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Feeling Economy’s Bite: Top Vendor Executives See Pay Decline 25.6%
Overview
Apparel vendors felt the sting of a slower economy very directly in 2008 — right in their wallets.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLESFrom This Issue
Designer and Luxury
Ferragamo’s Giornetti to Design Women’s Collections
Ferragamo’s men’s wear designer, Massimiliano Giornetti, will now also design the women’s collections, replacing Cristina Ortiz.
Financial
Escada Improves Bond Exchange Offer
Escada has for the third time improved its exchange offer for bondholders as well as extending the exchange period.
Business Features
Tod’s Reports Uptick in First Half
Shoes boost sales, but leather goods, accessories and apparel see decline.
Activewear
FINA Ratifies Ban on High-Tech Swimsuits
FINA, competitive swimming’s governing body, bans the use of buoyant, long-length swimsuits starting next year.
Financial
WWD List: The Highest Paid Vendor Executives
Top vendor executives ranked by the value of their 2008 compensation.
Financial
Top Vendor Executives’ Pay: #11-20
Top vendor executives ranked by the value of their 2008 compensation.
Designer and Luxury
Counterfeiter Chu Gets 97-Month Sentence
Ring leader convicted of smuggling hundreds of thousands of dollars worth of accessories and apparel.
Other
Ang Lee’s Woodstock
Moviegoers expecting Ang Lee’s latest film, “Taking Woodstock,” to be a tribute to the 1969 music festival might be surprised.
Human Resources
Daphne Guinness’ New Fragrance
The British heiress chats about her new perfume venture.
Retail
County Vote Goes in Boscov’s Favor
Loan guarantee clears way for acquisition of Boscov’s chain by family interests.
Ready To Wear
Chaus Extends Deal With China Ting… Size Matters…
China Tin will serve as exclusive supplier of Asian-made merchandise for Chaus.
Human Resources
Mexx Adds Three Executives
In an effort to build its Mexx Worldwide business, Liz Claiborne Inc. has hired three top executives, all starting on Nov. 1.
Denim
Mandell Steps Down as Hampshire President
Richard Mandell will be succeeded by Heath Golden at Hampshire Group.
Financial
Bare Escentuals Profits Drop in Second Quarter
Results hurt by currency, softness in direct business.
Financial
Top Vendor Execs See Pay Decline 25.6%
Some executives forfeit their bonuses as companies scale back.
Financial
Beige Book Hints at Economic Improvement
Anecdotal accounts in the Beige Book report indicated some stabilization in the overall economy, but retail stocks dipped yesterday.
Designer and Luxury
Chalayan’s New Channels
Hussein Chalayan discusses his new denim collaboration with J Brand, criticizes Kate Moss’ line and bemoans being labeled “avant-garde.”
Fashion Scoops
Hourani’s New Line… Final Cut for Fashion’s Night Out… Wise Out…
There’s a new name to add to the list of young designers who have introduced a secondary line: Rad Hourani.
Retail
Obituary: Sanford Glanzrock, 82
Services have been held for Sanford “Sandy” Glanzrock, a veteran men’s wear executive who died July 15 following complications resulting from heart surgery.
Denim
Quiksilver Partners With The Standard on Boardshorts
Quiksilver boardshorts and bikini will be distributed via poolside vending machines at Standard Hotels.
Denim
New Earnest Sewn President Faces Stiff Challenges
Earnest Sewn has named Gary Cohen president of the U.S. business.
Media
Memo Pad: About Elle… Quarterly Earnings… Google Goliath…
Lagardère Active, parent company of Hachette Fillipacchi, denied that it was in talks to take over Elle.
Textiles
Lucky Brand Inks Underwear License
Lucky Brand has inked a license agreement for underwear, loungewear and sleepwear with Israel-based Delta Galil Industries Ltd.
Essentialist
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