CIT Post-Bankruptcy: Even With Life Lines, Future Still in Question

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The pressure is still on at CIT Group Inc.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Designer and Luxury

Louis Vuitton, Gucci Tap New Japan Chiefs

Frederic Morelle takes over at Vuitton while Christophe de Pous does the same at Gucci.

clock November 2, 2009Chiharu Odashima

Designer and Luxury

Uniqlo Oct. Comps Jump 36%

Customers snapped up the brand’s popular winter staples and Jil Sander’s +J line.

clock November 2, 2009Kelly Wetherille

Business Features

Hugo Boss Profits Drop in Third Quarter

Net income for Hugo Boss dropped 24.8 percent in the period, and the group’s wholesale business remains under pressure.

clock November 2, 2009Melissa Drier

The atmosphere at El Museo Dia de los Muertos.


Dead On at El Museo del Barrio

The Upper East Side got a dose of nightlife fever when El Museo del Barrio hosted a Día de los Muertos (or Day of the Dead) event at the newly renovated museum.

clock November 2, 2009WWD Staff

Amanda Burden and RoseLee Goldberg


Helping Themselves at Performa

Amanda Burden, Robert Wilson, Thelma Golden, Cindy Sherman and David Byrne celebrated with a gourmet meal at the X Initiative in Chelsea.

clock November 2, 2009WWD Staff

Eva Mendes in Dior with Diane Kruger.


L.A. Toasts CFDA/Vogue Fashion Fund Finalists

Eva Mendes, Mary-Kate Olsen, Tracee Ellis Ross, Jessica Alba, Diane Kruger and Lily Collins joined CFDA members to honor this year’s contenders.

clock November 2, 2009WWD Staff

Lance Armstrong


Lance Armstrong in SoHo: Bike Night

Lance Armstrong opened the new Nike-sponsored Stages exhibit at Deitch Projects in SoHo.

clock November 2, 2009WWD Staff

Allison Sarofim and Marc Jacobs


Culture Club: Allison Sarofim’s 80s Bash

Pop-and-lock dance performers joined guests like Marc Jacobs, Jill Kargman, Kelly Klein, Anne Grauso, Gloria von Thurn und Taxis and Chris Benz.

clock November 2, 2009WWD Staff

Bliss items from the Blood Orange + white Pepper line.


Steiner Agrees to Buy Bliss for $100M

Spa services provider has agreed to acquire Bliss World Holdings Inc. from Starwood Hotels & Resorts Worldwide Inc.

clock November 2, 2009Matthew W. Evans

Fashion Scoops

Mums the Word at Bergdorfs

Bergdorf Goodman’s third floor was transformed into Indochine Thursday night to celebrate a new book chronicling the downtown eatery’s 25 years in business.

clock November 2, 2009WWD Staff

Capricia Marshall (left) meets with two of her aides.


Capricia Marshall’s Diplomatic Whirl

“I run on coffee,” says Chief of Protocol Capricia Marshall, pouring a cup for visiting ambassador Josefina Pitra Diakite from Angola.

clock November 3, 2009Susan Watters


New York & Co. Sues Penney’s Over Ads

New York & Co. claims that “NYC Style” too closely mimics “NY Style” tagline.

clock November 3, 2009Matthew Lynch

Designer and Luxury

Escada Insolvency Proceedings Begin

Insolvency proceedings over the assets of Escada AG were opened Sunday at the Munich Municipal court.

clock November 3, 2009Melissa Drier


In Brief: Silverman Joins Anne Cole

Gary Silverman has joined Anne Cole Swimwear, a division of In Mocean Group, as executive vice president, a new post.

clock November 3, 2009WWD Staff


Retail Stocks Up 0.9% Monday

S&P Retail Index rises Monday on improvement in the manufacturing sector, with CIT bankruptcy having little effect on shares today.

clock November 3, 2009Evan Clark

A look from Simon Chang.


Buyers Focus on Immediates in Atlanta

What had been a traditional spring market at AmericasMart again focused mostly on immediate deliveries, as many buyers shopped with less credit and more cash.

clock November 3, 2009Elizabeth Thurman

Designer and Luxury

Corneliani to Stage Runway Show at Pitti Uomo

Corneliani will stage its first runway show at Pitti Uomo, as the expo throws the spotlight on the sartorial virtues of Made in Italy products.

clock November 3, 2009Emilie Marsh

The Umer Siddique design studio.

Government and Trade

Textile Plan in Pakistan Founders

In Pakistan, energy woes bog down prescription for a rebound in the country’s textile industry.

clock November 3, 2009Mahlia S. Lone

Government and Trade

Different Perspectives at China Sourcing Fair

Accessories vendors are more upbeat than swimwear, innerwear firms.

clock November 3, 2009Jennifer Cardenas

Aliona Doletskaya, Oleg Ovsiev, and Diane Von Furstenberg


DVF Takes Moscow

Naomi Campbell, Vogue Russia editor in chief Aliona Doletskaya and an oligarch were just part of the crowd celebrating with Diane von Furstenberg in Moscow.

clock November 3, 2009Miriam Elder

Human Resources

Van Der Vis Takes Over at Esprit

The Heinz Krogner era at Esprit is drawing to a close.

clock November 3, 2009Melissa Drier


Study Predicts Online Holiday Sales Boost

A Forrester Research Inc. report predicted that online retail sales in all categories except travel will reach $44.7 billion during November and December.

clock November 3, 2009Cate T. Corcoran

Designer and Luxury

Gasparini Leaves Missoni

Missoni’s restructuring has claimed another position: general manager Massimo Gasparini left the company last week and his position will not be filled.

clock November 3, 2009Luisa Zargani

Rainbow Bridge rings from Chan & Zen.

Designer and Luxury

Zen Palette: Jewelry Designer Wallace Chan Heads to U.S.

Hong Kong jewelry designer Wallace Chan will take over Brasserie Ruhlmann at Rockefeller Plaza for his first U.S. appearance.

clock November 3, 2009Venessa Lau



With CIT in Bankruptcy, Industry Holds Its Breath

Serious questions remain about CIT’s business, including the status of new contracts and whether the lender will sell its factoring unit.

clock November 3, 2009Vicki M. Young and Rosemary Feitelberg and Marc Karimzadeh and Lisa Lockwood

Oprah Winfrey at the Root party.


Memo Pad: A Time Departure… Oprah’s Fashion Fixes… Photoshop Pro…

Vivek Shah leaves Time after 1t years, and Oprah rescues some serious fashion offenders.

clock November 3, 2009WWD Staff

Government and Trade

Jordan Addresses Alleged Abuses in Garment Sector

Jordan instituted reforms of its labor laws and strengthened its labor compliance and monitoring over the last year.

clock November 3, 2009Liza Casabona

Government and Trade

WTO Report Shows Global Exports Holding Ground

Apparel exports have fared better than other types of consumer goods during the global financial downturn.

clock November 3, 2009John Zarocostas

The Intertextile Fabric show drew more than 2,400 exhibitors and 53,000 visitors.


In China, Intertextile Fabric Fair Rolls With the Times

Intertextile Fabric Fair maintained last year’s scale, featuring more than 2,400 exhibitors from 21 countries and regions.

clock November 3, 2009Lisa Movius

Prêt à Porter’s new space at MI Milano.


Trade Shows Generate Buzz in Milan

MI Milano and White Beauty joined the regular Neozone, Touch, Cloudnine and White expos in Milan.

clock November 3, 2009Kerry Olsen

Zero + Maria Cornejo’s linen and viscose version. Frye boots.

Fashion Trends

Spring 2010 Jumpsuit Trend: Singular Sensations

Jumpsuits have taken a flying leap back into the spotlight.

clock November 3, 2009Bobbi Queen

The Beckham's house for WIN.


Fashion Industry and Celebs Pitch in for Women In Need

Victoria and David Beckham, Oscar de la Renta, Diane von Furstenberg, Donna Karan, Jennifer Lopez, and Justin Timberlake decorate for charity.

clock November 3, 2009David Moin

A shoe by Olsenboye.


Steven Madden Inks Deal for Olsenboye

Steven Madden Ltd. has signed a licensing agreement with Dualstar Entertainment Group to produce a collection of footwear and accessories.

clock November 3, 2009Caroline Tell

John Varvatos and Rosemary Brantley

Fashion Scoops

School Ties… MAC Taps Cyndi Lauper and Lady Gaga… Patti and Robert…

Fashion folk networked at the Otis College of Art and Design alumni reception.

clock November 3, 2009WWD Staff

A Damiani necklace.

Designer and Luxury

Birks & Mayors to Carry Damiani Products

Italian jewelry firm Damiani has inked a deal with Birks & Mayors Inc. to distribute its products throughout its chain.

clock November 3, 2009Sophia Chabbott and Alessandra Ilari

Donatella Ratti, President and managing Director of the Ratti Group.

Designer and Luxury

Marzotto, Favrin to Take Ratti Stake

Marzotto SpA and former Valentino Fashion Group SpA chairman Antonio Favrin in deal to buy 66.7 percent of Ratti for $30.6M.

clock November 3, 2009Luisa Zargani


Daily Stock Wrap: November 02, 2009

The day’s top gainers and losers.

clock November 3, 2009WWD Staff


Today's Must Read

FILE - In this Monday, Nov. 5, 2018 file photo, a woman walks past the logo for Google at the China International Import Expo in Shanghai. Google says it's making progress on plans to revamp Chrome user tracking technology aimed at improving privacy even as it faces challenges from regulators and officials.  The company gave an update Monday, Jan. 25, 2021 on its work to remove from its Chrome browser so-called third-party cookies, which are used by a website's advertisers or partners and can be used to track user browsing habits across the internet.  (AP Photo/Ng Han Guan, File)


What Happens When The Web's Cookies Crumble

clock March 5, 2021Adriana Lee

Social Studies

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