In Brief: Addio Armani … Unions Form Alliance … Rival Bidder …
ADDIO ARMANI: Italian eyewear giant Luxottica has a new board of directors and it doesn’t include Giorgio Armani. As expected, Luxottica’s shareholders chose not to renew the designer’s tenure on the governing body...
ADDIO ARMANI: Italian eyewear giant Luxottica has a new board of directors and it doesn’t include Giorgio Armani. As expected, Luxottica’s shareholders chose not to renew the designer’s tenure on the governing body after a well-publicized split between the parties late last year. At that time, Armani annulled a 14-year licensing pact for eyewear and switched to competitor Safilo. “Armani continues to be a 5 percent shareholder in Luxottica and we have no current plans to divest that stake,” said an Armani spokesman. As for press reports that Armani might be mulling a stake in Safilo, his spokesman characterized the talk as “unfounded speculation.”
UNIONS FORM ALLIANCE: UNITE turned to a powerful ally in its drive to organize workers at Cintas Corp., the nation’s leading supplier of commercial uniforms and laundry services. The apparel union said Wednesday in Chicago that it was joining forces with the International Brotherhood of Teamsters in the effort to unionize Cintas’ 17,000 workers. “This revives the labor movement and is necessary to take on corporate bullies like Cintas,” said Teamsters general president James P. Hoffa, referring to the alliance. UNITE has alleged that Cintas has violated labor laws in several instances, including firing workers who had supported unionization. The company also faces a class action suit by truck drivers who claim Cintas deliberately failed to pay them overtime. The Teamsters noted that many of its 1.4 million members wear Cintas uniforms. Cintas has said that it seeks to obey all labor laws and denied illegally firing any workers.
RIVAL BIDDER?: Aletheia Partners, the consortium backed by Iranian property tycoon Robert Tchenguiz, said this week that it would put in a formal offer to buy the London-based Selfridges plc by July 4 or withdraw from the bidding. Tchenguiz, whose bid was topped last month by Canadian billionaire Galen Weston’s $1.14 billion offer, confirmed to WWD that his company is continuing to work toward the possibility of making an offer for Selfridges. As reported, Weston extended his bid deadline for the second time last week to Wednesday. A spokeswoman for his company, Oxford Acquisitions Ltd., said that a statement would be issued today announcing how many shares Weston has acquired. It was announced last week that Weston had a total of 29.22 percent of the company, which includes the shares he already owned.
@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)
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)