SARA LEE TO TAKE CHARGE: Sara Lee Corp. warned Wall Street Wednesday that it would take a pretax charge of $122 million in its fiscal fourth quarter relating to the streamlining of its business announced earlier this year. “We are making the tough choices necessary to improve operational efficiency, reduce our cost structure and move the company forward,” said Brenda C. Barnes, president and chief executive officer of Sara Lee, in a statement. The charge includes $113 million worth of severance payouts due to the termination of 1,956 employees from its branded apparel, beverage and household products units. About $9 million of the charge relates to exiting leases and other contracts. “All of these actions will result in cash expenditures and are expected to be completed in fiscal 2006,” the company said. “The after-tax impact of this charge is $81 million.”
KELLWOOD HIRE: Melanie Reichler has been named senior vice president of sourcing for Kellwood Co.’s Sag Harbor brand. She succeeds Gary Jastrow, formerly senior vice president of manufacturing, who left the company. Reichler was vice president of manufacturing at Michael Kors. Before that, she was senior vice president of manufacturing at Tommy Hilfiger women’s. She also held executive posts with DKNY Jeans, Polo Jeans Co., Liz Claiborne and Polo Ralph Lauren Corp. Based in New York, Reichler reports to Paul Robb, chief executive officer of Sag Harbor.
BURMA BAN: The Senate voted 97-1 Tuesday to extend a ban on all U.S. imports from Myanmar, formerly known as Burma, after House approval of the ban on June 21. President Bush signed a bill banning all imports — the bulk were garments — in July 2003 in response to a crackdown by the country’s military dictatorship on the democratically elected opposition. Deteriorating human rights conditions had prompted U.S. retailers and apparel importers to voluntarily halt business with Myanmar, where the military invested in garment production.
QUIKSILVER VOLLEY: Quiksilver Inc. has signed a deal with the AVP Pro Beach Volleyball Tour to sponsor the AVP’s first youth initiative. Quiksilver will sponsor 20 youth events around the U.S., including clinics, camps and tournaments, and will also have co-branded products on site at each event.
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)
@badgalriri’s @fentybeauty launch in September was a massive success on social media, powering $72.9 million of earned media value, according to Tribe Dynamics. The brand’s foundation offering sparked conversations about diversity in beauty, launching the growth of emerging influencers and propelling the brand’s support on social media. Today, #fentybeauty won Launch of the Year at the WWD #BeautyIncAwards. (📷: Chema Moya/EPE-EFE)
@marianna_hewitt has become one of the most influential content creators in the beauty space, with almost 800,000 Instagram followers and a newly launched skin care line called @SummerFridays. Today, she was awarded Influencer of the Year at the WWD #BeautyIncAwards. (📸: @sophiachabbott )
As shopping behaviors evolve, the retail experience must follow. Head over to retail experts @colliersinternational’s Knowledge Leader series to read more about the shift in our shopping era. #colliersretail #lovecolliers
@prada opened a pop-up club, called Prada Double Club, in collaboration with German artist Cartsen Höller at @artbasel Miami. Last night, guests – including @youngparis, @ritaora and even Miuccia Prada herself – gathered in a former ice factory where the pop-up is housed for a performance from @wyclefjean. Go to WWD.com for full coverage on all the exhibits, parties and more at #ArtBaselMiami. #wwdeye (📷: @lexieblacklock)
@louboutinworld and @disney are making magic once again, creating a set of shoe designs for the release of “Star Wars: The Last Jedi.” Louboutin designed a pair of shoes for each of the film’s four female leads: Rey (@daisyridrey), Vice Admiral Amilyn Holdo (@lauradern), Captain Phasma (Gwendoline Christie) and Rose Tico (@kellymarietran). The shoes will debut on Saturday at the L.A. premiere of the latest episode. #wwdfashion
Today at the #BeautyIncAwards 2017, WWD will be joined by beauty leaders from around the world as we honor this year's most innovative people, products, brands and places. Follow along here and on Twitter for live coverage from the exclusive event. #wwdsummits (📷: @elizaflorendo)
Exclusive: Beauty superinfluencer @marianna_hewitt is launching her first-ever skin care brand with her business partner @laurengores. Their new line Summer Fridays, which will be sold exclusively at summerfridays.com starting in January, is launching with just one product – a hydrating cream Jet Lag Mask. “We wanted to focus on one product that was amazing,” said Hewitt. Read the full interview on WWD.com. Link in bio. #wwdbeauty #wwdnews
Michelin star-rated chef PJ Calapa marks his first solo endeavor with today’s opening of @scampinyc –– the new Southern Italian restaurant located in Manhattans’ Flatiron District. The upscale yet welcoming environment matches the menu, which includes two types of scampi: traditional Italian langoustines in butter and the Americanized version with shrimp over pasta 🍤 - pictured here. #wwdeye (📷: George Chinsee)