In Brief: Finkelstein’s New Role…Sanpoint Split…Adidas Signs Garnett
FINKELSTEIN’S NEW ROLE: William Finkelstein, most recently chief operating officer of the Calvin Klein Jeanswear and Underwear divisions of Warnaco Group, and before that, senior vice president and chief financial officer of Warnaco, has...
FINKELSTEIN’S NEW ROLE: William Finkelstein, most recently chief operating officer of the Calvin Klein Jeanswear and Underwear divisions of Warnaco Group, and before that, senior vice president and chief financial officer of Warnaco, has joined American Enterprises Inc., maker of children’s sleepwear, as chief operating officer, a new post. In addition to having operating responsibilities, he will be responsible for business development and acquisitions. He reports to Victor Azrak, president of American Enterprises.
SANDPOINT SPLIT: Coldwater Creek Inc. declared a 50 percent stock dividend on its common stock, having the effect of a three-for-two stock split, the Sandpoint, Idaho-based multi-channel retailer said Monday. Stockholders of record on Aug. 18 will be entitled to one additional share of common stock for every two shares of the company’s common stock held on that date. The payment date for the stock dividend will be Sept. 8, at which time shares will be issued to stockholders by the transfer agent, Mellon Investor Services. Coldwater had approximately 16.1 million shares of its common stock outstanding as of Aug. 4, 2003. As a result of the stock dividend, 24.1 million shares of common stock will be outstanding.
ADIDAS SIGNS GARNETT: Minnesota Timberwolves star Kevin Garnett has signed a lifetime endorsement deal with Adidas. The move is part of the Adidas plan to gain ground against its arch rival, Nike, in basketball footwear sales. Terms of the deal were not disclosed, but Garnett has shown interest in taking an executive role with Adidas after his NBA career ends, according to his agent, Andy Miller. Garnett is in the last year of his six-year, $126 million contract with the Timberwolves. The 27-year-old athlete, who was last season’s MVP runner-up, has endorsed Nike and sports brand And 1 in the past. Nike’s NBA poster boy, Kobe Bryant, a former Adidas-sponsored athlete, is facing sexual assault charges.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)