PRICE-FIXING PLEA: Carlton Gary Walker, a former vice president with Harriet & Henderson Yarns Inc. of Henderson, N.C., pleaded guilty to price fixing and agreed to help federal officials in a wider price-fixing inquiry dating to...
PRICE-FIXING PLEA: Carlton Gary Walker, a former vice president with Harriet & Henderson Yarns Inc. of Henderson, N.C., pleaded guilty to price fixing and agreed to help federal officials in a wider price-fixing inquiry dating to 2000, the Justice Department said Thursday. Walker was charged with conspiring with unnamed “corporations and individuals,” according to documents filed in U.S. District Court in Raleigh, N.C. The price fixing involved spun yarn and started in October 2000 and continued until June 15, 2001, in violation of U.S. antitrust laws protecting competition. Walker pleaded guilty to one count of violating the Sherman Act, which carries a maximum penalty of three years imprisonment and a $350,000 fine. The Justice Department in a statement asked “for anyone with information concerning price fixing in the yarn industry” to contact federal prosecutors.
GAP MAKES THE GRADE: Standard & Poor’s Rating Services lifted its corporate credit and senior unsecured debt ratings on Gap Inc. to “BBB-” from “BB+” with a stable outlook, citing the company’s strong cash flow, improved operating margin, store location geographic diversity and “strong business position in casual apparel.” Analyst Diane Shand said Thursday that she expects “cash flow protection measures will remain solidly characteristic of investment-grade levels.” Shand cited the depth of Gap’s management team and believes the company has put processes in place to minimize a decline in business. The analyst was cautious, however, on the “intensely competitive” industry environment Gap operates in, which was partially reflected by its flat same-store sales in 2004.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty