Bad Day for the Markets: Economic Worries Send Stocks Down Worldwide
Overview
Hopes for a seamless economic recovery might have been a mite optimistic. That was the verdict of the world’s securities markets Thursday as investors sold with a zeal approaching abandon.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLESFrom This Issue
Business Features
Economic Fears Send Stocks Down Thursday
Major indices in U.S. and Europe log steep declines.
People
All Aboard Giorgio Armani’s Yacht… Replay’s Bash in Cannes…
Naomi Watts and Elizabeth Banks celebrated her film “Fair Game” on Giorgio Armani’s yacht.
Financial
Gap Leads Specialty Earnings Results
Gap reported a 40.5 percent rise in first-quarter net income.
Mergers and Acquisitions
Mitchells Buys Thomas Miller
Mitchells Family of Stores, the specialty store chain, agreed to acquire Thomas Miller, an upscale men’s shop in Woodbury, N.Y.
Financial
Hugo Naturals Gets New CEO, Funding
Natural personal care brand’s new owner is Manhattan Growth Partners.
Color Cosmetics
Maybelline’s Aim: More Than Mascara
Maybelline New York is looking to become more of a one-stop shop for women’s cosmetics needs.
Color Cosmetics
Makeovers Aplenty at Makeup&Go
As a specialist in pairing brands with Hollywood properties, Lori Sale knows plenty about the products and services provided by global beauty corporations.
Beauty Features
Snippets: Sebastian’s Love Affair… Jurlique Goes West…
Sebastian’s Shaper hair spray brand is celebrating 25 years of existence with limited edition packaging for three of its offerings.
Textiles
Tumi Refocuses on Customer, Not Fashion
Tumi is refocusing its efforts on its core travel and business-professional consumers, and also has strategies for growth.
Retail
Yves Rocher Expands Internationally
Yves Rocher, the botanical beauty brand, aims to become a global firm.
Financial
Michelle Cherrick Joins Demeter Group
Demeter Group, a boutique investment bank based in San Francisco, is fortifying its ranks as mergers and acquisition activity heats up in the beauty industry.
Skin Care
Redken Creates Antiaging Range
Redken is getting into the antiaging hair care arena with the launch of Time Reset, a range that offers both in-salon services and take home retail products.
Government and Trade
Congress Considers New Cotton, Wool Funding
Measure would reinstate duty breaks for U.S. cotton shirt, yarn and fabric producers.
Textiles
Marc Jacobs Heads Into Men’s Scent Market
Marc Jacobs Bang bows July 30. The visuals feature the designer Marc Jacobs lying naked on a silver Mylar bed.
Color Cosmetics
Nars Names Francelle Daly National Makeup Artist
Nars cosmetics has named Francelle Daly as its national makeup artist, a new role for the company.
Color Cosmetics
Lauder Introduces Pecheux and Jablonski at Paris Bash
Hundreds attend cocktail party, which also showcased Pecheux’s Pure Color line.
Marketing and Promotion
Boots Sees Partnerships as Key to Strategy
Agreement with P&G for distribution of Boots skin care brand kicks off.
Ready To Wear
AllSaints Opens NYC Flagship
Edgy contemporary label AllSaints Spitalfields will open its first New York store today in SoHo at 512 Broadway.
Retail
Macy’s Teams Up With IndyCar for Race Promotion
Macy’s is all revved up about its latest promotion with the Indianapolis 500.
Fashion Scoops
The Versace Touch… Louboutin’s Angels… Brazil Booster…
Versace has partnered with ModeLabs Group to create Unique, its first touch-screen luxury mobile phone that will be available next month.
Media
Tops at T… Filling Some Spots… Seventeen Breaks Up With ANTM…
After a long and relatively quiet selection process, sources say The New York Times is close to revealing its pick for editor in chief of T.
Retail
Topshop Opens in Knightsbridge
Sir Philip Green cuts the ribbon at the Topshop opening, attended by Kate Moss, Charlotte Dellal, Daisy Lowe and Poppy Delevigne.
Financial
Lobell Teams With Kevyn Aucoin Beauty
Kevyn Aucoin Beauty is getting a new creative director and an infusion of capital.
![Carine Roitfeld is letting a new generation take the reins of the magazine she founded. Mostly.
Like the new logo for the biannual CR Fashion Book print magazine Roitfeld founded in 2012 after leaving French Vogue and has been the lead editor and stylist of since — now a much smaller, more refined “CR” that hovers in the top left corner after being a nearly cover-size signature — Roitfeld is reducing her role, and will now oversee editorial after years of leading it.
Vague as that description may be, the fact is Roitfeld doesn’t actually have a new title and there is no one replacing her as editor. But she will be doing far less styling of shoots (she only did one for the upcoming spring/summer issue; before she did all of them) and curation of magazine editorial going forward. Instead, Roitfeld will focus more on other projects, like collaborations and work for a growing roster of clients for her creative studio and brand consultancy CR Studio. There’s Chanel and Karl Lagerfeld and Tom Ford, of course, but also a recent campaign for Jordache, which Roitfeld handled from beginning to end. "I don’t know what I now want to be called,” she said recently, having just arrived in New York for fashion week from Paris. “I don’t have a desk [at the office] either. I had one a while ago but I didn’t like it. I just sit at any table with a free chair. I don’t want a door, ‘Oh, knock before entering.’ That’s not me.” Report: Kali Hays
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