In Brief: The Online Crew…Executive Affair…Tiffany’s Pacific Bonding
THE ONLINE CREW:
Roxane Al-Fayez will join J. Crew on Oct. 20 in the new post of vice president of catalog and e-commerce, reporting to Millard Drexler, chairman and chief executive officer. Al-Fayez spent six years at Gap Inc., most...
Roxane Al-Fayez will join J. Crew on Oct. 20 in the new post of vice president of catalog and e-commerce, reporting to Millard Drexler, chairman and chief executive officer. Al-Fayez spent six years at Gap Inc., most recently as vice president of operations for Gap Direct. Prior to that, she spent nine years at Victoria’s Secret, where her last post was executive vice president of circulation and international.
EXECUTIVE AFFAIR: François Pinault wants to clear the air. The French tycoon, who controls retailer Pinault-Printemps-Redoute and Italy’s Gucci Group, on Tuesday issued a statement asking for a parliamentary investigation into his dealings in the Executive Life affair. Pinault faces charges in the U.S. district court in Los Angeles brought by the California insurance commissioner alleging he broke the law when he acquired the failed California insurer’s junk-bond portfolio from French bank Credit Lyonnais. In a related development last month, Credit Lyonnais offered a $545 million settlement to prosecutors over allegations that it fraudulently acquired Executive Life. California law at the time forbade banks from controlling insurance companies. Pinault, who has denied any wrongdoing, said he and his collaborators at Artemis, his family holding firm, would cooperate fully in an eventual parliamentary probe.
TIFFANY’S PACIFIC BONDING:
Tiffany & Co. Japan Inc., an indirect wholly owned subsidiary of Tiffany & Co., has completed the sale of $134.5 million in yen-denominated bonds due in 2010. (Dollar figures have been converted from 15 billion yen at current exchange.) The bonds, open to qualified institutional investors in Japan, have a seven-year bullet maturity and a fixed-interest coupon rate of 2.02 percent. The bonds are senior unsecured obligations of Tiffany & Co. and are unconditionally guaranteed by the parent firm. Proceeds from the sale primarily will be used to repay the short-term debt incurred from the purchase on June 30 of the land and building housing Tiffany’s flagship site in Tokyo.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“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