In Brief: Court Date … Heading West … Pacsun President To Retire
COURT DATE: Francois Pinault is expected to travel to Los Angeles July 12 for the next round of negotiations in the ongoing Executive Life case. Last month, U.S. District Court judge Howard Matz urged Pinault and the California...
COURT DATE: Francois Pinault is expected to travel to Los Angeles July 12 for the next round of negotiations in the ongoing Executive Life case. Last month, U.S. District Court judge Howard Matz urged Pinault and the California insurance commissioner to reach a negotiated accord after a jury ruled that Pinault's family-owned holding company, Artemis, conspired to defraud insurance regulators when it acquired Executive Life's junk bond portfolio, reaping huge profits. Meanwhile, the jury cleared Pinault personally of any wrongdoing. Attempts by the two parties to settle on a penalty sum failed earlier this month.
HEADING WEST: Mango, Spain's cheap-chic fashion chain, is set to open its first U.S. store by the end of November in the Los Angeles area, a spokesman confirmed this week. Spanning 8,600 square feet, the two-level location is slated for Santa Monica's shop-heavy Third Street Promenade. According to Barcelona headquarters, the store logo and brand will be marketed as MNG in the U.S. Los Angeles was chosen as the U.S. "point of entry" because of "its huge potential as a market and its proximity to neighboring countries such as Mexico, where Mango has been present for more than 10 years," according to a company statement. For 2004, Mango sales climbed 5.3 percent to 1.05 billion euros (or $1.31 billion at current exchange), 73 percent from international markets.
PACSUN PRESIDENT TO RETIRE: Tim Harmon will retire July 1 as president and chief merchandising officer of Pacific Sunwear of California Inc. after almost 14 years with the company. "We appreciate the incredible job that Tim has done in helping grow Pacific Sunwear into one of the largest specialty retailers in the world," chief executive officer Seth Johnson said in a statement. Harmon's merchandising responsibilities will be assumed by the company's division presidents. In addition, Reenie Benziger has been named executive vice president of merchandising for the company's PacSun Division.
@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
@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)