PRIME TIME FOR ESTEBAN: Esteban Cortazar, the 19-year-old charismatic Colombian-born designer, will be featured tonight on ABC’s “Primetime Monday,” beginning at 8 p.m. Correspondent John Quiñones followed him around during fashion week and also interviewed Cindy Crawford on why she decided to return to the runway this season to model exclusively in his show. The program, which has a Miami theme, also features Baruch Vega, a fashion photographer by day who moonlights as an FBI informant for Spanish drug traffickers. Cortazar grew up in Miami.
ASDA BID BLOCKED: Wal-Mart Stores Inc.’s Asda supermarket chain, the second largest in the U.K., said it has no plans to mount a legal challenge to the British government’s decision blocking it from acquiring the Safeway supermarket chain. The U.K.’s secretary for trade and industry on Friday said only one of the four competing Safeway suitors, Wm. Morrison, could continue its bidding for the chain, citing concerns over market concentration. The other bidders were U.K. retailers Sainsbury’s and Tesco. “Naturally, we’re disappointed,” said Asda chief executive Tony DeNunzio in a statement. “We will press on with our plans to grow the business and expand our store network.”
DELTA REVISES FIGURES: Cotton mill Delta Woodside Industries Inc. said Friday it had revised downward its previously reported fourth-quarter and fiscal-year results. The Greenville, S.C.-firm took a noncash allowance of about $7.2 million in the quarter ended June 28. As a result, it recorded a $4.6 million net loss for the year in its 10-K filing with the Securities and Exchange Commission, as opposed to the $2.6 million in net income it had reported in its preliminary release last month. The company also warned that a downturn in market conditions would probably leave it in the red for the first quarter, which would likely put the company out of compliance with its debt covenants. However, the firm said it has already obtained a waiver from its lender, GMAC. The $4.6 million fiscal 2003 loss compared with a $2.1 million loss a year earlier.