In Brief: No Spiegel Stock … New at North Face … Surf’s Up …
NO SPIEGEL STOCK: The bankrupt Spiegel Group said Monday it entered into an order pursuant to an “offer of settlement” with the Securities and Exchange Commission, an offer that came about because of a pending investigation by the...
NO SPIEGEL STOCK: The bankrupt Spiegel Group said Monday it entered into an order pursuant to an “offer of settlement” with the Securities and Exchange Commission, an offer that came about because of a pending investigation by the SEC. Under the terms of the order entered on Friday, the registration of shares of the company’s “Class A” common shares were immediately revoked. As a result, no national securities exchange member or dealer can buy or sell shares of Spiegel. With the revocation of the shares, Spiegel will no longer be required to file annual or quarterly financial statements.
NEW AT NORTH FACE: VF Corp. has promoted two executives at its The North Face division. Steve Rendle, 44, has been named president of the brand for the Americas. He had served as vice president of sales. Todd Spaletto, 32, has filled his old post. Formerly, he had been national sales director for the brand. Rendle reports to Mike Egeck, president of VF’s Outdoor business for the Americas. Spaletto reports to Rendle. Egeck had held the post of president of the North Face brand prior to being promoted to his current role in May.
SURF’S UP: Quiksilver Inc., the California-based surfwear company, has acquired the Paris outdoor specialty chain Andaska. The retailer, which has three stores in the French capital, had filed for bankruptcy protection in a French court. A spokeswoman for Quiksilver said the acquisition will enable the brand to bolster its profile in Paris, where it already operates five stores. Terms of the deal were not disclosed. Quiksilver also operates the Roxy label and bought DC Shoes in March.
ON BOARD: Robert Fisch, president and chief executive officer of Rue 21, the 185-unit specialty chain, has been elected to the board of The Children’s Place and appointed to the audit committee. Before Rue 21, Fisch was president of Casual Corner Group Inc., president and ceo of T.H. Mandy and a senior vice president at Jordan Marsh. Fisch replaces David Oddi, who did not stand for re-election to The Children’s Place board due to time constraints. The Children’s Place operates 711 stores.OP MOVES: Ocean Pacific Apparel Corp. and its master apparel licensee, Ray’s Apparel, have announced a trio of executive hires. Irvine, Calif.-based Op named Todd Juneau to be marketing director, replacing Will Irons, who left the company for family reasons. Juneau oversees overall marketing and advertising functions and reports to Michael Marckx, vice president of marketing and advertising. Ray’s, also based in Irvine, appointed Vyto Palionis to the new position of president of Op’s young men’s and junior division, overseeing product development, domestic sales and distribution. He reports to Ray’s president, Jim Stark. Ray’s also named Michele Carver to the new position of vice president of sales for Op’s junior and girls’ apparel division, overseeing product design, merchandising and sales.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast