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.""
“I grew up in New York but I hadn’t really experienced the city in any type of touristy way…This was probably the first museum I really explored and took the time to see,” said @haileybaldwin of the @whitneymuseum. On Tuesday night, Baldwin was joined by Jemima Kirke and more at the annual Whitney Museum Gala and Studio Party, which honored Lorna Simpson, Joanne Leonhardt Cassullo and Beth Rudin DeWoody. See more photos on WWD.com. #wwdeye (📷: @lexieblacklock)
Displayed starting this week at the @fashiontextilemuseum: An exhibition on designer @orlakiely titled “Orla Kiely: A Life in Pattern,” which spans two decades and contains more than 150 pieces. “I want people to come away loving pattern and print. It’s something that makes you feel so good,” said the designer during a preview of the exhibit. Also on show are mood boards, samples, sketches and more. Head to WWD.com to see more photos. #wwdfashion
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion (📷: Dan Doperalski)