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.
"'Dynasty' is all about gowns, the diamonds and the scandal, so it's a bit like the fashion industry. When we come to Cannes it's all about the red carpet dresses too, so it all fit really well," said designer @philippplein78 on the theme of his high-glamour resort 2019 show at his mansion in Cannes. #wwdfashion #cannes (📷: @zefashioninsider)
"I think Spike is such a brilliant director because he holds up a mirror to society and reflects these issues, yet he doesn't shove it down your throat, he doesn't tell you what to think," says @lauraharrier on her latest film @Blackkklansman. Harrier was at the Cannes Film Festival – for the very first time – with @officialspikelee. #wwdeye #cannes (📷: @zefashioninsider)
“I would think to myself, Are you happy? Yes, I’m wildly happy. I go to this studio every day and, in my inside voices, I’m giggling; I’m singing. Yes, it’s a lot of work, it’s a [huge] volume of material. It wouldn’t be for everybody. But I was very happy,” said soap opera star @therealsusanlucci of checking in throughout the years with her career trajectory. Lucci spoke to WWD about her decades-long career, love for pilates, motherhood and her QVC activewear line. Read Bridget Foley’s full piece on Lucci on WWD.com #wwdfashion (📷: @celestesloman)
@balmain has taken a stand at the #cannes Film Festival, dressing 16 actresses at a press call for the project “Noire N’est Pas Mon Metier,” or “Black Is Not My Profession.” The multimedia project includes a book, photo exhibit and documentary, which aims to expose discrimination in the French and American entertainment industries. “The moment I was asked to participate, I knew it was right for me, and for this brand, to form a part of this moment,” Balmain creative director @olivier_rousteing told WWD. #wwdnews #wwdfashion
"I always feel curious and I feel like there's more to learn. But I think being relevant, feeling relevant, I personally always feel that there's just so much more to know. And maybe that's the key.” — @themarcjacobs #wwdsummits #wwdbeauty (📷: @patrickmacleodphoto )
“The most amazing thing about her is that, regardless of all the things that have happened to her, her spirit is so undaunted by all of it. She is the most cheerful person you will ever meet. She doesn’t see problems, she only sees solutions,” said @ajanaomi_king of activist Ifrah Ahmed, who she plays in a new film “A Girl from Mogadishu.” WWD caught up with King at Cannes — Head to WWD.com to read more about her new role, personal style and how she uses social media for causes like Time’s Up and Black Lives Matter #wwdeye
WWD asked a number designers to share their thoughts on what Meghan Markle’s wedding gown will look like this Saturday. Here, Valentino’s Pierpaolo Piccioli sketches his look. #wwdfashion #royalwedding #meghanmarkle