NIKE BUYBACK: Nike Inc. said Monday that its board has approved a four-year, $3 billion share repurchase agreement. In addition, the company expects to complete within a few weeks the four-year, $1.5 billion share repurchase program that the board approved in June 2004. “The completion of our previous $1.5 billion program two years ahead of schedule is a testament to our confidence in the long-term growth prospects for our company,” Nike chairman Philip H. Knight said in a statement. “By doubling the size of the new authorization to $3 billion, we are confident in the strength of our cash flow.”
BULOVA PROMOTION: Bulova Corp. has promoted Gary Simon to executive vice president of sales, a new position at the watch firm. Simon has been with Bulova since 1997. He most recently was regional vice president for the Western region. Simon reports to Tom Fosorile, senior vice president of sales, and is responsible for coordinating and directing sales and marketing efforts for Bulova’s regional and chain accounts. He will continue to direct sales for the Western region and assist in coordinating field sales activities.
SWISS ARMY MOVES: Swiss Army Brands Inc. has begun construction on its new North American headquarters at 7 Victoria Drive in Monroe, Conn. The building, which is expected to span more than 165,000 square feet on 26 acres, will house the firm’s corporate offices and warehouse facilities. The firm has been headquartered in Shelton, Conn., for the past 30 years. The new building is expected to be completed in January 2007 and cost $26 million. Swiss Army, a wholly owned subsidiary of Victorinox AG, in Ibach, Switzerland, makes watches, apparel, multifunctional tools and cutlery. The firm also expects to open a 15,000-square-foot showroom on Greene Street in New York this summer.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)