The luxury chain has been battling the luxury malaise.
The city has not lost its sizzle, once again led by Prada and Gucci.
Shoe factory floor falls in, killing at least three.
The chairman, controlling shareholder of the world’s second-largest luxury goods group will take a yearlong sabbatical beginning in September.
At a time when merchants are scrambling to court teens, Kmart has a fashionable leg up on the competition with a new beauty collection.
Along with his makeup artist wife of 14 years, the photographer will launch two comprehensive beauty lines, Beauty Equation and BE Cosmetics.
The brand is also gearing up to debut its first consumer ads — starring Kate Moss — which will break in August.
Guests also learned of a new partnership with Women’s Wear Daily to launch the Clio Image Awards next spring, with online submissions starting in November.
The Los Angeles handbag designer is the third brand to collaborate on the hotel’s designer beach bag program, after Joie and Kate Spade.
The retailer’s ceo received $8.2 million last year, down from the $48.1 million, pumped up by $43.2 million in option awards, reported for 2011.