VIVENDI WOES: Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton, has resigned his post on the advisory board of Vivendi Universal SA, the troubled media and utilities giant. The move came a day after Vivendi shares plunged 23 percent, to...
VIVENDI WOES: Bernard Arnault, chairman of LVMH Moet Hennessy Louis Vuitton, has resigned his post on the advisory board of Vivendi Universal SA, the troubled media and utilities giant. The move came a day after Vivendi shares plunged 23 percent, to 1989 levels, over concerns for its mounting debt and dwindling cash flow. Arnault declined to comment on the reasons for his decision. Vivendi chairman Jean-Marie Messier is a member of LVMH's advisory board and the two titans are considered friends. They have also been business allies in the past. Two years ago, during the war over Gucci between Arnault and archrival Francois Pinault, Messier helped hammer out a proposed solution to the standoff. Arnault had been a member of Vivendi's advisory board since 1996. Meanwhile, Messier is expected to remain on LVMH's advisory board, whose members also include Diego Della Valle, Pierre Gode and Albert Frere.HAPPY HALLOWEEN: The Committee for the Implementation of Textiles & Apparel has reversed an earlier decision to slap imported Halloween and assorted costumes with quotas and visa requirements, beginning June 1. CITA announced Tuesday that it would exempt imported costumes from quotas and visas "until further notice" because the U.S. Customs Service is appealing a decision handed down by the U.S. Court of International Trade. The matter stems from a case involving Rubie's Costume Co. in which the court ruled in favor of Rubie's, which argued that the classification of imported costumes should be changed from the toy category, which enters the U.S. duty and quota free, to apparel, which is controlled by quotas and duties. CITA said it would revisit the issue once a decision on the appeal is issued.DAY IN COURT: Workers at Yves Saint Laurent couture will again be crowding into a Paris courtroom. As reported, a court last week rejected French tycoon Francois Pinault's attempt to force the retiring couturier's 150 workers to accept the sale of the house to fashion manufacturer Patrice Bouygues. But Pinault's family holding company, Artemis, which funded the couture, plans to appeal and will ask a judge today to fix a date for a hearing. The workers' committee has invited members to be present to show their resolve and remind the judge of their opposition.Levi's Low Look: Levi's plans to bang the low-rise drum in all its fall advertising, starting with a print campaign to break in August magazines. Tagged "Dangerously Low," the ads show models in gritty environments wearing Levi's low-rise styles for men and women. The theme is to be carried through into the company's yet-to-be completed TV campaign, as well. The ads are scheduled to appear in magazines including Teen People, Glamour, FHM and Maxim through December.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)