In Brief: PPR Sale … Dockers Goes Tops … Taubman Taps Ullman …
PPR SALE: French distribution giant Pinault-Printemps-Redoute on Thursday said it would sell its Pinault Bois & Materiaux wood and construction supplies division for $615.9 million to Britain’s Wolseley construction group. As reported, PPR,...
PPR SALE: French distribution giant Pinault-Printemps-Redoute on Thursday said it would sell its Pinault Bois & Materiaux wood and construction supplies division for $615.9 million to Britain’s Wolseley construction group. As reported, PPR, controlled by French magnate François Pinault, has been shedding its business-to-business activities in favor of its higher-margin retail and luxury holdings. PPR controls 61 percent of Italy’s Gucci group. The sale of Pinault Bois holds symbolic value as Pinault’s core property when he began to assemble his group, which spans the Fnac music and book chain and the Printemps department stores. PPR has already shed its Guilbert office supplies division and Finaref and Facet consumer credit units. It is also expected to divest its Rexel electrical equipment supplier.
DOCKERS GOES TOPS: Dockers has entered into a licensing agreement with Kellwood Co. in which Kellwood will design and produce a full range of women’s tops, including knits, wovens, sweaters and blazers for misses’ and petite consumers under the Dockers For Women label in the U.S. The new tops collection will be distributed in department, chain and specialty stores nationwide starting in fall 2004.
TAUBMAN TAPS ULLMAN: Myron E. "Mike" Ullman 3rd has joined the board of Taubman Centers Inc. As the ninth independent member of the board, Ullman fills a vacancy in the class of directors whose term will expire in 2005. Ullman could be helpful in Taubman’s efforts to thwart the $1.7 billion, or $20 per share, all-cash takeover offer from Simon Property Group, considering his experience in corporate takeovers. He was chief executive at R.H. Macy & Co. in the early Nineties, and fought hard, but unsuccessfully, to block Federated Department Stores’ takeover of Macy’s. At Taubman, Ullman also will be a member of the board’s audit committee. Ullman is co-chairman of Global Crossing Limited, and has retired from full-time corporate activity. During the past 15 years, he held top positions at Wharf Holdings Ltd., DFS Group Ltd., LVMH Moët Hennessy Louis Vuitton and De Beers LV. He was recently appointed to the board of Starbucks Coffee Co. Taubman Centers, a real estate investment trust, owns and/or manages 30 shopping centers in 13 states.
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)