Focus on New Shores: Sears Said Shopping Its Lands’ End Division

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Sears, Roebuck & Co. is said to be quietly shopping around its Lands' End business, and the asking price is $1.2 billion, well below the $1.9 billion in cash the retailer paid for the famous catalogue company in 2002.

From This Issue


Marzotto to Spin Off Apparel Unit

MILAN — Marzotto more than doubled its 2004 net profit as its board approved a plan to spin off its fashion operations into a new company, to be called Valentino Fashion Group SpA.

Marzotto’s net profit for the year doubled to 40…

clock March 15, 2005Luisa Zargani and Courtney Colavita

Mexx is shuttering the Union Square store it opened in October 2003.


Mexx Leaves Union Square for SoHo

Mexx is leaving its home on Manhattan’s Union Square in favor of a trendier, smaller spot in SoHo, adjacent to Bloomingdale’s.

clock March 15, 2005Evan Clark

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Bottega Veneta Opens 2nd London Unit

LONDON — Bottega Veneta knows that, more often than not, good things come in small packages.

The Italian luxury brand has opened its second London unit, on Old Bond Street, and filled it with accessories, homeware and gift items. The…

clock March 15, 2005Samantha Conti

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Borletti Clan Back At La Rinascente Italian Store Chain

MILAN — It’s a homecoming of sorts for La Rinascente.

The Borletti family, who founded and owned Italy’s main department store before the Agnellis, won control of La Rinascente SpA over the weekend with a bid of 888 million…

clock March 15, 2005Luisa Zargani


Gottschalks Shares Hit 52-Week High

NEW YORK — Amid takeover speculation, shares of Gottschalks, the Fresno, Calif.-based regional department store chain, went up 13.5 percent, or $1.20, to close at $10.08, for a 52-week high on the New York Stock Exchange. Trading was heavy,…

clock March 15, 2005David Moin


De Beers LV Names CEO for U.S. Unit

NEW YORK — De Beers USA, a new division of De Beers LV, has named Alyce Alston as chief executive officer.

Alston was formerly group publisher of W, W Jewelry, and Vitals magazines, which, like WWD, are owned by Fairchild Publications…

clock March 15, 2005Emily Holt

Alex Kramer


Artist Cocktail

A touch of Studio 54 was in the air at Damien Hirst’s opening…A melting pot cooked at the “Art for Life” party…A bloody auction at Christie’s.

clock March 15, 2005WWD Staff

Kimora Lee and Russell Simmons



PALM BEACH — The scene read more South Beach than Palm Beach as bronzed men bounced to rap music and three fuchsia-haired models dressed as porn-store variety mermaids writhed in enormous hoops hanging from the rafters. But, aside from the…

clock March 15, 2005WWD Staff

Christie's Alicia Bona.


Open Season

NEW YORK — A geyser of blood spurts from a barely visible corpse lying flat on a grassy knoll. A bullet blows through another man as the air becomes an indistinguishable mess of bodily fluids and flying flesh, a stark contrast to the placid…

clock March 15, 2005Vanessa Lawrence

Luigi Boggio Casero's cotton and rayon chevron.


PV Takes a Natural Approach

Fabrics took on an organic and natural tone at Première Vision, which wrapped up its four-day run in Paris on Saturday.

clock March 15, 2005Daniela Gilbert


Pondering the Price of Port Security

Importers are tangling with government officials over how to pay the $5.4 billion cost of making U.S. ports compliant with new security standards.

clock March 15, 2005Joanna Ramey


Guatemala Sees Future in CAFTA

NEW YORK — Free trade between Central America and the U.S. can benefit the textile and apparel industries of both nations, said Guillermo Castillo, Guatemala’s ambassador to the U.S.

Guatemala Thursday approved legislation needed to…

clock March 15, 2005Evan Clark

Carlos Rosario with a model in one of his fall dresses.

Fashion Features

Rookies in the City of Angels

Magda Berliner and Michelle Mason have returned to the Los Angeles design scene, joining newcomers Juan Carlos Obando and Carlos Rosario.

clock March 15, 2005Rose Apodaca

Pamela G. Bailey

Beauty Features

Beauty Beat: CTFA Names Bailey President and CEO … LVMH Taps Houel to Head New Fragrances

WASHINGTON — The Cosmetic, Toiletry and Fragrance Association on Monday announced it tapped the chief lobbyist of the medical technology industry to steer the $46.5 billion U.S. beauty business through federal, state and international political…

clock March 15, 2005Joanna Ramey

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BCBG Enters Outerwear

NEW YORK — BCBG Max Azria is adding another layer this fall with a contemporary outerwear collection.

Through a licensing deal with the Winlit Group Ltd. here, BCBG is showing a variety of cloth coats, down jackets, fur coats and leather…

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Jonathan Safran Foer in Real Simple..


Memo Pad: Unlikely Bylines … Suede Postscript

UNLIKELY BYLINES: So much for that death knell shopping magazines were supposed to have tolled for long form magazine writing. Two predecessors of the shopping genre — Real Simple and O — are countering the notion that…

clock March 15, 2005WWD Staff

Buyers at Texworld said the strong euro made fabrics priced in dollars more attractive.


Texworld: Digging Those Dollars

Buyers at the Texworld fabric fair said the strong value of the euro against the dollar was of primary concern as they bought for upcoming seasons.

clock March 15, 2005Robert Murphy

Sears is said to be shopping around its Lands' End business.


Focus on New Shores: Sears Said Shopping Its Lands’ End Division

Sears is said to be shopping its Lands’ End business for an asking price of $1.2 billion, below the $1.9 billion it paid for the catalogue firm in 2002.

clock March 15, 2005Vicki M. Young

Kohl’s is restating its financial statements beginning with fiscal 1998 through the first three quarters of 2004.


Stricter Accounting Pinches Pennies From Retailers

NEW YORK — When it comes to accounting for leases, the loopholes are gone, thanks to a group of bean counters who urged the Securities and Exchange Commission to clarify the rules.

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In Brief: Levi’s Fit Kit … Betsey Adds On

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clock March 15, 2005WWD Staff


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