In Brief: Tiffany Rumblings … Ralph Sets Record … Heads Up …
TIFFANY RUMBLINGS: Shares of Tiffany & Co. gained 3.26 percent, or $1.05, to close Wednesday at $33.26 in New York Stock Exchange trading amid speculation that a sale of the company might be in the works. Richemont AG, the Swiss...
TIFFANY RUMBLINGS: Shares of Tiffany & Co. gained 3.26 percent, or $1.05, to close Wednesday at $33.26 in New York Stock Exchange trading amid speculation that a sale of the company might be in the works. Richemont AG, the Swiss firm that owns luxury goods brands such as Cartier, is said to be pondering a play for Tiffany, sources said. Shares of the luxury retailer in March also saw increased activity, again due to market gossip that it might be acquired.
RALPH SETS RECORD: On Tuesday, Ralph Lauren pledged to donate $110,000 to the Abyssinian Development Corp., setting a new record for the organization, which works for the revitalization of Harlem. Lauren's donation enabled the corporation to make its goal of raising $1 million. The group gave Lauren a Renaissance Award at its annual leadership breakfast on Tuesday.
HEADS UP: Karen Forray has joined New York-based executive search firm Martens & Heads as managing director. Forray joins the firm, founded in January 2004 by recruitment executive Maxine Martens, from E.A. Hughes & Co., where she was executive vice president. Before that, Forray ran her own executive search firm.
FOOT LOCKER SHIFT: Foot Locker Inc. said Wednesday it has named Keith Daly president and chief executive officer of its European division. Daly had been president and ceo of Lady Foot Locker, and is succeeded by Marla Anderson, who had been executive vice president and general merchandise manager for footwear at Foot Locker U.S./Kids Foot Locker/Footaction.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.