In Brief: Winter Banana…Levi’s Offers Motherlodge…Tax-ing Decision
Banana Republic has signed a lease for an 8,000-square-foot street-level space in the Winter Garden at Three World Financial Center, according to the landlord, Brookfield Properties Corp. The store is expected to open in...
Banana Republic has signed a lease for an 8,000-square-foot street-level space in the Winter Garden at Three World Financial Center, according to the landlord, Brookfield Properties Corp. The store is expected to open in February. Rizzoli previously occupied the site, but closed the store before Sept. 11, 2001. Banana Republic was represented by Steve Asch of Newmark/New Spectrum. Brookfield was represented by Ed Hogan of Brookfield, which has a portfolio of 47 commercial properties and development sites totaling 46 million square feet, including the 14-acre World Financial Center in New York and BCE Place in Toronto.
LEVI’S OFFERS MOTHERLODE: For the holiday shopping season, Levi Strauss & Co. is conducting a “Motherlode” sweepstakes that will give consumers who purchase Levi’s and Dockers products a chance to win between $50,000 and $10 million. The contest, which will be promoted in TV and print ads, enrolls shoppers who use retailers’ private label credit cards, including Kohl’s, J.C. Penney, divisions of May Department Stores Co., Sears, Goody’s and Mervyn’s. The grand-prize winner of the contest, which runs Nov. 1 to Jan. 4, will win a January two-night trip for two to Levi’s hometown of San Francisco. While out there, the winner will have to complete a matching game to determine whether the prize is $50,000, $1 million or $10 million.
TAX-ING DECISION: The New Jersey Tax Court determined last week that Lanco Inc., the Delaware-based subsidiary of Lane Bryant that licenses trademarks to Lane Bryant Inc., is not liable for state corporate income taxes on royalty payments received from the retail chain. While the director of the division of taxation had contended that Lanco was liable for the taxes, the court found otherwise, agreeing with Lanco’s position that it was not liable because it had neither offices, employees nor a business in New Jersey. The court said in its opinion that a “physical presence is a necessary element” in establishing tax liability. The matter predates Charming Shoppes’ 2001 acquisition of Lane Bryant from Limited Brands.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia