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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)