• 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 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.

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