CONFLICT OF INTEREST: Aéropostale said it has ended the employment of Christopher Finazzo, the chain's executive vice president and chief merchandising officer, effective immediately. The company said Wednesday an investigation revealed that Finazzo concealed a personal ownership in, and served as an officer of, entities affiliated with one of the company's primary vendors, South Bay Apparel Inc., which Aéropostale said constitutes a conflict of interest. Julian Geiger, Aéropostale's chairman and chief executive officer, will assume the chief merchandising responsibilities while the company searches for a new chief merchant.
CHANEL'S NEW DIGS: Chanel is opening its 23rd U.S. boutique at the Gardens of the Palm Beaches mall in Palm Beach, Fla., today. It will offer a full assortment of merchandise, from ready-to-wear to accessories, including costume jewelry, watches and shoes. Architect Peter Marino, who created the 2,200-square-foot unit, used the house's global prototype for the design and layout. The boutique has an open feel, with a 117-foot-long storefront of expanses of glass that are inspired by Chanel's famous No.5 bottle. The interior features tweed furniture and tweed-like woven carpets, carbon fiber shelving and glass fiber elements on the walls.
FINLAY GROWS: Finlay Enterprises Inc., the fine jewelry retailer and largest operator of licensed fine jewelry departments in department stores, said Wednesday it had inked a stock purchase agreement to buy Congress Jewelers. Congress, with annual sales of $23 million, is a privately owned chain of five jewelry stores in Florida. The deal is still subject to closing conditions and certain consents. In May 2005, Finlay acquired Carlyle & Co., a 34-unit chain of specialty jewelry stores. Finlay had annual sales of $990.1 million last year.
GRAMICCI'S PLANS: Gramicci is partnering with Montreal-based distributor BIGroup to expand into Canada. The outdoor apparel vendor's first Canadian distributor, BIGroup serves more than 1,300 retail accounts across Canada and represents brands including Compass North, Maui, Persona and Redsand.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion