In Brief: Money Man…Spiegel’s Win…Burgeoning Burani…
Gottschalks Inc. tapped J. Gregory Ambro as chief administrative and financial officer, succeeding Michael Geele, who resigned “to pursue other opportunities” on Oct. 3. Kevin Bradshaw, vice president of finance,...
Gottschalks Inc. tapped J. Gregory Ambro as chief administrative and financial officer, succeeding Michael Geele, who resigned “to pursue other opportunities” on Oct. 3. Kevin Bradshaw, vice president of finance, had taken over the company’s cfo responsibilities during the search for Geele’s replacement. Ambro comes to Gottschalks with 25 years of experience. Most recently, he was senior vice president and cfo of the now-defunct Bradlees. He also held cfo and real estate positions at Marshalls Inc. and May Department Stores Co. The Fresno, Calif.-based Gottschalks operates 75 units, mainly in California, that posted sales of $150 million in the second quarter of fiscal 2003. Net income was $25,000 in the quarter, reversing a net loss of $2.1 million the year prior. Third-quarter earnings will be released on Nov. 25. Ambro starts Thursday and reports to chief executive officer Jim Famalette.
Bankrupt Spiegel Inc. on Tuesday received Manhattan bankruptcy court approval to open up to 17 Eddie Bauer stores and delay the filing of a Chapter 11 reorganization plan until Feb. 10. Store openings are an unusual move for firms in bankruptcy. In court documents, Bauer already has negotiated leases for three new sites: Colorado Springs, Colo.; South Windsor, Conn., and Lee, Mass. Four other stores are planned: one each in Alberta, Canada; Alderwood, Wash.; Short Pump, Va., and Troutdale, Ore. The remaining 10 locations have yet to be specified.
Mariella Burani Fashion Group is back on the acquisition trail. The firm has boughtknitwear company Le Tricot Perugia SpA in a transaction valued at $6.31 million, or 5.37 million euros in local currency. Brescia, Italy-based holding company Hopa is selling Le Tricot Perugia and in exchange will buy a 5 percent stake in Mariella Burani. Hopa will purchase half of its stake from the Burani family and the other half on the stock market. Mariella Burani said the deal initiates a partnership between itself and Hopa, which can provide strategic and financial support. Le Tricot Perugia posted 2002 sales of $14.12 million (12 million euro).
Early holiday shopping vaulted e-tailers into nine of the 10 Web site sectors that gained the most visitors in October, with department store sites setting the pace, comScore Media Metrix said Tuesday. Department store sites saw shoppers balloon 25 percent to 30.6 million people, or 20 percent of the country’s 150.2 million Internet users, from 24.4 million shoppers a year ago. Beauty e-tailers ranked third, with an increase of 14 percent to 9.8 million visitors, from 8.6 million, and apparel e-commerce sites placed fifth, as traffic accelerated 12.1 percent to 37.8 million people, from 33.7 million. Those visitors made the apparel sites second only to e-card sites in the number of users they drew. The e-card sites lured 38 million people, up 10.1 percent from 34.5 million last October, marking the sixth-biggest increase in online users last month.
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