YSL RETAPS WATERGATE: Yves Saint Laurent Rive Gauche has reopened its renovated store in Washington. Located in the historic Watergate complex, the 1,500-square-foot store is owned and operated under a franchise agreement with the Marx family, which also owns and operates the local Saks Jandel specialty stores. Originally opened in 1972, the store was the second Rive Gauche unit to open in the U.S., outside of New York. The Watergate store presents the complete Yves Saint Laurent Rive Gauche women’s ready-to-wear and accessory collections. It follows an aesthetic initiated by the New York flagship and is emblematic of the new phase that YSL has entered under Tom Ford’s creative direction.
NEW ZALE CFO: Zale Corp. reported Friday that Mark Lenz has been appointed chief financial officer. As cfo, Lenz will supervise the accounting and control, planning, tax and treasury areas of the company. He will report to chief operating officer Sue Gove, who had previously held the cfo position with her promotion to chief operating officer in August 2002. Lenz joined Zale’s account department in 1988 and has since held positions including controller.
TURKEY DENIES U.S.: In a move that shocked the United States, Turkey’s parliament failed to win a majority Saturday on a vote over the deployment of U.S. combat troops. The denial could dramatically alter U.S. war plans against Iraq. On Sunday, a top member of Turkey’s governing party reportedly said it has no immediate plans to schedule another vote. The U.S. had offered a multibillion dollar economic package in aid and grants that also included apparel and textile concessions. However, negotiators were unable to reach agreement on the size and scope of the aid package, which some officials claim partly impacted Saturday’s vote. The Turkish public, which is predominantly Muslim, remains strongly opposed to a war with Iraq.