PPR LAWSUIT: Pinault-Printemps-Redoute, the French retailer controlled by Francois Pinault, last week said it would take legal action against an as-yet-unnamed party for share price manipulation. PPR's shares tumbled 11.72 percent to $100.35 in...
PPR LAWSUIT: Pinault-Printemps-Redoute, the French retailer controlled by Francois Pinault, last week said it would take legal action against an as-yet-unnamed party for share price manipulation. PPR's shares tumbled 11.72 percent to $100.35 in trading on the Paris Bourse last Wednesday amidst rumors questioning its accounting practices. Serge Weinberg, the group's chairman, called the rumors unfounded. The episode came as Paris traders suffered a case of jitters in the wake of doubts about the accounting practices of beleaguered media conglomerate Vivendi Universal.l MORE CAVALLI: Ittierre will keep producing Roberto Cavalli's Just Cavalli line into the next decade. Ittierre's parent, IT Holding, and Roberto Cavalli renewed their licensing agreement, which was set to expire in 2005. The freshly inked deal, which runs through the spring collections of 2010, also calls for the launch of a new batch of Just Cavalli fragrances this fall through IT Holding's new perfume joint venture with beauty executive Roberto Martone. Roberto IT Holding declined to specify how much the contract isor disclose sales figures for the line. Meanwhile, Just Cavalli is gearing up for its catwalk debut in Milan for fall 2003.ON THE SKIDS: Sears, Roebuck & Co. said on Friday it is weighing an appeal on its share of a $29 million jury award to the family of a man killed in an auto rollover accident involving a Bridgestone/Firestone tire. A state jury in Orange, Texas, assessed 35 percent of the damages against Sears, which sold and later repaired the tire, and 65 percent against the manufacturer Bridgestone/Firestone. "We are considering our options and that certainly would include the possibility of an appeal," company spokeswoman Jan Drummond said. The dead man's family accused Sears of negligence in failing to properly repair or replace the tire and also alleged that the Bridgestone/Firestone Dueler APT tire was defective in its design and manufacture. The family had already reached a confidential settlement with Bridgestone/Firestone, a unit of Japan's Bridgestone Corp.FIN DEAL: Could Italian fashion groups Fin.part and Fingen be preparing a sportswear alliance? That's the tongue-twisting scenario buzzing about in Milan.Fingen, which makes jeans under the Calvin Klein, Guess and Rifle brands,denied reports of the deal, which says the two companies want to group their sportswear brands together into a 50-50 joint venture. Fin.part declined to comment, but it has said it's putting its sportswear division on the block to offset the debt accumulated from recent acquisitions like Cerruti. Fin.part's sportswear portfolio includes Marina Yachting, Henry Cottons and Moncler. At the end of 2001, Fin.part's net debt stood at $442.43 million (converted from euro at current exchange rates).A BETTER EDUCATED GUESS: Guess Inc. now expects its loss for the just concluded second quarter to come in at 16 to 18 cents a share, 4 cents a share more than its previous forecast. Guess earnings were 3 cents a share in the second quarter of last year. Carlos Alberini, president and chief operating officer, noted that, despite higher gross margins in its own stores, lower same-store sales and "a difficult department store environment" dragged down results."
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast