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.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)