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Tuesday, June 06, 2006 TODAY'S TOP STORIES Private Equity on Hunt for Young Talent Can investing in a fledgling fashion house reap profits? A growing number of European investors think so, and they are starting to pump capital into young fashion brands. Penney's Taps West for Top Jobs J.C. Penney Co. has named Catherine G. West to be executive vice president and chief operating officer. _________________________________________________ JOB OF THE DAY Web Designer LA based e-commerce site needs a talented web designer to /develop web pages and graphics, prepare images and content for use on the website, maintain the website, and create and deploy marketing e-mails as directed. The successful candidate must possess strong technical and design skills, be comfortable with multiple projects and priorities and will demonstrate proficiency in Flash, Actionscript 1.0/2.0, HTML, PHP, Java and MS office platforms. Great salary and benefits! Apply at wwd@24seveninc.com _________________________________________________ FINANCIAL Industry Stocks Follow Wall Street Sell-off An indication on Monday that the Federal Reserve would raise interest rates to tame inflation shook investors, who pulled back on most sectors. Jones to Provide Severance Plan Jones Apparel Group Inc. said in a regulatory filing with the Securities and Exchange Commission on Monday that the company adopted a severance plan, effective May 31. GENERAL In Brief: Bon-Ton Picks Top Executives ... Winners' Circle ... Quest Names Four A brief look at some of the day's stories. David Meister Appoints Cook President Seventh Avenue veteran Gail Cook has joined David Meister as president. True Religion Names Chief Operating Officer True Religion Apparel Inc. has announced the second change in three months in its top executive. EYE Stars In Their Eyes Luminaries of American fashion and the big screen tried to keep their cool Monday night as they piled into the New York Public Library's Astor Hall for the 2006 CFDA Fashion Awards. Warming Up One would think the nominees and honorees of the 2006 CFDA Fashion Awards would spend the eve of the event resting at home and praying their lucky stars are all aligned for the big night. Andy Warhol's Memorial: A Snapshot in Time For Christophe von Hohenberg, the Vanity Fair assignment was simple enough: photograph women wearing miniskirts at Andy Warhol's memorial service. TEXTILE & TRADE REPORT Machinery Investment Falls Global shipments of weaving, texturing and flat-knitting machinery posted significant declines in 2005 compared with the strong investments made the year before, an industry survey said. Cambodian Apparel Exports Surge 9.6 Percent in 2005 Cambodia's apparel and textile industry is on the rise, a new report said. Stretching Products to Meet Needs Apparel brands and retailers have sought to gain a competitive edge by offering garments with special characteristics. U.S., South Korea Begin Trade Talks The U.S. kicked off negotiations for a free trade agreement with South Korea on Monday against a backdrop of protests from Korean farmers and labor activists. Importers Want AGOA Provision Extended U.S. importers are pushing for the extension of a provision in the African Growth & Opportunity Act that lets producers use fabric from countries outside of the region, primarily in Asia. MEDIA/ADVERTISING Memo Pad: Blow Hospitalized ... Wedding Bells For Hugh And Jemima? ... Full Mast Isabella Blow, Tatler's fashion director, has been hospitalized in London after a fall, and is in very serious condition, according to industry sources. BEAUTY REPORT Beauty Beat: Suppliers Probe Perfumery Issues ... Walgreens Acquires Happy Harry's In some of the symposium's lighter moments, Bill Rancic, the winner in the first season of Donald Trump's "The Apprentice," spoke about his experience in establishing a $55 million online cigar business. FASHION Architect Hadid Making Connection in Fashion It seems as if an architect isn't worth his or her drafting pen unless it's also been used to design a line of furniture, pasta, toys or some other household object. Fashion Scoops: Points East ... Duffy Departure ... Temperature Rising ... Marc Jacobs touched down in Tokyo on Monday to prepare for Louis Vuitton's first runway outing outside of Paris. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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