Francesco Risso will become creative director of the label.
Tommy Hilfiger Corp. is on the auction block, and the asking price is big: The company could fetch as much as $1.82 billion.
A brief look at some of the day’s stories.
Time Inc. shocked roughly zero people Wednesday with its announcement that Teen People’s Amy Barnett was stepping down to make way for a new managing editor.
David Bitton has ambitious expansion plans for his Montreal-based Buffalo Jeans company, which now offers a complete ready-to-wear line for women and men.
Cartier is already sending out invitations to its Sept. 14 party in Manhattan to unveil its new fine jewelry collection, Caresse d’Orchidees par Cartier.
Wal-Mart spokesman Marty Heires characterized such releases as “pretty common in corporate America.”
The lawsuit is the most recent dispute between the two companies.