SEC’S OPEN DOOR: May Department Stores Co. and Jones Apparel Group Friday joined the ranks of companies whose chief executives and chief financial officers filed sworn statements with the Securities and Exchange Commission affirming the accuracy...
SEC’S OPEN DOOR: May Department Stores Co. and Jones Apparel Group Friday joined the ranks of companies whose chief executives and chief financial officers filed sworn statements with the Securities and Exchange Commission affirming the accuracy of their quarterly financial statements. May filed ahead of its Sept. 17 deadline while Jones received a six-day extension to file beyond its original Aug. 14 due date. May joined Wal-Mart Stores among retailers who have opted to expense stock options beginning in fiscal 2003. May expects the expense from stock options to be about 2 cents per share in 2003, growing to about 8 cents per share in 2006. Asked what consequences late and nonfilers would face, an SEC spokesman responded, "We will consider all options and fashion a remedy based on the facts and circumstances of each case."
MORE MONEY FOR COTTON: The Cotton Council International, a division of the National Cotton Council of America, has received an additional $763,645 for fiscal year 2002 from the U.S. Department of Agriculture to promote U.S. cotton exports overseas. The funding, tied to the recently signed farm bill, will be added to the Cotton Council’s original budget of $6.74 million, which was also received from the USDA for fiscal year 2002. Cotton Council International is funded by tariffs on imported cotton and cotton fees that growers pay.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast