ZALE INQUIRY: The Securities and Exchange Commission has started an investigation into certain accounting practices of Zale Corp., the specialty jewelry retailer announced in a statement Monday. The probe is looking at accounting for extended service agreements, leases and accrued payroll. The firm said subpoenas have sought materials related to accounting as well as executive compensation and severance, earnings guidance, stock trading and the timing of certain vendor payments. Zale said in the statement that its accounting is in compliance with generally accepted accounting principles. The company said it is cooperating with the SEC investigation.
LIMITED PICKS BERSANI: Limited Brands Inc. has promoted Jamie Bersani, a 20-year Limited Brands real estate executive, to head its retail real estate team. As executive vice president, retail real estate, Bersani is responsible for execution of all retail real estate transactions, reporting to Mark Giresi, executive vice president, retail operations. Bersani joined Limited Brands in 1986 as a real estate director and in 1995 was named vice president, real estate. In 2000, Bersani was appointed senior vice president, retail real estate. "We are very excited to be able to have the benefit of [Bersani's] relationships within the enterprise and across the nation to support our growth strategy," Giresi said in a statement Monday.
FASHION ON PASSIONS: Anyone who works in fashion knows it can be a real soap opera, but now the tables are turning. NBC Daytime is launching Crane Couture, its first sportswear collection and one inspired by Emily Harper's Fancy Crane character on "Passions." In real life, it was head of wardrobe for "Passions" Diana Eden — not Harper — who worked with Delivery Agent, an agency that creates and manages Web sites that sell products on TV and other entertainment venues, to develop the collection. At different times during the soap, "snipes" will run along the bottom of the screen, directing viewers who like Fancy's clothes to check out cranecouture.com.
“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
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye