In Brief: Talbots Promotes…Ebay’s New Connection…Community Kudos…Bluefly Boost
The Talbots Inc. promoted Peter Delahunt to the new position of vice president, financial planning and analysis. Delahunt, who joined the Hingham, Mass.-based specialty retailer in 1992, most recently served as...
The Talbots Inc. promoted Peter Delahunt to the new position of vice president, financial planning and analysis. Delahunt, who joined the Hingham, Mass.-based specialty retailer in 1992, most recently served as director of financial planning and analysis. He reports to Edward Larsen, senior vice president, finance and chief financial officer. “Peter’s proven ability in developing and managing the company’s financial planning and budgeting process has enabled us to consistently maintain strong profitability levels over the years,” commented Arnold Zetcher, chairman and chief executive, in a statement.
EBAY’S NEW CONNECTION:
Internet auction giant eBay has promoted Robin Abrams to the posts of president and chief executive officer of Connection to eBay, a venture with Accenture, which hooks up businesses aiming to unload large amounts of excess inventory with eBay’s online marketplace. In her new role, Abrams is charged with signing new clients and strengthening operations. Abrams, who joined Connection to eBay in May as executive vice president of sales and marketing, succeeds Kevin Reedy, who was ceo and founder of the unit launched last year. Prior to joining eBay, Abrams served as ceo of Palm Computing and president and ceo of VeriFone. More recently, she was chief operating officer of business-to-business marketplace provider Ventro Corp.
Ron Klein, chairman and chief executive of Rich’s/Lazarus/Goldsmith’s-Macy’s, will be honored with the “community service award” at a benefit for the Lubavitch Youth Organization on Nov. 11 at the Sheraton New York. Steve Forbes, president and ceo of Forbes Inc. and editor in chief of Forbes Magazine, will be the guest speaker. Co-chairs are Michael Steinberg, former chairman and ceo of Macy’s West, and Janet Grove, chairman and ceo of Federated Merchandising Group.
Shares of Bluefly Inc. skyrocketed 26.8 percent Monday after George Soros invested an additional $2 million in the firm. Shares closed at $1.79, up 38 cents, and reached a 52-week high of $1.90 in intraday trading on the Nasdaq. Bluefly received yet another shot in the arm from affiliates of Soros Private Equity Partners, lifting its investment to date in the New York-based online discount retailer to approximately $55 million. Soros now owns approximately 75.5 percent of the company’s equity on a fully diluted basis and approximately 89.8 percent of the company’s outstanding equity. Terms of the latest deal mirrored a similar debt/equity investment last July. Bluefly issued $2 million of convertible promissory notes that carry a 12 percent interest rate and mature next April. The notes, together with any accrued interest, are convertible into equity in any subsequent round of financing at the holder’s option and at an amount equal to the lowest price per share accepted by any shareholder during the transaction.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia