SHARE AND SHARE ALIKE: Loehmann’s Holdings Inc. will begin trading on the Nasdaq on July 29. The Bronx-N.Y. based retailer, which had been trading on the over-the-counter bulletin board, will continue to trade under the ticker symbol LHMS. In a...
SHARE AND SHARE ALIKE: Loehmann’s Holdings Inc. will begin trading on the Nasdaq on July 29. The Bronx-N.Y. based retailer, which had been trading on the over-the-counter bulletin board, will continue to trade under the ticker symbol LHMS. In a separate development, Loehmann’s also announced that it has completed the sale of its building in the Bronx and received $5 million in cash from the transaction. The company’s corporate headquarters will continue to be located in the Bronx facility.
OF NOTE: J.C. Penney Corp. extended, until Aug. 7, the expiration date of its offer to exchange various outstanding notes for new notes maturing in 2012 and bearing an interest rate of 9 percent. The offer was originally set to expire July 24.As of that date, an aggregate of $227 million of the outstanding notes were accepted and became irrevocable.
EMPORIO REDO: Giorgio Armani has remodeled its six-year-old Emporio Armani storeat 601 Madison Avenue and is reopening it today. The store has 9,000 square feet, including 6,000 square feet and two floors of selling space. Giorgio Armani designed the remodeled store with Manhattan-based architectural firm Janson Goldstein, similar to the smaller Emporio location in SoHo that opened in April 2001. There’s a dramatic entrance with an open atrium, a suspended staircase, and illuminated opaline plexiglas columns and wall panels in contrast to chocolate brown wenge walls. There is also a strip of Pietra Serena stone above the doors on the facade.
TRADE TALKS CONTINUE: House and Senate lawmakers late Thursday were still locked in their second full day of talks over a trade bill that includes apparel duty breaks for Andean countries and enhanced breaks for the Caribbean Basin and sub-Saharan Africa. The main point of contention is what workers should qualify for federal assistance if they lose their jobs as a result of new trade concessions. Democrats have made a broadening of the Trade Adjustment Assistance program — which now applies to workers who lose their jobs as a result of NAFTA — a must-have item. On the other side of the aisle, Republicans want to pass the trade bill because it would give President Bush the Trade Promotion Authority he desires. Lawmakers are scrambling to resolve the House and Senate versions of the bill before they leave for their summer vacations next week.""
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye