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Business

Hong Kong Loses Ralph Lauren Flagship, Braces for More Closures

Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

clock 4hAmanda Kaiser and Tiffany Ap

Beauty

WWD Beauty Inc Honors the Industry’s Best for 2016

The 15th-annual awards ceremony recognized the accomplishments of a cross section of beauty executives.

clock 11hLayla Ilchi

Business

Michael Jordan Wins Trademark Case in China

The decision could be a landmark ruling for Western brands in China.

clock 19hNyima Pratten

Eau D’Invisible Man: L’Or?al Signs License To Do Margiela Scent

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Overview

Given Martin Margiela's conceptual bent, one could imagine him putting out a perfume without any scent ? or even an empty bottle. But now L'Or?al has become the elusive Belgian designer's long-term beauty license holder and only time will tell.

From This Issue

Will Blondell with Daisy Lowe in Burberry.

People

Spring Training

People attend parties for various reasons — obligation, interest, an opportunity to be photographed and free booze chief among them.

clock March 17, 2008WWD Staff

Financial

Retail Apparel Prices Drop

Women’s retail apparel prices fell in February for the first time in three months, as merchants rushed to put early spring merchandise on sale and cleared out fall and winter apparel on deep discounts.

clock March 17, 2008Kristi Ellis

Financial

Luxottica Sees Net Rise 16% in ’07

Despite relatively flat fourth-quarter earnings dented by costs tied to the integration of the Oakley brand, Italy’s Luxottica Group SpA managed to post record profits in 2007.

clock March 17, 2008Andrew Roberts

Financial

Swatch Reports 22.3% Jump in Profits

Swatch Group reported record profits in 2007 and said prospects for the rest of this year remained strong as emerging markets offset financial turbulence in Europe and the U.S.

clock March 17, 2008Robert Murphy

Financial

Legal Briefs

Gucci America, Chloé SAS and Alfred Dunhill Ltd. won a $4.3 million judgment against Kelvin Cho, also known as Kelvin Cho Yaw Koon and Cho Yaw Koon, and a number of Web sites and companies he operates.

clock March 17, 2008Liza Casabona

Ann Taylor reported a loss of $6.7 million in the fourth quarter.

Financial

Fourth Quarter Has Ann Taylor Seeing Red

Baby Boomer specialty chain AnnTaylor Stores Corp. on Friday said it swung into a fourth-quarter loss, hurt by costs related to its restructuring program and a weakening missy apparel sector.

clock March 17, 2008Jeanine Poggi

Retail

Atlanta Marts See No Major Damage Following Tornado

This city’s trade marts and retail centers were spared major damage when a tornado ripped though the downtown district Friday night.

clock March 17, 2008Georgia Lee

Financial

Grayson, Hughes Set to Form New Firm

Retail consulting firm The Grayson Co. and executive search firm E.A. Hughes & Co. Inc. are forming Grayson/Hughes.

clock March 17, 2008Vicki M. Young

The New York Stock Exchange.

Financial

Factors Not Worried by Ongoing Wall Street Jitters

With credit tightening and a possible crunch ahead, the one thing that is certain is that factors are confident they can weather the economic storm.

clock March 17, 2008Jeanine Poggi

Financial

Pressures Ahead for Regional Retail Players

The troubled economy is intensifying pressure on smaller regional department store chains such as Bon-Ton and Gottschalks, which already face challenging competition from Macy’s, J.C. Penney and Wal-Mart.

clock March 17, 2008Evan Clark

Nicholas Munafo

Beauty Features

Beauty Beat: BPI Taps Munafo…

Beaute Prestige International USA has named Nicholas Munafo as president, succeeding Louis Desazars, who left to head Nars Cosmetics on Feb. 15.

clock March 17, 2008WWD Staff

WWD Image

Media

Memo Pad: Pecker’s New Pact… COD’s Gift to Men… Scent of a Deal…

American Media Inc. faced some disappointing news last week, regarding the ratings downgrade by Moody’s.

clock March 17, 2008WWD Staff

Maison Martin Mariela in Beverly Hills.

Designer and Luxury

Eau D’Invisible Man: L’Or?al Signs License To Do Margiela Scent

Given Martin Margiela’s conceptual bent, one could imagine him putting out a perfume without any scent ? or even an empty bottle.

clock March 17, 2008Jennifer Weil and Miles Socha and Ellen Groves

Jewelers are raising prices due to record costs for precious metals.

Fashion Features

Jewelers Contend With Record Metals Prices

Fine jewelry firms, faced with record-high gold and platinum prices and a flailing U.S. economy, are starting to feel the pinch.

clock March 17, 2008Sophia Chabbott

Montblanc diamond earrings.

Fashion Features

Montblanc Writing New Chapter as Luxe Brand

Montblanc wants its iconic writing instruments to become more exclusive, as a means of accelerating its long-term evolution into a broader luxury goods brand.

clock March 17, 2008Caroline Tell

A Braccialini bag.

Fashion Features

Mipel Draws International Crowd

Despite the strong euro and dates clashing with Paris-based Premiere Classe, Mipel organizers reported solid business and attendance propelled by international visitors.

clock March 17, 2008Luisa Zargani

A Pa-Tou-Tou bag.

Retail

Bags Are In at Piperlime

Piperlime.com, the year-old footwear e-commerce site owned by Gap Inc., is launching handbags today.

clock March 17, 2008Sophia Chabbott

Eva Mendes at the CFDA Fashion Awards wearing Calvin Klein Collection.

Marketing and Promotion

In Love With Eva: Mendes to Be Calvin Klein Underwear’s Face

Calvin Klein Underwear will kick off a worldwide advertising campaign with a sexy new face and voluptuous figure: Eva Mendes.

clock March 17, 2008Karyn Monget

The Bra-llelujah bra by Spanx.

Intimates

Spanx Shouts Bra-llelujah With New Launch

Spanx is getting into the bra business with the launch of Bra-llelujah.

clock March 17, 2008Georgia Lee

Pussycat Dolls... shhh

Designer and Luxury

California Split

L.A. runway styles ran the gamut, from demure day looks to flirty lingerie.

clock March 17, 2008WWD Staff

Andira

Sportswear

Green Party

Green Initiative Humanitarian Fashion Show: California is ahead of the curve in all things green, and Wednesday’s eco-friendly group show was no exception.

clock March 17, 2008WWD Staff

Gap Design Editions creations by Phillip Lim, Threeasfour, Michael Bastian and Band of Outsiders.

Marketing and Promotion

Gap Design Editions Returning

Gap’s iconic white shirt is getting a new life this spring.

clock March 17, 2008Marc Karimzadeh

Jennifer Hudson and one of her "borrowed" bags in "Sex & The City: The Movie."

Fashion Scoops

Fashion Scoops: For Rent… Finding A Lost Face… All Dolled Up…

Everyone knows of an assistant who tries too hard in the wardrobe department ? think, too-high heels, flashy jewelry and slightly off-trend shoes by…

clock March 17, 2008WWD Staff

Narciso Rodriguez's lineup of mostly black-and-white fare got an occasional jolt of orange, as in this chicly structured double-faced wool coat.

Designer and Luxury

It Takes Hue

For fall, designers took a cue from the season itself, with rich autumnal colors like apple red, as seen here from Tommy Hilfiger.

clock March 17, 2008WWD Staff

One of the entrances to the Dubai Mall.

Retail

Bloomingdale’s Said in Talks for Mideast Partner

Bloomingdale’s expansion in the Middle East may be via a franchise agreement with Al-Tayer Group, a major player in fashion retailing in the region with a…

clock March 17, 2008Luisa Zargani

Business Features

Claiborne Counts on Rebound After Dismal 2007

For Liz Claiborne Inc., 2007 was martyred to the higher cause of long-term growth, company executives said in a fourth-quarter and year-end conference call…

clock March 17, 2008Whitney Beckett

A rendering of the new Ralph Lauren flagship at 888 Madison Avenue.

Retail

Second Polo Flagship Coming to N.Y.

Ralph Lauren is planning to give Manhattan another big design statement next year.

clock March 17, 2008Marc Karimzadeh

Markets

American Apparel Opening in China

American Apparel Inc.’s rapid retail rollout is heading to China to coincide with the Summer Olympics in Beijing.

clock March 17, 2008Andrew Harmon

Human Resources

In Brief: New Lacoste CEO… Talbots Targets Wagner…

Lacoste has appointed Christophe Chenut as chief executive officer, a new post, marking a reorganization of the French sportswear firm’s management.

clock March 17, 2008WWD Staff

Essentialist

Today's Must Read

Sen. Charles Schumer at podium with Leo Gerard of United Steelworkers.

Business

Democrats Help Launch ‘Trump Outsource Watch’

clock 13hKristi Ellis

Social Studies