FIT TO GET ENDOWMENT: The Fashion Institute of Technology will receive a $300,000 endowment from Retail Brand Alliance and United Way of New York City. The scholarship fund will be presented at a reception June 27 at the Manhattan-based school. The...
FIT TO GET ENDOWMENT: The Fashion Institute of Technology will receive a $300,000 endowment from Retail Brand Alliance and United Way of New York City. The scholarship fund will be presented at a reception June 27 at the Manhattan-based school. The money will initially provide five full-tuition scholarships to students who were directly affected by the events of Sept. 11, and in later years to other eligible students. The funds will be distributed through FIT's Education Foundation for the Fashion Industries. Retail Brand Alliance is the parent company of Casual Corner Group, Adrienne Vittadini, Carolee Designs and Brooks Bros.DOOR OPEN AT BENETTON: Benetton denied Monday that it has decided to sell its money-losing sporting goods unit, but clearly, it is leaving its options open. "No decision has been made," a spokesman said. Benetton did say it has received expressions of interest and it is open to alliances and partnerships. Benetton said its sporting goods business, which includes the Nordica, Prince, Rollerblade and Killer Loop brands, posted a loss of $46.6 million in 2001, while this year's loss should shrink to $15.5 million. Dollar figures are converted from euros at current exchange.NEW ZALE CHIEF: Zale Corp. said Monday that Mary L. Forte will become chief executive officer on Aug. 1, succeeding Robert J. DiNicola, who will continue as chairman in a nonexecutive capacity. Forte, a 26-year veteran of retailing, has been Zale's executive vice president and chief merchandise officer since February 2001 and was instrumental in the company's turnaround over the last 18 months. She joined Zale in July 1994 as president of its Gordon's Jewelers division, which she upgraded, and became executive vice president and chief administrative officer in January 1998, where she was involved in the Peoples Jewellers of Canada and Piercing Pagoda acquisitions. Prior to Zale, she held executive jobs at QVC, The Bon Marche and Rich's. Zale is the nation's largest fine jewelry specialty retailer. DiNicola's retirement--his second from the corporation--was planned. He first became chairman and ceo of Zale in 1994, retired in 1999, and returned in February 2001 to get the retailer back on track.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion