French Twist: Nordstrom Sells Faconnable to M1 Group for $210M

No cover image


Nordstrom Inc. has agreed to sell Fa?onnable for $210 million to the M1 Group, a diversified family-owned company based in Beirut, Lebanon, that's seeking to build a portfolio of luxury and fashion brands.

From This Issue

Luca Orlandi in Istanbul.

Fashion Features

Living La Vida Luca

Luca Luca’s Luca Orlandi reflects back on 15 years, with one very big blowout bash.

clock July 26, 2007Venessa Lau

Fabiola Beracasa in Fendi.


Bag Lunch

Though many have deserted New York City for the summer holidays, those left behind were treated to a taste of the Italian Riviera Wednesday afternoon, courtesy of Fendi.

clock July 26, 2007WWD Staff

Juliette Lewis in a headdress she bought in Istanbul.

Fashion Features

Indie Spirit

Most actresses spend their days pounding the pavement looking for work, but not Juliette Lewis.

clock July 26, 2007Tara Bonet-Black

Lily Rabe


Lady In Waiting

It’s no surprise New York native Lily Rabe was bitten by the acting bug given the 24-year-old’s parents are playwright David Rabe and actress Jill Clayburgh.

clock July 26, 2007Elisa Lipsky-Karasz

Ciara in Rocawear's  "I Will Not Lose" campaign.

Fashion Features

Jay-Z Sparks Rocawear’s Growth

Shawn “Jay-Z” Carter is out to win.

clock July 26, 2007Julee Greenberg

The future home of Diesel's first megastore in Milan, due to open in the first half of 2008.


Diesel Plans Megastores, Increasing Brand Exposure

Diesel has secured one of Milan’s premiere locations for a megastore planned to open in the first half of 2008, the first of five new concept stores around the world.

clock July 26, 2007Luisa Zargani


Bergdorf Hits $500M in Annual Sales

Bergdorf Goodman reached a major milestone July 19 at noon. The luxury emporium cracked $500 million in annual sales for the first time.

clock July 26, 2007David Moin


2 Japanese Retailers Eye Merger

Reflecting a major shake-up going on in the Japanese department store sector, Mitsukoshi, the fourth largest, has begun talks with Isetan, the fifth largest, to form a capital tie-up that could lead to a merger or management integration, according to…

clock July 26, 2007Tsukasa Furukawa


Levi’s Sues A&F Over Trademark

In the second such lawsuit filed against a competitor this month, Levi Strauss & Co. alleged that the jeans manufacturer’s trademarked back-pocket stitching is being illegally copied by Abercrombie & Fitch.

clock July 26, 2007Joanna Ramey

Fashion Features

U.S. Seeking Broader Scope for Doha Plan

The U.S. said Wednesday that a draft proposal in the Doha Round of global trade talks to lower tariffs on industrial goods was not far-reaching enough in opening markets and called for steeper cuts by emerging economies.

clock July 26, 2007John Zarocostas


Stock Options Boost Pay

Hefty stock and option awards boosted the pay packages of major retail executives last year, with total compensation of the top 10 reaching more than $198.7 million in 2006.

clock July 26, 2007Jeanine Poggi


Fed Report on Spending Mixed

Consumer spending grew modestly last month and early this month, although several regions of the country reported that sales were mixed or below expectations, according to the Federal Reserve Board Beige Book report.

clock July 26, 2007Evan Clark

Dermalogica's Age Smart line.

Beauty Features

Beauty Beat: Dermalogica Sets Launches, Improved Formulas… Inter Parfums Inc. Sales Hit $82.8M… Britain Ad Watchdog Targets L’Oreal…

Dermalogica is out to improve the performance of its products with new formulas from a churning product pipeline.

clock July 26, 2007WWD Staff

Fashion Features

In Brief: China Move… Brown-RISD…

The NPD Group will begin tracking sales of prestige fragrance, makeup and skin care products in Chinese department stores, according to the firm.

clock July 26, 2007WWD Staff

Fashion Features

Vevers Tapped As Designer at Loewe

LVMH Moet Hennessy Louis Vuitton is preparing to rev up Loewe, the 160-year-old Spanish brand known for its leather goods.

clock July 26, 2007Robert Murphy and Samantha Conti


Currency Issues, Japan Weigh on Hermes Revenues

Crunched by the high value of the euro and tepid business in Japan, Hermes International on Wednesday revised full-year revenue forecasts as it reported sales in the second quarter rose a weaker-than-expected 4.7 percent.

clock July 26, 2007Robert Murphy

Charles Nolan

Fashion Features

Nolan Gets Into High Gear

Charles Nolan is getting ready for the race, though this time it has nothing to do with presidential debates.

clock July 26, 2007Marc Karimzadeh


Memo Pad: Old News… Short Stint… To the Rescue…

In just a few short weeks, Lindsay Lohan will be on the September covers of Maxim and Elle — and while the timing couldn’t be better for Maxim, some argue Elle might not share the same fate.

clock July 26, 2007WWD Staff

Robert J. Ulrich

Fashion Features

Where the Money Is

Retail industry executives ranked by the values of their annual compensation packages in 2006.

clock July 26, 2007Cecily Hall and Jeanine Poggi

A look from Faconnable.

Fashion Features

Nordstrom Sells Faconnable to M1 Group for $210M

Nordstrom Inc. has agreed to sell Faconnable for $210 million to the M1 Group, a diversified family-owned company based in Beirut, Lebanon, that’s seeking…

clock July 26, 2007David Moin


Today's Must Read


Experts Agree: Customer Engagement Key to Retail Success

clock 5hArthur Zaczkiewicz

Social Studies