ULRICH’S PAYDAY: Target Corp.’s chairman and chief executive, Robert Ulrich, took home a total of $7 million last year, a 15.4 percent increase, according to filings with the Securities and Exchange Commission. While the executive’s base salary inched up only slightly to $1.4 million, his bonus weighed in at $4.6 million, or 24.3 percent higher than in 2001. Other compensation also rose modestly to $947,000. Last year was also an up year for Target’s vital financial statistics as earnings shot ahead 20.9 percent to $1.65 billion, or $1.81 a diluted share. Revenues advanced 10.3 percent to $43.92 billion.

LACROIX LINGERIE: Christian Lacroix, the French couturier known for his lavish ornamentation and vivid color, is set to apply his rich aesthetic to lingerie. The designer on Monday announced a five-year licensing deal with Societe Internationale de Lingerie, or SIL, to produce Lacroix-branded innerwear. The collection, a first for Lacroix in the category, will bow at retail for spring 2004. SIL already produces lingerie under license for Christian Dior and Cacharel.

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