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.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18