This story first appeared in the November 13, 2003 issue of WWD. Subscribe Today.
- INVISTA SALE UPDATE: Wilmington, Del.-based DuPont said Wednesday in a filing to the Securities and Exchange Commission that it expects to close the sale of its textile business, now known as Invista, during the first half of 2004. When the company last year revealed its plans to sell or spin off that unit, executives had hoped to complete the deal by the end of 2003. DuPont and Koch Industries Inc. have confirmed that they are in talks over the sale of Invista to the Wichita, Kan.-based textile maker.
- NEW CAT IN TOWN: Redcats, the mail-order division of French retail and luxury conglomerate Pinault-Printemps-Redoute, on Wednesday named Eric Faintreny chairman and chief executive of its U.S.-based Brylane operation. He starts Jan. 1. Faintreny, 43, most recently was chairman and ceo of Redcats in the U.K. and Northern Europe. He replaces Russell Stravitz, who resigned. He reports to Thierry Falque-Pierrotin, chairman of Redcats’ executive board and general manager of PPR’s apparel and lifestyle division.
- EXPECT THE UNEXPECTED: Marshall Field’s is breaking out of its traditional department store box with three series of offbeat holiday TV spots that will showcase Carson Kressley, fashion savant from “Queer Eye for the Straight Guy”; sassy female string quartet Bond, and the Riverdance Irish music company. The Kressley spots begin airing today and will show Kressley in Field’s State Street store, sprucing up and advising shoppers. On Black Friday, Nov. 28, commercials featuring the Riverdance company will kick off and will be followed a day later by an appearance by the Riverdance Flying Squad in Field’s State Street store. Bond will bow in three holiday spots playing “Jingle Bell Rock” and also will perform on Dec. 11 in the State Street location.