GROTE PROMOTED AT ESPRIT: Thomas Grote, joint global chief operating officer of Esprit, has been promoted to president of the brand. Grote, whose promotion is effective Jan. 1, will continue to report to Heinz Krogner, deputy chairman and group chief executive officer. Grote will be responsible for the brand's operations, including the wholesale, retail and licensing businesses. Additionally, the chief operating officers for retail, wholesale and organization will report to Grote. He joined the group in 1990 as key account manager of the accessories division. At the annual meeting of Esprit Holdings Ltd. in Hong Kong last Friday, Krogner said he will stay with the group and retain his current role for at least two more years.
HOUSE PASSES BAHRAIN FTA: The House approved a free trade pact with Bahrain on Wednesday. The Middle East island nation exported $182.7 million worth of apparel and textiles to the U.S. for the year ended Sept. 30, mostly in cotton sheets and trousers, accounting for just 0.2 percent of all such products imported into America. The agreement contains a yarn-forward rule of origin that requires apparel to contain either yarn and fabric from the U.S. or Bahrain to receive duty-free treatment, as well as an allowance of 65 million square meters equivalent of cotton and man-made apparel and fabric outside of the U.S and Bahrain for 10 years.
DELIA'S INC. PUBLIC AGAIN: Delia's Inc., a subsidiary of Alloy Inc., will go public in a spin-off. Shares of Delia's are expected to begin trading under the Nasdaq National Market on Dec. 19 under the symbol "DLIA." Alloy will continue to trade on the Nasdaq under its own symbol, "ALOY." Delia's, a lifestyle brand targeting teen girls ages 12 to 19, was acquired by Alloy in October 2003. Prior to that, Delia's had been a public company.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.