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.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye