IN SEARCH OF THE GREEN LIGHT: Kmart Corp. is requesting that the Detroit bankruptcy court presiding over its case approve bid procedures for the sales of noncore assets. The retailer wants the procedures in place before the assets are identified so...
IN SEARCH OF THE GREEN LIGHT:Kmart Corp. is requesting that the Detroit bankruptcy court presiding over its case approve bid procedures for the sales of noncore assets. The retailer wants the procedures in place before the assets are identified so it can act quickly if need be. Typically assets are identified along with the buyer first, and then the terms of the proposed deal are submitted for court approval. In a related matter, Kmart is seeking the court’s OK to sell assets in transactions for under $2 million without court approval. A hearing on both requests is set for Aug. 29.
LADIES’ MAN: Specialty athletic retailer Foot Locker Inc. named Nick Grayston president and chief executive officer of the 632-unit Lady Foot Locker division. Grayston, 39, formerly president of Foot Locker Canada, succeeds Dan Demicell, who resigned. Grayston began his career with Foot Locker as director of planning and allocation for Foot Locker Europe.
BERGE BITES BACK: Pierre Bergé has flown to the defense of his friend,late French president François Mitterrand. According to a French wire service report, Bergé, speaking on France-Inter radio station, slammed plans to make a film about the Socialist president based on a book by Georges-Marc Benamou called "Dernier Mitterrand." Bergé said the project was "ridiculous" and called on Mitterrand’s family to oppose production of the film, according to the report. Bergé, who is on vacation, was unavailable for comment.
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)
20-year-old British singer @jorjasmith_ made her debut at Coachella last weekend. We caught up with her and talked about her love for Amy Winehouse, working with Kendrick Lamar on the “Black Panther” album and her fashion philosophy. Read the interview on WWD.com #wwdeye (📷: @katiedaisyla)
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)