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.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews