A CATO FAMILY AFFAIR: W.H. Cato Jr. Revocable Trust and Cato Family Investments, a limited partnership managed by Wayland Cato Jr., 79, a founder and chairman of Cato Corp., plans to sell up to 1 million shares of the firm’s Class A common...
A CATO FAMILY AFFAIR: W.H. Cato Jr. Revocable Trust and Cato Family Investments, a limited partnership managed by Wayland Cato Jr., 79, a founder and chairman of Cato Corp., plans to sell up to 1 million shares of the firm’s Class A common stock, or approximately 19 percent of its holdings in the firm, through Banc of America Securities. The sale follows a similar divestiture of 1.2 million shares in December and relates to Cato’s estate planning. Excluding shares represented in the plan, the trust and limited partnership hold about 44 percent of the voting power of the firm’s common stock.BUSH — WE BUY FROM YOU, ARGENTINA: President George Bush, opting for trade instead of financial aid, last week granted trade benefits to Argentina, which is suffering its worst-ever economic crisis. The White House gave duty-free access to 57 types of imports from Argentina, including jewelry and leather products under the Generalized System of Preferences program, which does not include textiles or apparel. The U.S. said it might give duty-free privileges to additional products, including textiles, if it can settle a long-running dispute over Argentine patent laws on pharmaceuticals. The Office of the U.S. Trade Representative plans to hold a hearing on Oct. 18. to consider granting additional duty-free treatment for 17 products from Argentina, the Philippines and Turkey. A decision on that is expected by Jan. 31, 2003.KMART EMPOWERMENT: A federal judge, on Thursday, granted Kmart Corp. the power to issue subpoenas in its investigation into whether its previous management’s practices and policies led to the firm’s Jan. 22 Chapter 11 filing, according to published reports. The Troy, Mich.-based firm and the Federal Bureau of Investigation, along with the Securities and Exchange Commission, have been examining the events leading up to the filing, the largest retail bankruptcy in U.S. history.HDP SAYS IN FILA TALKS WITH VF: The Italian conglomerate Holding di Partecipazioni Industriali, which has been trying to sell the Fila brand for over a year, said it is in now talks with VF Corp. about a deal, though a spokeswoman for the Greensboro, N.C.-based apparel maker declined to comment on HdP’s statement. An HdP spokeswoman said: "We are holding several negotiations and VF is one of the companies that has shown interest." She did not name any other interested parties, though in December the company had said it was in exclusive talks with Continental Partners, an investment group. Continental couldn’t be reached for comment.
“I grew up in New York but I hadn’t really experienced the city in any type of touristy way…This was probably the first museum I really explored and took the time to see,” said @haileybaldwin of the @whitneymuseum. On Tuesday night, Baldwin was joined by Jemima Kirke and more at the annual Whitney Museum Gala and Studio Party, which honored Lorna Simpson, Joanne Leonhardt Cassullo and Beth Rudin DeWoody. See more photos on WWD.com. #wwdeye (📷: @lexieblacklock)
Displayed starting this week at the @fashiontextilemuseum: An exhibition on designer @orlakiely titled “Orla Kiely: A Life in Pattern,” which spans two decades and contains more than 150 pieces. “I want people to come away loving pattern and print. It’s something that makes you feel so good,” said the designer during a preview of the exhibit. Also on show are mood boards, samples, sketches and more. Head to WWD.com to see more photos. #wwdfashion
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion (📷: Dan Doperalski)