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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus