• A SITE AND A SETTLEMENT: Without admitting or denying guilt, Guess Inc. has settled a Federal Trade Commission charge over false claims regarding the security of consumers’ personal information on its Web site. The FTC action arose after a hacker entering the Guess Web site in February 2002 was able to view credit card information that the firm said was encrypted. In a statement, the firm said, “We cooperated fully with the FTC’s review. No consumers were harmed in the single incident in which a hacker entered our site more than a year ago. Since that time, we have upgraded our site to best ensure the security of our consumers’ personal information. Going forward, we will continue to monitor and upgrade our site in order to safeguard the privacy of our consumers.”

  • ABRIDGED BATTLE: Dissident shareholders seeking to replace current Nautica Enterprises Inc. directors have reduced to two from three the directors they seek to elect and the incumbent directors they’re looking to unseat. Barington Companies will solicit proxies to elect William Fox and James Mitarotonda and to unseat John Varvatos and Charles Scherer at the firm’s annual meeting in New York July 8. However, according to a Securities and Exchange Commission form filed Wednesday, Barington no longer seeks to elect former Macy’s West chief Michael Steinberg or unseat incumbent director Steven Tishman. “We believe this is consistent with the company’s recently announced goal to have two new independent directors,” said Barington in the filing. The Barington group wants to enhance Nautica’s shareholder value.

  • STREET TALKING: Rocawear, the New York-based streetwear company run by Damon Dash and Jay-Z, has appointed Naomi Katz to the position of executive vice president of global communications. She joins the company from Giorgio Armani, where she was vice president of advertising for five years. At Rocawear, Katz oversees marketing, advertising, public relations and special projects. She reports to Dash and Ron DeMichael, chief financial officer, and replaces the former vice president of marketing, Dana Hill, who left the company last month.

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