In Brief: No Bonus For Drexler … Guess Goes Hollywood … To A New Sector
NO BONUS FOR DREXLER: J. Crew Group Inc. said in an April 12 filing with the Securities and Exchange Commission that chief executive officer Millard Drexler did not receive a cash bonus based on the company’s fiscal year 2004...
NO BONUS FOR DREXLER: J. Crew Group Inc. said in an April 12 filing with the Securities and Exchange Commission that chief executive officer Millard Drexler did not receive a cash bonus based on the company’s fiscal year 2004 financial results when operating profits rose to $20 million from $1 million in the prior year. However, the following executives did receive annual bonuses: Jeffrey Pfeifle, president, $500,000; Tracy Gardner, executive vice president, merchandising, planning and production, $300,000; Roxane Al-Fayez, executive vice president of e-commerce and catalog, $250,000, and Scott Hyatt, senior vice president of production, $160,000. J. Crew’s compensation committee also approved base salary increases for each of those executives, including Drexler, for fiscal year 2005, which range up to 12.5 percent, the filing said. It is unclear from the filing why Drexler did not receive a bonus in 2004. The company could not be reached for comment.
GUESS GOES HOLLYWOOD: One week after completion of the sale of Metro-Goldwyn Mayer Inc., Guess nominated the former chief executive officer of the movie studio to its board. Alex Yemenidjian, who was also MGM’s board chairman, left the company that billionaire Kirk Kerkorian sold to a consortium led by Japan’s Sony Corp. for about $4.9 billion. Yemenidjian, 49, is a director of casino operator MGM Mirage, a position he has held since 1989. His election will be at Guess’ annual shareholder meeting on May 10.
TO A NEW SECTOR: Italian fashion and sport watch company Sector Group has named Gianni Pieraccioni as global chief executive officer, replacing Lucio Quinzio Leonelli, who will remain president. Based in Milan, Pieraccioni was managing director of Johnson & Johnson’s personal and health care division for seven years. He also held positions at Pepsico and Procter & Gamble. In the U.S., Sebastiano Di Bari has been promoted to the new post of managing director of New York-based Sector Group USA. Di Bari will lead U.S. operations and report to Pieraccioni. Di Bari joined the company in 2004 as executive vice president of finance and operations. Sector licenses include Roberto Cavalli, Just Cavalli, Moschino, Valentino, United Colors of Benetton and Sisley.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)