In Brief: Wal-Mart Slides … Perry Goes Tropical … New Post at Testoni
WAL-MART SLIDES: Wal-Mart slipped into fourth place from first place the last two years in Fortune’s annual ranking of “America’s Most Admired Companies.” Taking over the first-place slot was Dell (which last...
WAL-MART SLIDES: Wal-Mart slipped into fourth place from first place the last two years in Fortune’s annual ranking of “America’s Most Admired Companies.” Taking over the first-place slot was Dell (which last year came in at number five), followed by GE at number two and Starbucks in third place. Asked if Wal-Mart was disappointed about its downgrade, Dan Fogleman, a spokesman for the Bentonville, Ark.-based retailer, said, “We’ve been fortunate to have had that [first-place] position for the last two years. Our associates are very honored to have that distinction. We’re very pleased for this year’s winner. We hope the associates there enjoy the fruits of their labor as we have.” In the same issue, Fortune ranked most-admired companies within various industries, and in apparel, Liz Claiborne took top honors, followed by Nike, VF, Polo Ralph Lauren, Jones Apparel Group, Reebok International, Kellwood, Phillips-Van Heusen, Levi Strauss and Warnaco. Some 10,000 executives, directors and security analysts were surveyed for the issue, which hit newsstands Monday.
PERRY GOES TROPICAL: Perry Ellis International Inc. said Monday it had completed its $88.5 million acquisition of the domestic operating assets of Tropical Sportswear International. The purchase price might still be adjusted to reflect Tropical’s accounts receivable and inventory. Since December, Tropical has been operating under Chapter 11 protection. To fund the acquisition, PEI increased the size of its senior credit facility, the agent for which is Congress Financial. The facility was bumped up to $175 million from $110 million and expires in October 2007.
NEW POST AT TESTONI: A. Testoni, the Bologna, Italy-based accessories firm, has appointed Takashi Fukae as a group vice president, East Asia. Until December, Fukae was managing director and chief operating officer of Bulgari Japan Ltd. The Asian market is a strong sector for Testoni, and Fukae’s appointment is part of the company’s efforts to reinforce and centralize top management in conjunction with the brand’s relaunch.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)