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.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion