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.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
For @simonerocha_‘s fall show, hairstylist @jamespecis created a look inspired by the painter John Constable. Models’ hair was pulled back, tied into knots and topped off with a bow. (📷: @kukukuba) #wwdbeauty #lfw
Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)