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.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)