PVH UPS GUIDANCE: Because of the company's strong third-quarter performance, Phillips-Van Heusen Corp. updated its revenue estimates and raised earnings guidance for the fourth quarter and fiscal year 2005. Fourth-quarter revenues are expected in the $470 million to $475 million range, an increase of 14 to 15 percent over last year's fourth quarter. Diluted net income per share for the quarter is estimated to be 35 cents to 37 cents, an increase of 25 to 32 percent compared with the prior year, excluding restructuring and other items, and a 7 to 9 cent increase over prior guidance. For fiscal year 2005, PVH is currently estimating revenues in the range of $1.92 billion to $1.93 billion, an increase of 17 percent over the prior year. Diluted net income per share for the year is now expected to be $1.97 to $1.99, excluding the costs associated with PVH's secondary offering in July 2005. The revised earnings per share for the year represents an increase of 7 to 9 cents over PVH's prior EPS guidance of $1.90.
TRADE APPOINTMENT: Everett Eissenstat was named Assistant U.S. Trade Representative for the Americas, with responsibility for developing and implementing trade policy in the region. Eissenstat, who will take on his new role Tuesday, had been chief international trade counsel to the chairman of the Senate finance committee, Sen. Chuck Grassley (R., Iowa). He was previously legislative director for Rep. Jim Kolbe (R., Ariz.) as well as a special assistant in the office of the Western Hemisphere within the USTR's office.
COAT BUY: Herman Kay Bromley Inc., which specializes in wool and casual outerwear, has acquired Avanti Leather Group, a designer, manufacturer and distributor of women's leather outerwear, for an undisclosed sum. Some of Avanti's licenses are Jones New York and XOXO. The transaction is effective immediately, for fall merchandise. Avanti's former owners, Stephen Bass, Russel Windler and Larry Windler, will stay on in management roles. The 65-year-old, privately held Herman Kay Bromley Inc. produces outerwear for the Anne Klein New York, Anne Klein, AK Anne Klein, Michael Kors, Michael Michael Kors, JLo, Albert Nipon and Rockport brands.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)