NEW TITLES AT JONES: Jones Apparel Group has promoted three of its key executives. Anita Britt, who had been senior vice president of finance and investor relations, has been named executive vice president of finance. Efthimios P. Sotos, who was...
NEW TITLES AT JONES: Jones Apparel Group has promoted three of its key executives. Anita Britt, who had been senior vice president of finance and investor relations, has been named executive vice president of finance. Efthimios P. Sotos, who was corporate vice president and treasurer, has been appointed to the post of senior vice president and treasurer. Joseph Donnalley, who had been vice president of corporate taxes and risk management, was named senior vice president corporate taxation and risk management.VALENTINO'S TEAM: Valentino on Friday finally became a property of Marzotto, which acquired the house from Holding de Partecipazioni Industriali. Marzotto also announced a new management structure at Valentino: Antonio Favrin, Marzotto's vice president and chief executive officer, was nominated chairman of Valentino; Michele Norsa, general manager of the Marzotto apparel division, will be Valentino's chief executive; Fabio Giombini, already ceo of Valentino under HdP, was nominated general manager of Valentino. Ironically, Giombini was Marzotto's apparel director prior to joining Valentino. As reported, Marzotto purchased Valentino from HdP in March for $210 million, a sum that includes Valentino's net debt of $179.2 million.CITA NOD FOR COMBED CASHMERE: The Committee for the Implementation of Textile Agreements has approved a "short supply" request for use of non-U.S. yarn of combed cashmere, cashmere blends and camel hair under the Caribbean Basin Partnership Act. The bill largely requires U.S. textiles to be used in order for garments to receive duty breaks, but allows garments made of non-U.S. materials to qualify for duty-free status if they are not commercially available in the U.S.THE PENNEY LINE: J.C. Penney Co. Inc. reported Friday its wholly owned subsidiary J.C. Penney Corp. Inc. has completed a new three-year $1.5 billion bank line of credit to be used for general corporate purposes, effective immediately. The company said its collateral for the credit facility is limited to domestic department store and catalog inventories. The deal was arranged by J.P. Morgan and Credit Suisse First Boston with Morgan as the sole bookrunner.J. CREW'S LOSS WIDENS: Hurt by a double-digit decline in same-store sales and a charge related to the elimination of 20 percent of its work force during the quarter, the J. Crew Group reported a $12.1 million net loss for the quarter ended May 4, compared with a loss of $9.3 million a year earlier. Revenues declined to $167.1 million from $167.8 million a year ago.HEARST BUYS VERANDA: Hearst Magazines said Friday it has purchased Veranda, an interior design magazine, from Veranda Publications Inc. of Atlanta. The purchase price was undisclosed. The magazine, which is published six times a year, has a paid circulation of 393,270.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@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)