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 "There’s a possibility the suit will be withdrawn since the announcement [that] Hoffa will be appointed," an AFL-CIO spokeswoman said.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.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
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