GUCCI MEETING: Gucci Group’s annual shareholders’ meeting will be held July 15 in Amsterdam. In a statement Wednesday, Gucci said its supervisory board has declared a cash dividend of 50 cents a common share from the profits earned in...
GUCCI MEETING: Gucci Group’s annual shareholders’ meeting will be heldJuly 15 in Amsterdam. In a statement Wednesday, Gucci said its supervisory board has declared a cash dividend of 50 cents a common share from the profits earned in fiscal 2001. The statement said Amsterdam Euronext bearer shares and New York Stock Exchange registered shares will both commence trading ex-dividend on July 19, and that the record date for NYSE registered shares is July 23.NIKE NOTES: Nike Inc. plans to issue up to $500 million in medium-term notes, according to a filing with the Securities and Exchange Commission. The offering is part of Nike’s $1 billion shelf registration. The notes will mature at least nine months after issuance and bear varying interest rates. Proceeds from the sale are slated for general corporate purposes like refinancing of debt, working capital, capital expenditures and investments in subsidiaries. Agents for the offering include Merrill Lynch and Banc of America Securities and Banc One Capital Markets.KMART DELAYS: A hearing on the compensation of two former Kmart executives has been pushed back until September, the same time that the bankrupt retailer expects to complete its internal review of the “stewardship” of the company under prior management.The two executives, David Montoya, former executive vice president of operations, and John Owen, former senior vice president and general merchandise manager, both agreed to the extension. They each filed motions earlier this month requesting immediate payments per previous employment contracts, with Montoya seeking $132,000 for unpaid severance and a first-year bonus and Owen seeking unpaid severance of $432,000. The hearing was supposed to have been on Wednesday. Kmart on Wednesday also received Chicago bankruptcy court approval to resume licensing deals with Sesame Street and Avmark Inc., with the retailer paying Sesame Street $5.1 million and Avmark $1.9 million to settle outstanding royalty payments. The court previously approved licensing deals with Martha Stewart Living Omnimedia and Walt Disney. Avmark makes the Curtis Mathes brand of audio/video equipment.""
@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
@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)