In Brief: Trade Bill Moves Ahead… Donna Hire… New Foundation…
A $56 billion spending bill that would increase funding for the Bush administration's two trade-governing agencies and toughen enforcement of U.S. trade remedy laws is headed to conference after the Senate passed it 75 to 19 Tuesday night.
TRADE BILL MOVES AHEAD: A $56 billion spending bill that would increase funding for the Bush administration's two trade-governing agencies and toughen enforcement of U.S. trade remedy laws is headed to conference after the Senate passed it 75 to 19 Tuesday night. The bill will have to be reconciled with a House measure that passed in July 281 to 42, just shy of the two-thirds margin needed to override a veto. President Bush has threatened to veto the measure because the spending blueprint for fiscal year 2008 exceeds his budget request for the agencies the bill would fund, including the Commerce and Justice Departments and the U.S. Trade Representative's office.
DONNA HIRE: Donna Karan International has named Ellen Fine to be vice president of Donna Karan Collection accessories, a new post. Fine had been vice president of sales for Prada and Miu Miu handbags and accessories. She joined Prada in 2000 as senior sales manager of Prada women's handbags and accessories. At DKI, Fine reports to Michelle Sanders, senior vice president of Donna Karan Collection accessories. DKI is making a renewed push in accessories, with launches to be presented during the January market.
NEW FOUNDATION: Brooks Brothers has formed the Golden Fleece Foundation, a nonprofit organization that will provide financial, developmental and logistical support to local and national charities involved in health issues, the arts and education. Brooks Bros. has long partnered with such organizations as Make-A-Wish Foundation, Thanks & Giving and St. Jude Children's Research Hospital. But with the Golden Fleece Foundation, the retailer will be able to spearhead philanthropic efforts and formalize the giving process. Managing director Emilie Antonetti, a 10-year veteran of Brooks Bros. and its parent Retail Brand Alliance, will head the foundation. "The Golden Fleece Foundation is a new venture that I have looked forward to announcing for a very long time," said Claudio Del Vecchio, chairman and chief executive officer of Brooks Bros. "I believe it will grow to exemplify the best of what Brooks Brothers stands for."
EYEWEAR DEAL: Costume National said Wednesday that it has inked a licensing deal for eyewear with niche Italian manufacturer Cult. The new line of sunglasses and prescription frames will launch in January. Prior to the agreement, Costume National licensed its eyewear production to Italy's Marcolin SpA. Costume National declined to provide sales forecasts. Cult, based in Padua, is a start-up that recently inked a licensing deal for eyewear with Thakoon.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)