In Brief: Kmart Delay … All Bets Off … Third Time Lucky? …
KMART DELAY: The Chicago bankruptcy court judge overseeing the confirmation hearing on Kmart’s reorganization plan has opted to continue the hearing through Monday. Originally set for Monday and Tuesday of this week, the court session was...
KMART DELAY: The Chicago bankruptcy court judge overseeing the confirmation hearing on Kmart’s reorganization plan has opted to continue the hearing through Monday. Originally set for Monday and Tuesday of this week, the court session was continued into next week to give creditors and the court more time to address some of the concerns raised by unsecured creditors, as well as take two days off for the religious holidays. As reported, some have opposed confirmation of the plan until after $367 million is returned by so-called critical vendors who were paid ahead of everyone else in the bankruptcy.
ALL BETS OFF: Luciano Benetton’s sons, Rocco and Mauro, are being investigated for alleged money laundering related to the opening of the Benetton Sport Café in New York. The brothers are being investigated by the Florence, Italy, district attorney. Benetton lawyers issued a statement Wednesday saying that their involvement was limited to participating in transactions in the Café project — the creation of a chain of theme restaurants. According to the statement, the Benettons ultimately did not get involved in the project. "The transactions were transparent and clear," said the statement. For this reason, the lawyers say, the accusations against the Benettons are not "understandable" and that they have faith the investigation will clear the brothers. A Benetton spokesman declined further comment. There is no investigation currently in the U.S. regarding the Benettons. Tommaso and Francesco Buti, who were arrested three years ago for mismanagement of the Fashion Café chain, are also being investigated in the same inquest.
THIRD TIME LUCKY?: It’s no secret that Harrods has been having problems hanging onto its managers, so it came as no surprise that the post of managing director changed once again this week. Max Rigelman, chief executive and managing director of Kurt Geiger, which operates the footwear concessions in Harrods, Selfridges, Liberty of London and a string of company-owned stores, has replaced Marty Wikstrom, who took over the post in November 2001. Wikstrom, a former Nordstrom executive, had overseen Harrods’ plan to renovate and reposition the Knightsbridge store, making it more appealing to London shoppers and less reliant on tourists. According to a Harrods statement, she left the business after her contract ended. Rigelman will remain the chief executive of Kurt Geiger.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty