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.
Breaking: @cushnieetochs’ co-founders @carlycushnie and @ochsmichelle are parting ways. After a 10-year run, Ochs is leaving the brand. Get the full story on WWD.com – link in bio. #wwdnews #wwdfashion
@maybelline’s Kanako Takase had snow bunnies in mind when creating the beauty look for @philipppleininternational. Playing off of the bedazzled snowboards in the collection, Takase mixed two highlighters together for a luminous sheen. #wwdbeauty #nyfw (📷: @jilliansollazzo)
“There’s a huge gap between the old way of doing things and today. It takes the youth to help evolve that. You have to count on the kids today to help lead you into the future. A lot of these retailers are stuck in the past. Communication is the biggest thing,” said @ronniefieg of @kith on the youth’s role in retail. On Monday night, Jeff Staple moderated a keynote session with Fieg and @syresmith at Assembly - a series of workshops, talks and keynotes addressing topics or issues in the apparel industry. Head to WWD.com to read more advice from Fieg and what Smith thinks of his dad @willsmith’s Instagram account and sustainability (📷: @weston.wells)
@joansmalls closed the @michaelkors fall 2018 show in black sequined pants and a varsity T printed with 19 on the front and 81 on the back. 1981 – the year Kors went into business. #wwdfashion #nfyw (📷: @giovanni_giannoni_photo)
“You think your life is going to be a certain way, and nothing you thought would happen ends up happening. Never in my wildest dreams did I think I’d be designing clothes and working with Mickey Drexler, and building something I’m deeply proud of,” said Jenna Lyons. Nine months after leaving @jcrew, Lyons is exploring the meaning of happiness. Read the interview, where Lyons talks about reinvention and more on WWD.com – link in bio. #wwdfashion (📷: Farrell) #jennalyons #jcrew