SAKS CHANGES: Continuing to downsize its corporate office in Birmingham, Ala., in the wake of sell-offs, Saks Inc. said three executive vice presidents — Douglas E. Coltharp, chief financial officer; Kevin G. Wills, finance and chief accounting officer, and Charles J. Hansen, general counsel — will resign on May 4. At that time, Michael G. Archbold will become executive vice president and chief financial officer, assuming responsibilities handled by Coltharp and Wills. Archbold is currently chief financial and administrative officer for Saks Fifth Avenue Enterprises. A search for Hansen’s replacement is under way. Saks Inc. recently sold Parisian and its Southern Department Store Group to Belk Inc. and its Northern Department Store Group, consisting of Carson Pirie Scott, to the Bon-Ton Stores Inc., to focus on Saks Fifth Avenue Enterprises. Corporate executive functions are being folded into the Saks offices in Manhattan.
ARMANI IPO A NO-GO: A Giorgio Armani SpA spokesman Monday denied an Italian press report suggesting the firm is preparing to list shares on the stock market. “Any meetings that we may be having with members of the financial community are simply part of our overall approach of providing information in an open and professional way to those who follow our sector as exemplified by the way in which we publish our annual report,” the spokesman said. The article, which ran in Monday’s Corriere Della Sera, said Armani has been in contact with both Morgan Stanley and Merrill Lynch regarding a stock market float. The paper cited unnamed sources valuing Armani between 3.5 billion euros, or $4.42 billion, and 5 billion euros, or $6.31 billion.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion