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Fashion

Chloé Captured the Effortless Simplicity of French Style

The seafaring life was the inspiration for Clare Waight Keller's lovely, breezy spring collection for Chloé.

clock 16hBridget Foley

Fashion

Claus Dietrich Lahrs Appointed Chief Executive of Bottega Veneta

He succeeds Carlo Alberto Beretta, who will take on the new role of chief client and marketing officer at Kering.

clock 15hLuisa Zargani and Joelle Diderich

Beauty

Acqua di Parma Goes Luxe, Plots Retail Expansion

Acqua di Parma is launching a higher-priced line, opening its first U.S. store and expanding its women's range.

clock 12hRachel Strugatz

Following Profitable 2002, Est?e Lauder Investing for Growth

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Overview

From This Issue

Fashion Features

Slashing The Fat

Stores and vendors are doing an admirable job of counting cost calories, but some wonder whether it has gone way too far and creativity is suffering.

Retailers and fashion vendors are taking cues from their models.

While top-line…

clock August 19, 2002WWD Staff

Fashion Features

EARNINGS REVIEW AND OUTLOOK

LUXURY: Sales growth decelerated to 2 percent, up to $5.89 billion, in the first half of the year at LVMH MOET HENNESSY LOUIS VUITTON, but the luxury powerhouse expects operating profits to advance 15 percent for the half nonetheless when it reports…

clock August 19, 2002WWD Staff

Fashion Features

Drawing Ahead

NEW YORK — Call it a pouch or a sack, accessories designers are calling it the newest shape for spring. The latest bags are roomy with drawstring closures and come in soft, slouchy linens and leathers. Casual and less structured than in seasons…

clock August 19, 2002WWD Staff

Fred Langhammer, Estée Lauder Cos.

Fashion Features

Following Profitable 2002, Estée Lauder Investing for Growth

NEW YORK — Estée Lauder Cos. may be coming off a challenging 2002, but the company believes it was a transition year that was all about investing for future growth.

Earnings for the year ended June 30, attributed to common stock,…

clock August 19, 2002WWD Staff

Mary McFadden

Fashion Features

Mary’s Mum on Business

NEW YORK — “I don’t wish to discuss it, thank you very much.”

That’s just about all Mary McFadden would utter when WWD caught up to her on Friday morning.

While her shut-out staff and friends haven’t heard from…

clock August 19, 2002WWD Staff

Fashion Features

Smith, Reid Set for Relaunch

NEW YORK — William Reid and Tony Smith are making a return to business for spring, special delivery.

The designers, who operate their signature businesses in a partnership between the labels, had closed their company in January when their…

clock August 19, 2002WWD Staff

An upcoming Saks Fifth Avenue ad.

Fashion Features

Saks Campaign Fashion Focused

By David Moin

NEW YORK — With its “Live a Little” advertising campaign cut short last fall by the events of Sept. 11, Saks Fifth Avenue has developed a new national campaign with a somewhat more serious tone: “Make it Your Own.” It…

clock August 19, 2002WWD Staff

Fashion Features

Fashion Scoop: Guest List

GUEST LIST: Look out, Zagat. Dany Levy’s DailyCandy is nipping at your heels with its guide to hot spots, “The List.” Created exclusively for Ian Schrager’s hotels and updated seasonally, “The List” details the best local restaurants,…

clock August 19, 2002WWD Staff

Fashion Features

Chico’s Names Younger Chain

NEW YORK — Chico’s new division for 25-to-35-year-olds, to be called Pazo, will launch with eight stores in the first quarter of fiscal 2003.

“Our plans are for Pazo to be a cutting-edge store for the contemporary, fashion-conscious…

clock August 19, 2002WWD Staff

Financial

July Price Drop Steepest Since ’48

WASHINGTON — Falling retail apparel prices continued to break records in July, with a seasonally adjusted decline of 1 percent — the largest one-month drop in July since 1948, the Labor Department’s Consumer Price Index revealed…

clock August 19, 2002WWD Staff

Fashion Features

In Brief

SEC’S OPEN DOOR: May Department Stores Co. and Jones Apparel Group Friday joined the ranks of companies whose chief executives and chief financial officers filed sworn statements with the Securities and Exchange Commission affirming the accuracy…

clock August 19, 2002WWD Staff

Fashion Features

Clarification

Joseph’s Lingerie and National Corset are among 300 unsecured creditors who collectively would own about 6 percent of the stock of Frederick’s of Hollywood once its reorganization is concluded. The equity positions of the two creditors in a…

clock August 19, 2002WWD Staff

Fashion Features

Corrections

Don Loftus is president and chief executive officer of Cosmopolitan Cosmetics Inc. The company affiliation was incorrect in a story on page 6, Aug. 9.

Approximately 95 percent of beauty company V’tae’s products are derived…

clock August 19, 2002WWD Staff

Financial

Outfitters’ Net Results Diverge

NEW YORK — Two Pennsylvania-based Outfitters had drastically different second-quarter results as one fulfilled its fashion fantasies and the other owned up to merchandising miscues.

Philadelphia-based Urban Outfitters Inc. said…

clock August 19, 2002WWD Staff

Financial

Chloé and Marc Jacobs Sign With Net-A-Porter

NEW YORK — Online fashion boutique Net-A-Porter’s persistent pursuit of Chloé, Marc Jacobs and Marni has paid off with just-struck agreements to start selling roughly 20 items under the Chloé and Marni labels for fall 2002, plus…

clock August 19, 2002WWD Staff

Financial

Karan’s Landlord

NEW YORK — In a dispute that stretches across two adjacent buildings on West 40th Street, Donna Karan’s landlord wants over $1.1 million in back rent.

Donna Karan Co.’s landlord, 240 West 40th, manager of the building at 240…

clock August 19, 2002WWD Staff

Federated’s Terry Lundgren, Janet Grove and Matthew H.M. Lee of the Rusk Institute.

Fashion Features

INTIMATE NOTES

GROVE GETS HUGGED: Over 1,400 executives of the retail and manufacturing fields turned out Aug. 6 to honor Janet Grove, chairman and chief executive officer of Federated Merchandising Group, at the annual HUG [Help Us Give] Awards.

The…

clock August 19, 2002WWD Staff

Winner Paul Fan, left, and Jamie-Lynn Sigler, right, flank the winning design.

Fashion Features

Hosiery Goes to School

NEW YORK — Crystal balls may give fortune tellers and gypsies a glimpse of tomorrow, but for DuPont, young, budding fashion designers offer the look into legwear’s future.

That’s why the fiber maker hosted its first North…

clock August 19, 2002WWD Staff

Fashion Features

Graff Bows at Saks in Sept.

NEW YORK — The House of Graff is dipping its toes into the wholesale business, marking the first time the upscale jewelry and watch firm has sold its products outside of its own stores.

The London-based company, which operates four…

clock August 19, 2002WWD Staff

Audemars Piguet’s new Promesse watch.

Fashion Features

FINDINGS

PROMISE FOR AID: Swiss watchmaker Audemars Piguet has teamed up with Estée Lauder and TV host Colin Cowie this month to kick-start a campaign to raise money for The Breast Cancer Research Foundation.

The partnership coincides with the…

clock August 19, 2002WWD Staff

Peter J. Solomon is chairman of the investment banking firm Peter J. Solomon Co., which he founded in 1989 and which most recently arranged for Sears, Roebuck & Co.’s acquisition of Lands’ End. (Solomon’s firm isn’t engaged in...

Fashion Features

New Rules For Research Colll

Research is still a vital tool for banks and companies, despite recent scandals. perhaps the securities industries should now consider forming a cooperative.

The use of stock research by investment banks to gain lucrative underwriting…

clock August 19, 2002WWD Staff

Essentialist

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Inside the DFS  T Galleria Fondaco dei Tedeschi store in Venice.

Retail

DFS Group Opens First European Store in Venice

clock 10hLuisa Zargani

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