In Brief: No Wellman Indictment … Pac’s Team … Nike Adds One …
NO WELLMAN INDICTMENT: Polyester maker Wellman Inc. said in a statement released late Wednesday that the U.S. Department of Justice’s antitrust division had informed the firm that it would not be indicted for price fixing. In July, the...
NO WELLMAN INDICTMENT: Polyester maker Wellman Inc. said in a statement released late Wednesday that the U.S. Department of Justice’s antitrust division had informed the firm that it would not be indicted for price fixing. In July, the Shrewsbury, N.J.-based company disclosed that the government had been probing its actions on that front from September 1999 to January 2001. Wellman was the third U.S. polyester firm snagged in that investigatory net. Earlier, KoSa had pled guilty and an employee of Nan Ya Plastics Corp. was found not guilty.
PAC’S TEAM: Anaheim, Calif.-based specialty teen retailer Pacific Sunwear of California Inc. has announced the appointment of former Toys ’R’ Us chairman and chief executive officer Michael Goldstein to its board. Goldstein, who worked for the toy retailer from 1983 to June 2001 in executive positions that also included vice chairman, is now chairman of the Toys ’R’ Us Children’s Fund Inc., a charitable foundation. Before moving to Toys ’R’ Us, Goldstein was senior executive vice president of operations and finance at discount apparel chain Lerner’s Stores Corp.
NIKE ADDS ONE: Starbucks president and chief executive officer Orin C. Smith has joined Nike’s board of directors. Smith, 62, began at Starbucks in 1990, and has been president and ceo since 2000. “Orin is the perfect match for Nike,” Nike chairman and ceo Philip H. Knight said in a statement. “He manages one of the most successful and admired companies and brands in the world.” Smith, one of 10 board members, will serve on Nike’s audit committee. The company on Tuesday also recognized the contributions of three retiring directors: John E. Jaqua, 83; Richard K. Donahue, 77, and Charles W. Robinson, 83. Each served on Nike’s board for more than 25 years. “John, Dick and Chuck were instrumental in building this company into what it is today,” Knight said.
SETTLED: A subsidiary of True Religion Apparel Inc. has reached a settlement with a former contractor. The case began last December, when True Religion’s Guru Denim unit filed a lawsuit against former shareholder, the Indigo Group USA, and its co-owner Jeremy Lew, seeking $800,000 in damages. It alleged the contractor was contacting Guru’s other business partners in an effort to mar the label’s reputation. One month later, Indigo and Lew filed a cross-complaint, charging breach of contract and fraud. Terms of the settlement weren’t disclosed. But Guru did provide Indigo, a boutique contractor which also produces denim for Hard Tail and Arden B., with a new production order that would increase depending on its outcome, said Jeffrey Lubell, president and chief executive officer of True Religion.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)