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.
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
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye