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.
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