DONNA’S JEANS DEAL: Donna Karan International and SINV have completed their previously reported license for DKNY women’s and men’s jeans in Europe, Asia, the Mideast, Australia and New Zealand, the companies said Wednesday. The five-year license is expected to commence with a collection for next fall from the Carre, Italy-based SINV. Liz Claiborne Inc. continues to hold the exclusive and long-term license to source, market and sell men’s and women’s jeans and DKNY Active collections in most countries in the Western Hemisphere.
FACTORY SHIFT: Larry Kelley, former president and chief executive officer of both Casual Male Big and Tall and One Price Clothing, has joined Factory 2-U Stores as executive vice president of merchandising and marketing. He succeeds Mary McNabb, who came out of retirement to become executive vice president and general merchandise manager, as well as Spencer Insolia, who joined the firm in June as senior vice president, marketing, and has left the firm. McNabb has resumed her retirement. Additionally, Melvin Redman has joined the San Diego-based off-price retailer in the new post of executive vice president of store operations and distribution. He previously spent 17 years with Wal-Mart Stores, culminating in his appointment as senior vice president, operations, and was the founder and president of Alliance Consulting. Both report to Bill Fields, chairman and ceo of Factory 2-U.
NO SAIL: After sinking $140 million into the project, Patrizio Bertelli’s Luna Rossa could be headed for dry dock. Since its elimination from the Louis Vuitton Cup last month, Prada’s chief executive told Italy’s Corriere della Sera that he was not planning a third venture in the sailing competition. “I’ve lost my enthusiasm,” he said. “I would change my mind only if a completely new project came up.” Bertelli could not be reached for comment as he was flying back to Italy from New Zealand on Wednesday, and Prada officials declined to comment.
HEADING EAST: Trussardi has signed a five-year partnership with Mitsui for the development of the fashion house’s licenses in Japan. The deal starts this month, and Trussardi said in a statement that it expected sales in Japan to reach about $46 million in 2005. Last year, the brand’s sales in that country were about $39 million. This partnership follows the termination of the joint venture with Teijin Ltd., formed in 1999 by the late Nicola Trussardi. The company said it plans to close two stores in Tokyo that were managed by Teijin and to focus investments on the core business of leather goods.