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 "There’s a possibility the suit will be withdrawn since the announcement [that] Hoffa will be appointed," an AFL-CIO spokeswoman said.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.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)