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Monday, October 23, 2006 TODAY'S TOP STORIES For Rent on Fifth Ave.: Plaza Hotel Developers Woo Luxury Retailers The mythical sprite Eloise would be rawther curious about the makeover going on at the Plaza Hotel - which could mean that Bergdorf Goodman and Barneys New York end up with a competitor in their midst. Donatella Looks to Expand in China "Just coming and seeing everything was the best part, getting to see the cities and how they are so ancient but also very modern, so there is a contrast," remarked Donatella Versace regarding her inaugural trip to China this week. VF Earnings Rise 10.1% Revenue growth across all divisions pushed VF Corp. to its 12th consecutive quarter of earnings gains. _________________________________________________ JOB OF THE DAY Account Executive Well-regarded New York outerwear brands needs proactive sales executive to manage wholesale and retail accounts. This position requires prior experience in the outerwear market as well as existing relationships with major department stores and high-end boutiques. Salary commensurate with experience, to $90k. Apply at wwd@24seveninc.com _________________________________________________ FINANCIAL As Dow Jones Hits New Heights Retail Shares Enjoying the Ride As the Dow Jones Industrial Average clocks record highs, investors are searching for cyclical stocks, like retail, with the hope of reaping hefty returns. Morellato SpA Buys Sector Group Italian jewelry and watchband maker Morellato SpA bought 100 percent of watch manufacturer Sector Group in a bid to find business synergies and expand beyond Europe. Hermes to Buy Vaucher Stake Hermes, the French luxury firm, said it would buy 25 percent of high-end Swiss movements maker Vaucher Manufacture Fleurier for 25 million Swiss francs, or $19.7 million at current exchange. Legal Briefs: Financial Coach Inc.'s lawsuit against Target Corp. was dismissed with prejudice on Friday. GENERAL In Brief: Time For The Arts Tonight the watchmaker Movado will launch its Movado Future Legends, an initiative that will help support thriving young artists in the fields of dance and music, with a reception and performance of the Kirov Orchestra of the Mariinsky Theatre at Lincoln Center's Avery Fisher Hall. Head of the Class Between the blustery, rainy afternoon and the mint herbal tea he orders to warm up, British actor Julian Ovenden must feel right at home while making his Broadway debut in "Butley," opening Wednesday at the Booth Theatre. Princess Irene Galitzine Dies at 90 Princess Irene Galitzine, a Russian emigre who set up her own fashion house and rose to international fame for her palazzo pajamas and other striking designs, died Thursday night at her home in Rome. FIT Couture Council For Ralph Rucci, a designer who has spent the past 25 years unceremoniously honing his craft, it was fitting that scores of his admirers were on hand Thursday when he received the first Artistry of Fashion Award from The Museum at FIT's Couture Council. Designers Take a Bow at Cooper-Hewitt Guests attending the National Design Awards at the Cooper-Hewitt Design Museum merely had to look up at the chandeliers made of Slinkys to get a sense of where design is heading. LIM Gives L&T's Olexa Her Night to Shine LaVelle Olexa may be shy and soft-spoken, but her usual grace and charm held up in the company of 250 friends, family and colleagues Thursday night at the Harmonie Club, where the Laboratory Institute of Merchandising, the College for the Business of Fashion, honored her by announcing a scholarship fund had been established in her name. _________________________________________________ WWD.com Get instant access to everything you need to know about the fashion and retailing business. Subscribe to the online home of Women's Wear Daily and get all the day's news as well as up-to-the-minute breaking news, web exclusives, complete classified listings and more. http://www.wwd.com/subscribe _________________________________________________ MEDIA/ADVERTISING Memo Pad: Blanchard's New Home... A Single Lens Wenner Media is cementing its commitment to the Web by heading to the wild side. FASHION Uniqlo Taps Designers For Capsule Collections When it comes to marketing itself in the U.S., Uniqlo hasn't missed a trick. Put to the West: Los Angeles... More from the Shows During last week's Los Angeles Fashion Week, designers channeled everything from the starry heavens to Mexican folklore, sending out looks that were sexy, sweet and sporty. Fashion Scoops: Tahari's Friends... Giving Back... Happy Halloween Elie and Rory Tahari received recognition for their charitable work Thursday at the Friends in Deed Fall Benefit Dinner at Balthazar with support from friends and customers. Talking Kors There was plenty Michael Kors would talk about at a lunch in his honor here - and some things he wouldn't _________________________________________________ Only A Few Spots Left! WWD/DNR CEO Summit: Nov 1-3, Ritz Carlton, NYC : Where CEOs Do Business. Don't get shut out of the apparel event of the year. Join Terry Lundgren, Donatella Versace, Steven Sadove, Maureen Chiquet, Ross Levinsohn, Elie Tahari and more than 150 apparel CEOs for two days of thought leadership, high-powered networking and practical intelligence that will move your business forward. Email ceoapparel@fairchildpub.com for program details. _________________________________________________ TEXTILE & TRADE REPORT Leather Goods Brands Take Slow Route to China Not all companies are rushing into China to sell their goods, though it might be tempting, since an estimated 18 percent of the country's 1.3 billion people are considered middle class. EYE One-Stop Shop If anyone got any work done on Thursday, bravo, because the day was packed with social calls from noon through night. ACCESSORIES REPORT A Potpourri of Trends Rule at Premiere Classe Buying budgets and attendance were up at the Premiere Classe accessories show, which ended its four-day run here at the Jardin de Tuileries on Oct. 9. INNERWEAR REPORT November Market Presents Challenges The November market here continues to pose a vexing issue for manufacturers and retailers. RETAIL Retail Market Feels Fast Fashion Effect As fast fashion retailers expand, they are putting greater competitive pressure on apparel retailers such as Old Navy and Aeropostale, according to a recent report from Coleman Research Group. BEAUTY REPORT Samuel Par Skin Care Back With Fresh Look When Parisian skin care brand Samuel Par was introduced to the market 20 years ago, its aromatherapy approach was on the cutting edge of the industry. A lot has changed since then, and Samuel Par has, too. Firmenich Annual Sales Rise 13.5% Swiss fragrance and flavors supplier Firmenich's sales rose 13.5 percent, to 2.3 billion Swiss francs, or $1.82 billion at average exchange, for the fiscal year ended in June. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
To subscribe go to WWD online: www.pubservice.com/fcarchive.aspx?PC=WO&PK=454NEWS
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Posted by Hong Xiaowan to Fashion Design at 10/23/2006 12:12:36 AM
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