In Brief: Wal-Mart … Reweaving Cotton … Sales Fall
WAL-MART PROBE: Jared Bowen, the fired Wal-Mart executive who sparked an investigation of former vice chairman Thomas Coughlin by bringing suspicious expense reports to the attention of superiors, has asked U.S, prosecutors to...
WAL-MART PROBE: Jared Bowen, the fired Wal-Mart executive who sparked an investigation of former vice chairman Thomas Coughlin by bringing suspicious expense reports to the attention of superiors, has asked U.S, prosecutors to investigate whether Wal-Mart violated federal statues protecting whistleblowers. The retailer dismissed Bowen on March 30, a week after ousting Coughlin from the board over allegations that he had fraudulently spent as much as $500,000 in company funds. Bowen will also ask Wal-Mart’s board to review the matter, said his lawyer Steve Kardell, of Dallas-based Clouse Dunn Hirsch LLP. Kardell said Wal-Mart attorneys told Bowen he was fired for failing to mention obtaining a cell phone for Tim Coughlin, Thomas Coughlin’s brother, who works in Wal-Mart’s corporate compliance office. Wal-Mart did not immediately return a call for comment. Bowen, has been interviewed by the FBI as part of a grand jury investigation of Thomas Coughlin.
REWEAVING COTTON: Fiber-promotions organization Cotton Inc. this week made a pair of management changes following the retirement of Dean Pelczar, who was senior director of global product marketing. Mike Tyndall, 55, was promoted to senior director of Latin America and Europe, and Mark Kametches, 39, was named associate director for North American marketing. They both report to Dean Turner, senior vice president of global product marketing. Tyndall last served as senior director of global product marketing, while Kametches had been manager of Americas mill marketing. Pelczar, 61, had spent more than 25 years with the Cary, N.C.-based company.
SALES FALL: Groupe Galeries Lafayette on Wednesday said first-quarter revenues declined 1.4 percent to 1.23 billion euros, or $1.61 billion at average exchange, due to soft spending at home in France. The retailer said sales declined 2.3 percent at its core Galeries Lafayette department stores. But it said sales at its flagship Boulevard Haussmann unit climbed 2.7 percent, boosted by the opening of a new children’s department. In separate news, the firm announced the departure of the members of the Meyer family from the board. It said that Ginette Moulin would replace Leone Noelle Meyer as chairman of the supervisory board. In March, the Moulin family teamed up with French bank BNP Paribas to buy out the 29.5 percent share held by the Meyers.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews