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.
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
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)