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Monday, June 12, 2006 TODAY'S TOP STORIES Claiborne's New CEO? Bousquet-Chavanne Said Nearing Liz Deal Liz Claiborne Inc. could be closing in on Paul Charron's successor. Tom Ford Postpones Store Opening Tom Ford fans will have to wait until next spring before they can slip into something from his eponymous men's collection. Federated Vendors Hit With 5% 'New Store Allowance' The issue of chargebacks and vendor allowances is likely to remain a hot button this year. _________________________________________________ JOB OF THE DAY Technical Designer Well regarded NYC based retailer is looking to expand its internal Technical Design team on all levels. The ideal candidates will exhibit an understanding of the technical design process, from concept to development, and will be familiar with Illustrator and Photoshop. Positions are available on a fulltime and long term freelance basis. WebPDM and Patternmaking experience a plus! Salary commensurate with experience. Apply at wwd@24seveninc.com _________________________________________________ GENERAL Chanel Promotes Cirkva to Division President Chanel Inc. has named Barbara Cirkva to be division president of fashion, watches and fine jewelry in the U.S., and appointed two senior executives in wholesale and retail. LeSportsac Taps Creative Director LeSportsac is taking the next steps under its new ownership, hiring Elizabeth Kiester as creative director. Lance Armstrong's New Mission Seven-time Tour de France winner Lance Armstrong is showing no signs of slowing down with his anticancer crusade. RETAIL Vuitton Sees Further Growth in Japan Louis Vuitton, while firmly established in the Japanese market, still has room to grow. TEXTILE & TRADE REPORT New Trade Chief Schwab Makes Deficits a Priority The new U.S. Trade Representative, Susan Schwab, faces a formidable agenda. UNITE HERE Protests Against Hugo Boss UNITE HERE, the main apparel and textile workers' union, has launched a protest against Hugo Boss Group at stores throughout the U.S. and Canada. _________________________________________________ Check out what's new on WWD.com Get exclusive access to the latest news from WWD Scoop, The Magazine, Beauty Biz and more! www.wwd.com/wwd/scoop www.wwd.com/wwd/themagazine www.wwd.com/wwd/beautybiz www.wwd.com/wwd/accessories www.wwd.com/wwd/salon www.wwd.com/wwd/beautyreport www.wwd.com/wwd/fast _________________________________________________ FINANCIAL L Capital In Talks to Buy Stake in Piazza Sempione L Capital, the private equity fund controlled by LVMH Moet Hennessy Louis Vuitton, is in advanced talks to buy a majority stake in fashion house Piazza Sempione, according to a well-placed financial source. True Religion Takes Step Toward Sale True Religion Apparel Inc. has hired Goldman, Sachs & Co. as a financial adviser in its search for a buyer, investment banking sources said. Leveraging Sales to Offset Higher Costs Despite several consecutive quarters of belt-tightening, retail firms were saddled with higher overhead, payroll and advertising costs during the first quarter. NRF: Organized Retail Crime Rampant Organized retail crime is a "major problem" that cuts across company size and impacts firms from different channels, according to a recent survey by the National Retail Federation. WWD Index Falls 1.9% on Sell-off Stock trading was a bumpy ride last week after investors fled the market on fears of the impact of higher interest rates on corporate profits. Group Reports High-End Spending Up 7% Consumers' deep pockets are becoming deeper and there is no apparent end to their desire for luxury goods, a sector that's also being boosted by the increasing demand from emerging markets. BEAUTY REPORT Beauty Beat: Decleor and Carita Names New President ... Makeup Takes Center Stage at Lancome's Color Design Awards Decleor and Carita have named Alain Emprin president, replacing Herve Lesieur, who has left the firm. READY-TO-WEAR REPORT Tommy Lee Line to Launch at Bloomingdale's People's Liberation Inc. is taking rocker Tommy Lee to Bloomingdale's. Marc Madness One wily shopper, who asked to remain anonymous, confessed to some rather underhanded tactics. FASHION Fashion Scoops: Art Race ... Island Life ... Getting The Picture ... Bernard Arnault is inching closer to establishing an art museum in Paris. Luxe Study: Rating the Brands by Status Affluent consumers may be highly aware of a particular luxury fashion brand -- but that's no guarantee they'll accord it high social status. Refined, Complete Looks Dominate at Dallas Market A shift toward ensemble dressing and cleaner styling emerged at FashionCenterDallas during the four-day market that ended June 4. INNERWEAR REPORT Intimate Items for All Seasons Best-booking items at the May market made up a potpourri of seasonal merchandise that ranged from fall-holiday assortments to spring 2007. Macpherson Livens Up the 'Boudoir' The line is inspired by items worn by strippers, Macpherson said. ACCESSORIES REPORT Cartier's Big Love Fest More than one reveler faced a tough choice when it was time to pick out a Love charity bracelet at Thursday night's cocktail reception at the Cartier mansion on Fifth Avenue here. Findings: De Beers LV's New Secret Designer Raphaele Canot wanted her third jewelry collection for De Beers LV to evoke the intrigue of romance. FINANCING FASHION Merger Creates Tough Road for Vendors As Federated Department Stores works on the integration of May Co. following the $17 billion merger, the impact on vendors is mixed, according to factoring sources whose clients are suppliers to the companies. Analysts Expect Drop in Consumer Spending Despite positive same-store sales for many apparel retailers, analysts predict consumer spending will soften heading into the summer shopping months and back-to-school season. Gap on Track For Rebound, Report Says One of Gap Inc.'s more critical independent analysts, Jennifer Black of Jennifer Black & Associates, changed her outlook on the retailer and now predicts the company is about to make a significant comeback. Fantasy Fuels a Factor's Other Side Gary Wassner was close to getting his doctorate in 19th-century Continental philosophy when his father, who cofounded Hilldun Factors in 1952, fell ill. Done Deals & In Development: M&As, Projects Drive Real Estate At the National Association of Real Estate Investment Trust's REIT Week conference last week in New York, retail real estate luminaries gathered to provide insight on what's new with their companies and their future growth plans. Viewing REITs on a Global Scale The National Association of Real Estate Investment Trust kicked off its 2006 investor conference in New York last week by hosting more than 150 companies at the Waldorf-Astoria in Midtown. MEDIA/ADVERTISING Memo Pad: Cafeteria Mania ... From Page To Screen There hasn't been this much frenzy over a new building in New York since, well, Conde Nast moved into 4 Times Square six years ago. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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