Perry Ellis International said Monday that it reached a $63 million deal to sell its fragrance inventory and related assets to Falic Fashion Group LLC.
Jones Apparel Group Inc. said Monday it expected fourth-quarter 2006 results to include a pretax, noncash charge of approximately $491.4 million for the impairment of goodwill and trademarks primarily in the company’s wholesale moderate apparel segment.
Another week, more exits at LTB Media. In the latest defection to hit the company, Culture and Travel’s editor in chief, Michael Boodro, is headed to Martha Stewart Living, where he’ll become the editor of the magazine underneath editorial director…
Coty Inc. on Monday quashed reports it’s planning to replace Kate Moss as spokeswoman for its Rimmel London cosmetics brand with a younger model.
Don’t tell me what to do. That is the general mantra of the freedom-loving fashion industry as it struggles to cope with the superskinny model controversy.