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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)