Versace’s New Strategy: Eyes 25% Cut in Staff, Return to Black in 2011

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After three months in the job, Gian Giacomo Ferraris, chief executive officer of Versace SpA, has launched a reorganization plan aimed at returning the company to profitability in 2011. SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Gian Giacomo Ferraris

Designer and Luxury

Versace Eyes 25% Cut in Staff, Return to Black in 2011

Versace launches reorganization plan aimed at returning the company to profitability in 2011.

clock October 28, 2009Alessandra Ilari and Andrew Roberts

Business Features

Cost Cuts Help Jones Boost 3rd-Qtr. Net

Profits for Jones rose 11.4 percent to $30.4 million for the quarter.

clock October 28, 2009Vicki M. Young

Zac Posen and Lily Collins


Zac Attack in L.A.

Posen presented his spring collection at Bar Marmont in Hollywood for starlets like Zoe Saldana, Bijoux Phillips, Lily Collins and Jordanna Brewster.

clock October 28, 2009WWD Staff

Jason Wu and Diane Kruger


Wu Hoo in Beverly Hills

A slew of starlets came out to meet Jason Wu, including Katie Cassidy, Amber Heard, Jessica Stroup and Lily Collins.

clock October 28, 2009WWD Staff

Valentino and Gwyneth Paltrow


Val’s Pals at VBH Boutique

Gwyneth Paltrow and Giancarlo Giammetti joined Valentino for a DVD signing of “The Last Emperor.”

clock October 28, 2009WWD Staff

VinTage leggings at Intermix.

Marketing and Promotion

Hot Fall Items Emerge in Contemporary

Leggings, leathers and tops are selling well.

clock October 29, 2009Julee Kaplan

Denim look from Stewart + Brown.


Stewart + Brown Puts Eco Stamp on Denim

Ethical fashion label Stewart + Brown is delving into denim for its fall collection.

clock October 29, 2009Ross Tucker

View of the new Guess store.


Guess Opens Regent Street Flagship in London

Guess has opened a 6,400-square-foot flagship store on Regent Street in London.

clock October 29, 2009Nina Jones

The crowd at Opening Ceremony downtown during Fashion’s Night Out.

Fashion Features

Fashion’s Night Out to Be Repeated in 2010

Mayor Bloomberg, Vogue magazine, the CFDA and NYC & Co. will unveil the return of the event next September.

clock October 28, 2009David Moin and Marc Karimzadeh

Yigal Azrouël


Road Runners: Social Set Preps for the Marathon

No carbs or booze for New York party people until after Sunday’s big race.

clock October 29, 2009WWD Staff

Balenciaga’s wool and silk jacket worn with Neil Barrett’s nylon and cotton shorts, a Rick Owens’ neckpiece and Costume National shoes.

Fashion Features

Monochromatic Men’s Trend: Dark Prince

The all-black look is quickly leaving its underground roots and going mainstream.

clock October 29, 2009Alex Badia

Handbag from Jimmy Choo’s Project PEP.

Designer and Luxury

Choo Launches Charity Line

Tamara Mellon has rallied her pep squad to raise money for African women and children exposed to HIV.

clock October 29, 2009Samantha Conti

Versailles' hall of mirrors.


Man in the Mirror: Versailles Features Louis XIV’s Life

Sprawling exhibition at Versailles devoted to the Sun King shows him warts and all.

clock October 29, 2009Miles Socha


Hanesbrands Third-Quarter Net Jumps

Hanesbrand CEO expects sales to grow about 5 percent in coming year.

clock October 29, 2009Alexandra Steigrad

Camicissima's Milan store on Via Dante.


Italian Shirtmaker to Open First U.S. Store

Camicissima, an Italian shirtmaker with 100 stores in Italy, is heading to the U.S.

clock October 29, 2009Jean E. Palmieri

The Prada flagship in Singapore’s Ion Orchard mall.

Designer and Luxury

Men’s Sets the Pace for Prada in Asia

Asia was Prada’s largest business in the first half of 2009, representing 25 percent of global sales.

clock October 29, 2009Emilie Marsh

Government and Trade

President Obama Signs Bill Boosting Customs Funding

President Obama signed a $42.8 billion bill that boosts funding for the Customs & Border Protection agency.

clock October 29, 2009Kristi Ellis

Bon Appétit November 2009 Issue


Memo Pad: Bigger Appetit… Exit Strategy…

When Gourmet closed, its readers received sister publication Bon Appétit to fulfill what was left of their Gourmet subscriptions.

clock October 29, 2009WWD Staff

Skin Care

Report: Simple On the Block

Could a Simple sale be on the horizon?

clock October 29, 2009Brid Costello

Government and Trade

Trade Groups Lobby Clinton on Honduras

A coalition of trade associations called on Secretary of State Hillary Rodham Clinton to increase pressure on the Honduran government.

clock October 29, 2009Liza Casabona

The visual featuring Nuxe’s president Aliza Jabès.

Human Resources

Nuxe President in Ad Campaign

SFR Business Team recently introduced a new visual featuring Nuxe’s president Aliza Jabès.

clock October 29, 2009Abigail Friedman

Lady Gaga

Fashion Scoops

Appreciating Lady Gaga… Prince Charles Visiting Burberry…

Accessories Council will give Lady Gaga an award for her style.

clock October 29, 2009WWD Staff


Struggling CIT Secures New $4.5B Loan

GMAC seeks new financing as other firms set to go public.

clock October 29, 2009Vicki M. Young


Charlotte Russe and People’s Liberation Sue Each Other

Exclusive three-year deal between mall retailer Charlotte Russe and premium denim brand People’s Liberation came to a contentious halt this week.

clock October 29, 2009Matthew Lynch


Retail Stocks Fall 2.2 Percent Wednesday

Retail shares ease off their highs for the year as analysts began to look warily toward 2010 and beyond.

clock October 29, 2009Evan Clark

Government and Trade

Bill Targets Barriers to U.S. Exports

Senate Democrats introduce legislation empowering USTR.

clock October 29, 2009Kristi Ellis

The crowd at Opening Ceremony downtown during Fashion’s Night Out.


Fashion’s Night Out to Return in 2010

Global Shopping Event will be staged on Sept. 9.

clock October 29, 2009David Moin and Marc Karimzadeh and Louise Bartlett and Rachel Mascetta and Elena Berton

Brunello Cucinelli

Designer and Luxury

Brunello Cucinelli and Saks Toast Continuing Success

Brunello Cucinelli, known for his label’s sporty-chic wardrobe essentials and especially superluxe cashmere, has eked out sales growth during the recession.

clock October 29, 2009Jean Scheidnes


Daily Stock Wrap: October 28, 2009

The day’s gainers and losers.

clock October 29, 2009WWD Staff

Inside the Yoox studio.


Yoox Looks to Grow

Yoox president Federico Marchetti said, “My goal is to make Yoox global as quickly as possible and make it vertical.”

clock October 29, 2009WWD Staff

Pamela Baxter and Uma Thurman

Designer and Luxury

Uma Thurman and Riccardo Tisci Greet New York

Fashion and beauty, the yin and yang of Givenchy, coalesced into a mini public relations whirlwind that touched down in New York this week.

clock October 30, 2009Marc Karimzadeh and Pete Born


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