BUSH TAPS HOFFA: President Bush, facing a lawsuit filed by the AFL-CIO, has announced he will appoint Teamsters Union president James Hoffa to serve on a key, high-level trade committee that gives advice on objectives and bargaining positions before...
BUSH TAPS HOFFA: President Bush, facing a lawsuit filed by the AFL-CIO, has announced he will appoint Teamsters Union president James Hoffa to serve on a key, high-level trade committee that gives advice on objectives and bargaining positions before entering into trade negotiations. Paul Norman Beckner, president and chief executive officer of Citizens for a Sound Economy, was also named to the Committee on Trade Policy & Negotiations. "There’s a possibility the suit will be withdrawn since the announcement [that] Hoffa will be appointed," an AFL-CIO spokeswoman said. The Bush administration omitted labor, environmental and conservation representatives in an initial list of 32 appointees it released in late December. In response to the omissions, the AFL-CIO filed a lawsuit against Bush and U.S. Trade Representative Robert Zoellick in federal court last month, requesting a court order to direct the USTR and White House to include representatives. One textile and three apparel executives have also been named.
THIRD TIME’S A CHARM: Cradle Holdings, a budding miniconglomerate which earlier acquired the Erno Lazlo and Penhaligon’s beauty brands, has purchased l’Artisan Parfumeur, a Paris-based fragrance house founded by Jean Laporte and now led by directeur general Marie Dupont. L’Artisan markets about 30 fragrance brands and environmental scents with distribution centered in France and the U.K. with five freestanding stores. The products are merchandised in select locations in 20 countries, generating a global volume estimated by industry sources at roughly $20 million. Although the purchase price was not disclosed, sources speculate that the deal was worth $10 million to $15 million.
CONE MILLS CREDITWATCH: Standard & Poor’s Ratings Services on Friday placed Cone Mills Corp. on its CreditWatch list with negative implications. As a result, S&P now rates both the Greensboro, N.C.-based mill’s long-term corporate credit and its senior secured debt at "CCC-plus" with a negative outlook. Previously, long-term credit was rated "CCC-plus/developing," and senior debt "CCC-plus." As of Sept. 29, Cone Mills had about $155.2 million in outstanding debt. S&P said the move reflects Cone Mills’ plan to initiate an offer exchanging an equal principal amount of its new notes for any and all of its $100 million notes due March 15, 2005. The bondholders will be asked to extend maturities and make other modifications to their agreements. Although the proposed terms were not publicly disclosed, S&P expects that Cone Mills may not be able to meet all of its obligations, as originally promised under the note issue, and fund its Mexican expansion strategy at the same time.
Donatella Versace will receive the International Award at the 2018 @cfda awards, which were announced tonight. Tap link in bio for a list of all the nominees and honorees. #wwdnews #wwdfashion (📷: @rahirezvanistudio )
The 2018 @cfda Awards nominees are out! @virgilabloh for @off____white for is nominated for Womenswear Designer of the Year. Tap link in bio for all the nominees. #wwdnews #wwdfashion ( 📷: @simonelezzi)
@chanelofficial is suing high-end vintage retailer @whatgoesaroundnyc for trademark infringement, a move that could cost the retailer millions. The French fashion house claims that it’s not only unintentionally sold counterfeit goods on occasion, but that it’s “gone out of its way to create an association with Chanel,” which does not exist. Read Chanel’s statement on WWD.com #wwdnews (@aitorrosasphoto)
Exclusive: Guillaume Henry has left @ninaricci, the fashion house said on Thursday. “After three years of mutually gratifying creative collaboration, Nina Ricci and Guillaume Henry have together decided that the designer will depart the house after the presentation of the fall-winter 2018-19 collection,” Ricci said in a statement. Get all the details on WWD.com #wwdfashion (📷: @aitorrosasphoto)
“When Bella enters a room all heads turn,” said @peterphilipsmakeup, creative and image director for @diormakeup. Last night, the two celebrated the product launch of Dior’s Lacquer Plump in Los Angeles with other celebs like @parisjackson, @winnieharlow and more. Head to WWD.com to see the rest of the photos from the night (📷: @chelsealaurenla) #wwdeye
“These shirts are an art form, it’s about getting the message out to as many people as you can. It breaks down the pretentiousness of the art gallery,” says Kumasi Sadiki, cofounder of @ebayontheblock, a store that sells merchandise by New York artists who are shifting their attention to clothes as a wearable medium. Pictured here is a design by artist @joegarvey_, one of the first to spearhead this movement. Head to WWD.com to read @mistywhitesidell full story on how their designs have become merch for the underground elite #wwdfashion
@netaporter is dedicating a part of its website – called the Fine Jewelry and Watch Destination – to highlight its high-end jewelry. The hub will feature products on the site, as well as incorporate styling advice and educational content about high-priced jewelry items. Get more details on WWD.com. #wwdaccessories
For “The Cher Show,” an upcoming musical based on @cher’s life and career, @bobmackie is once again collaborating with the singer in designing the costumes. For decades, Mackie has designed glitzy stage costumes and red carpet looks for the 71-year-old Grammy winner. Pictured here is a sketch of some of the pieces in the wardrobe of the musical, which is set to debut in Chicago on June 12 before making its way to Broadway #wwdeye