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Thursday, May 10, 2007

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Thursday, May 10, 2007
TODAY'S TOP STORIES
A Colorful Deal: L'Oreal Buys Salon Hair Care Brand PureOlogy
One of the salon industry's hottest hair care brands - PureOlogy - is now in the hands of L'Oreal, which purchased the Irvine, Calif., company for an undisclosed amount of cash Wednesday.
Isabelle Guichot to Be Named CEO at Balenciaga
Balenciaga is about to welcome a new president and chief executive, WWD has learned.
Von Furstenberg Molds Newest Creation
Hours before the Costume Institute Gala at the Metropolitan Museum of Art Monday night, Diane von Furstenberg wasn't putting the finishing touches on her dress or having her hair done.

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Men's Designer
Men's Activewear Designer needed for top Athletic firm in NYC. We are looking for candidates who have 5+ years in apparel design, and 3+ in performance product. Strong Photoshop/illustrator is a must! Salary up to $150k. Please respond with "WWD Men's Designer" in the subject line of your email.
Apply at wwd@24seveninc.com
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DENIM REPORT
True Religion Earnings Slump
Earnings for True Religion Apparel plunged during the first quarter because of slim sales gains and a double-digit increase in selling, general and administrative expenses.
Women's Denim Sales Drop
The denim bubble might have burst in 2006, particularly in the women's market, according to a report from research firm the NPD Group.

THE BEAT
Intermezzo Shimmers With Holiday Offerings
It was all about shimmer and shine at ENK International's Intermezzo trade show here this week.

FASHION
Fashion Scoops: Fiery Night... Air France... Lily Of London
A handful of actors were forced to evacuate their homes in Los Feliz Tuesday night as wildfires damaged over 800 acres in Los Angeles' historic Griffith Park.
Pilati Creates a YSL Line for All Seasons
Given a choice, Yves Saint Laurent designer Stefano Pilati says he would much rather see plenty of women walking around in his designs than erect some enormous brand temple.
Vera's New View
Vera Wang can't believe the prices. "I say, 'Tell me how much that's going to cost?' And they say $60 for a dress," said the designer about her new line Simply Vera Vera Wang, an exclusive with Kohl's Department Stores. "Is that not amazing? I think it's so cool."
Luxury's Star Turn at FIT
There is no shortage of luxury items in the fashion world. The story of how they wound up as a dominant presence is a topic that will be explored starting this month by the Museum at the Fashion Institute of Technology.
Casual Stays Classy at Atelier
The Atelier Designer Collections at the Double Tree Hotels Suites Hotel here embodied casual comfort, but maintained a level of sophistication to which buyers of higher-end lifestyle brands have grown accustomed.

THE WWD LIST
Public Knowledge
Key political, entertainment and sports figures ranked by how many respondents could identify them.

MEDIA/ADVERTISING
Memo Pad: Change Of Plans... Timely Fashion... Sweet Nothings
Things have changed at American Media Operations Inc., now that it has finally released its financials for the quarter ended June 30, 2006 and its restated numbers for 2005.

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WWD Fashion Career Expo - Coming Soon To L.A.!
May 17th, 10 AM - 3 PM, Los Angeles
CA Market Center, 110 East 9th Street
Hundreds of prescreened candidates meet hiring decision-makers of marquee companies in the fashion, retail and beauty industries for one day of interviewing.

Interested in attending? Visit www.FashionCareerExpo.com
Interested in exhibiting? Contact Melissa Yoblon at (212) 655-4505 ext. 262 or MYoblon@FashionCareeerExpo.com to reserve your booth now!
www.FashionCareerExpo.com
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FINANCIAL
Halston Taps Bonnie Takhar
Tamara Mellon didn't look too far to find a chief for Halston.
Brands Appeal to Mother's Day Spending
Mother's Day has become an opportunity for apparel retailers to build brand loyalty among daughters, mothers and grandmothers.
Cache Set to Purchase Supplier
Cache Inc. has agreed to acquire Adrienne Victoria Designs, its largest supplier, the company said Wednesday. The deal is to close around June 30.
Marc Jacobs Units Tap Into Local Flavor
Marc by Marc Jacobs is expanding on all fronts, clipping along as fast as its sales of bangle bracelets, clutch wallets and other items.
Pair of Smaller Houses Get Investors' Attention
Investors are getting keen on smaller Paris fashion houses.
PVH CEO Received $6.7M in '06
Phillips-Van Heusen Corp.'s chief executive officer Emanuel Chirico received a total pay package of $6.7 million in 2006, according to a regulatory filing with the Securities and Exchange Commission on Wednesday.

RETAIL
Industry Establishes Unit for UJA
Gilbert Harrison and his wife, Shelley, opened up their Manhattan home to launch the Retail and Apparel Leadership Group of the UJA-Federation of New York last Thursday night.
Barneys Succumbs to Moss Mania
If demand exceeding supply is a measure of success, then Barneys New York scored on Wednesday with the launch of Kate Moss' Topshop collection.

GENERAL
In Brief: Parson's Students Debut... Cycle Chic... YMA Funds 90 Scholorships
Parsons The New School for Design will present the work of graduating seniors from its AAS Fashion Studies program tonight at the eighth annual Line Debut, a runway show at 101 River Views at 101 Sixth Avenue in Manhattan.

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