CROSSING THE POND: Brooks Brothers on Tuesday said it has entered into a joint venture with Brightark Ltd. of London to create Brooks Brothers United Kingdom, a vehicle for opening stores in the U.K. and Ireland. Brooks Bros. U.K. plans to open several stores within the next five years. The first, a 3,200-square-foot unit, will open at the end of the month at Lion Plaza in London's financial district. The company said it's in negotiations to secure space for a flagship on Regent Street that would open in the spring.
CARR JOINS COACH: Janet A. Carr has been named vice president of consumer insights and strategic planning at Coach Inc. Carr had been with Gap Inc., where she held the same title and was responsible for focusing on business performance and consumer needs, as well as identifying practical strategies to increase business in Asia and Europe and strategically aligning all three Gap brands: Gap, Old Navy and Banana Republic. The position incorporates some of the responsibilities held by Kate Buggeln, who was senior vice president of strategic planning and new business development. Buggeln left the company about a year ago.
BILLION DOLLAR BUYBACK: TJX Cos. Inc.'s board approved a $1 billion stock buyback program. This means that about 10 percent of its outstanding shares will be authorized for repurchase. The authorization is in addition to the $97 million remaining in the company's existing $1 billion buyback authorization, which was approved in May 2004 and is expected to be completed in the fourth quarter. The company said in a written statement that it plans to repurchase $600 million of TJX stock in fiscal 2006. "This new authorization reflects our confidence in the successful growth of the company. Our core businesses and the off-price concept remain fundamentally strong, and we have substantial opportunities to deliver excellent overall performance," Bernard Cammarata, chairman and acting chief executive officer of TJX, said in the statement. Framingham, Mass.-based TJX said it spent $4.15 billion since 1997 buying back 283 million shares of stock.
HOTEL HONCHO: Serge Weinberg, the former PPR executive, has been named chairman of the supervisory board of Accor, the French hotel operator. Weinberg left PPR this spring when François-Henri Pinault took the top spot at the French retailer, which also controls Gucci Group. Weinberg then founded a venture capital firm, Weinberg Capital Partners, which he will continue to manage. Accor runs the Sofitel, Novotel and Mercure chains, among others.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews