In Brief: Dom’s Honor…Mommy and Me…Walmart’s Hefty Dividend
DOM’S HONOR: Domenico De Sole, president and chief executive of Gucci Group, will receive the Georgetown University Award today in New York for his example of international business leadership. De Sole will receive the...
DOM’S HONOR: Domenico De Sole, president and chief executive of Gucci Group, will receive the Georgetown University Award today in New York for his example of international business leadership. De Sole will receive the president’s medal from Georgetown University president John J. DeGioia at a gala at the Plaza Hotel, organized by the Georgetown University Wall Street Alliance. De Sole, whose two daughters attend Georgetown, has lectured at the university on international business and also, with his wife, Eleanore, established the Laura and Gaetano De Sole Professorship in Contemporary Italian Culture, named after his parents.
MOMMY AND ME: The Gymboree Corp. will enter women’s fashion in April by launching Janeville, a chain targeting women in their mid-30s and pursuing Chico’s and Talbots customers. “Janeville apparel will be modern, trend-infused and comfortable, and include novelty items as well as essentials,” the company said. Janeville is led by Kathy Lee, vice president and general merchandise manager, and Colleen Dowd Saglimbeni, director of design. The first three Janeville stores will open in April at Westfield Shoppingtown Valley Fair in Santa Clara, Calif.; Bellevue Square in Bellevue, Wash., and on Burlingame Avenue in Burlingame, Calif. About 10 stores are seen opening by yearend. Gymboree specializes in children’s apparel, accessories and developmental play programs.
Wal-Mart’s Hefty Dividend: Wal-Mart said Wednesday that it increased its quarterly dividend 4 cents to 13 cents, which will be paid to shareholders of record on April 15. The increase represents $2.2 billion in cash that will be returned to shareholders this year. George Strachan, equity analyst at Goldman Sachs, said in a research note that he believes Wal-Mart will generate more than $5 billion in free cash flow in fiscal year 2004, and between $5.5 billion and $6 billion in 2005. “This provides significant firepower to make acquisitions, buy back stock or for further dividend increases,” he said.
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
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye