EXTENSION GRANTED: President Bush was automatically given a two-year extension of Trade Promotion Authority Friday evening without a challenge from Congress. Under the authority, the administration has the ability to negotiate trade agreements that Congress must vote up or down without amendments and on a specified timeline. The authority, established in the Trade Act of 2002, expired Friday and neither the Senate nor the House rejected the request by the President to extend it so it was automatically renewed for two years.
MEXX MOVES: Mexx Europe Holdings, a division of Liz Claiborne Inc., has named Mark Walsh as senior vice president of brands. Walsh will be responsible for the group's brands including Mexx, Liz Claiborne, Elisabeth, Monet, Enyce, Lucky Brand and Ellen Tracy across Europe and the Middle East, and will report to Rattan Chadha, chief executive officer of the Mexx Group. Prior to his appointment, Walsh was president of Liz Claiborne's Specialty Retail division in the U.S.
FRENCH CONNECTION PROFIT WARNING: French Connection warned last week that pretax profits for the fiscal year ending January 2006 would be lower than analysts' expectations, and would instead be in the range of 20 million pounds to 25 million pounds, or $35.2 million to $44 million, at the current exchange rate, compared to pretax profits of $56.4 million for the year ending January 2005.
The company blamed the difficult retail environment in the U.K., and a low level of repeat orders for the summer range from wholesalers. The company said it also expected to report a same-store sales decline of around 11 percent for the first half of the fiscal year, in the company's U.K. and Europe retail business.
@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