TIME FOR CHANGE: Nora McAniff, newly minted executive vice president of Time Inc., has shuffled her staff. Group president Ann Jackson, who is responsible for Real Simple, The Parenting Group and Time Inc.’s relationship with Essence, adds In...
TIME FOR CHANGE: Nora McAniff, newly minted executive vice president of Time Inc., has shuffled her staff. Group president Ann Jackson, who is responsible for Real Simple, The Parenting Group and Time Inc.’s relationship with Essence, adds In Style to her portfolio. Stephanie George, president of In Style, now reports to Jackson. George had reported to Ann Moore, who was namedchairman and chief executive of Time Inc. last month. Peter Bauer has been named president of People. He was the magazine’s publisher. Those duties were handled by McAniff, who had been president of the People Group. Jackson and Bauer report to McAniff.
ABOVE THE FRAY: Wal-Mart Stores will begin to expense options with the start of its next fiscal year on Feb. 1, 2003. Also on Wednesday, Wal-Mart chief executive Lee Scott and chief financial officer Thomas Schoewe signed sworn statements attesting to the accuracy of the firm’s financial statements ahead of the September deadline for companies with fiscal years ending Jan. 31. Polo Ralph Lauren Corp. Wednesday joined Sears Roebuck & Co., Burlington Industries, DuPont and Gap Inc., which, as reported, filed on Tuesday among fashion and retail firms complying with the SEC deadline. Liz Claiborne Inc., Kohl’s Corp. and VF Corp. filed on Wednesday, ahead of their required deadlines. None of the companies reported restated operating statements. Jones Apparel Group was also scheduled to file by Wednesday, but at press time it could not be confirmed if it had.
LEVI’S DOWNGRADE: Moody’s Investors Service downgraded its ratings Wednesday on seven issues of Levi Strauss & Co.’s debt, affecting approximately $2.1 billion in securities. The San Francisco-based owner of the Levi’s and Dockers brands had its senior implied rating reduced one place to B2 from B1 and its senior unsecured issuer rating demoted two places to Caa1 from B2. Both are considered speculative or "junk" status, as were the previous ratings. Levi’s overall negative rating was maintained.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)