BOSS CHANGES: Hugo Boss is discontinuing its previous top-of-the-line men's wear collection Baldessarini after delivery of the spring 2007 offering. The Metzingen, Germany-based fashion house said fragrances under the Baldessarini name marketed by Procter & Gamble would not be affected. In 2005, the Baldessarini brand had sales of 17 million euros, or $20.5 million. In the future, Boss Selection will function as Boss' premium men's wear line. In its first year, Boss Selection posted sales of 20 million euros, or $24.1 million. The company said it aims to double this figure to 40 million euros, or $48.3 million, within three years. Boss has not yet released sales figures for 2005, but in the first nine months, the group achieved sales of 439 million euros, or $529.9 million.
WAL-MART COMMITS TO DIVERSITY: The compensation committee of the board for Wal-Mart Stores Inc. said in a filing Wednesday with the Securities and Exchange Commission that it established an "objective diversity initiative" as a performance measure in its management incentive plan for fiscal 2007. "The committee set diversity goals to motivate officers to achieve the company's diversity initiatives while adhering to the company's commitment to select the most qualified individual for each position," the retailer said in the filing, adding that the incentive payment "can be reduced by up to 15 percent for not achieving the company's diversity initiatives for fiscal 2007."
PRET EXPANDING: The Paris Prêt à Porter trade event organizers continue to expand abroad, with plans to stage two additional shows in Manhattan this September. Hervé Huchet, the firm's fashion director, said the Prêt would stage a second Train show as well as an accessories forum to be called The Box. "The second Train show will have a more commercial focus," said Huchet. "We hope to have 100 exhibitors for the first edition, and another 50 for the first Box show." The Paris Prêt launched its first Train event in September 2004 in the Terminal Stores in Manhattan. Venues for the new shows have yet to be determined. Meanwhile, Huchet said the Paris Prêt also would launch The Box in France, starting with its October edition, which is sure to mean competition for the Première Classe accessories fair that convenes concurrent to the runway shows.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)