In Brief: Stocking up on Jones … Chanel Taps Van Cleef Exec … Fakers Foiled …
STOCKING UP ON JONES:
Shares of Jones Apparel Group Inc. shot up $1.70, or 6.1 percent, to close at $29.40 in New York Stock Exchange action Tuesday after Merrill Lynch analyst Virginia Genereux, in a morning research note, upgraded the...
Shares of Jones Apparel Group Inc. shot up $1.70, or 6.1 percent, to close at $29.40 in New York Stock Exchange action Tuesday after Merrill Lynch analyst Virginia Genereux, in a morning research note, upgraded the firm’s stock to “buy” from “neutral.” Genereux noted, “The ‘uncertainty overhang’ relating to the Polo [Ralph Lauren Corp.] licenses has been removed….Jones managed the Polo license situation extremely well from a shareholder perspective, and we think investors will come to view Jones’ exit from the Lauren business as a good thing.” She added, “Jones should be able to retain a material portion of the Lauren square footage, because department stores trust its expertise.” As reported, last week Jones walked away from the contested Lauren by Ralph Lauren license and sued Polo and former Jones president Jackwyn Nemerov.
CHANEL TAPS VAN CLEEF EXEC:
Chanel Inc. has appointed Marc Hruschka as vice president for watches and fine jewelry. Hruschka, who begins at Chanel on Monday, joins from luxury jeweler Van Cleef & Arpels, where he held the post of vice president of retail merchandising, marketing, wholesale and communications. He succeeds Maggy Siegel, who left last February to become president and chief executive officer of the Judith Leiber brand. Hruschka will oversee the wholesale and retail businesses for Chanel’s watch and fine jewelry division. In the U.S., Chanel has eight fine jewelry and watch boutiques, including a unit on Madison Avenue in Manhattan and two in Hawaii.
Over 100,000 counterfeit Versace ready-to-wear items were confiscated Saturday in a massive seizure by federal and local authorities, in five counties in southern California, as well as in Fresno, Calif. and Phoenix. It was the biggest bust of fake Versace merchandise in the history of the fashion house. There were 75 seizures in different locations. News of the big bust was announced Tuesday by the U.S. Federal Marshall’s office in Los Angeles and by Gianni Versace SpA.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye