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.""
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia