Nautica Enterprises expects to spend up to $1 million to fight a proxy battle against a group of dissident shareholders. The New York-based firm already has spent $200,000 opposing the investment group, according to a...
Nautica Enterprises expects to spend up to $1 million to fight a proxy battle against a group of dissident shareholders. The New York-based firm already has spent $200,000 opposing the investment group, according to a supplement to its proxy statement that Nautica filed with the Securities and Exchange Commission Monday. While supporting reelection of Nautica chief executive Harvey Sanders and vice chairman David Chu, the investor group, led by Barington Companies Equity Partners, last week nominated three of its own directors — William Fox, James Mitarotonda and former Macy’s West chief Michael Steinberg — to replace other incumbent directors, including designer John Varvatos, and explore ways to enhance shareholder value, including a possible sale of the firm. Consulting company MacKenzie Partners has been hired by Nautica to help solicit proxies and will be paid between $50,000 and $125,000, according to the supplement. Barington is using D.F. King and Georgeson Shareholder Communications to help it solicit proxies, according to its own SEC filing made last Tuesday. Mitarotonda and Seymour Holtzman, two executives associated with the Barington group, helped oust boards at Liquid Audio and the Casual Male, formerly Designs Inc. Proxies will be tallied at Nautica’s annual meeting, scheduled to be held in New York on July 8.
ST. JOHN STRATEGY:
St. John Knits International Inc. has named Robin Orlick Bull to the new post of senior vice president of strategic planning and licensing. Bull reports to Kelly Gray and Bruce Fetter, co-chief executives of Irvine, Calif.-based St. John. She oversees worldwide licensing and the company’s push into new product sectors — possibly eyewear, intimates and fragrances — and other ventures for its brands. Most recently, Bull served as interim chief financial officer for Dolce & Gabbana USA. Past positions also include her role as senior vice president of licensing for Calvin Klein Inc. and a consultant at PricewaterhouseCoopers’s Management Horizons consulting organization.
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
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye