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WWD Ad-Edit Template.Indt ADVERTISEMENT WWDMONDAYJuly 26, 2010 • $3.00 INTRODUCING FALL 2010 WWW.TYLERRODAN.COM PRETTY PRACTICAL EVERY BAG COMES WITH AN UMBRELLA WWW.TYLERRODAN.COM 2 WWD, MONDAY, JULY 26, 2010 WWD.COM Polo to Control South Korean Business By Vicki M. Young that enables us to directly oper- WWDMONDAY ate all of Asia with greater con- POLO RALPH LAUREN CORP. sistency across all markets and Accessories/Innerwear/Legwear has now taken its entire Asian channels in a manner that is more business in-house. closely aligned with our global FASHION Polo said Friday it will assume brand positioning and objectives.” A steady stream of famous and famous-looking direct control of its wholesale and The company began buying ▲ 6 diners — some in straight-from-the-office attire, retail distribution in South Korea back its Asian licenses in 2007, others in jean cutoffs — have come in for a bite from the licensee in that market, with the first being the Japanese at The Lion, a Manhattan bistro off lower Fifth. Doosan Corp., beginning Jan. 1. license. Polo has since bought The apparel firm said Doosan back the operations in other GENERAL will receive consideration of $47 Asian territories. The most recent Thanks to the Internet, the line between designer, million, consisting of a $25 mil- acquisition was the license with 1 Roger Farah consumer and brand is blurring as more and more lion cash payment for certain as- Dickson Concepts International businesses are being developed where consumers sets and an additional estimated Ltd., which it bought for $20 mil- get a say in what is designed and produced. payment of $22 million for inventory and other lion, plus $17 million in other consideration. assets, at closing on Dec. 31. The Dickson license, which ended Dec. 31, 2009, Spanish retailer Zara opened three stores in Doosan, which had the license for 12 years, was for the distribution of Polo-branded apparel 3 India within five weeks, through a joint venture will continue to distribute Polo Ralph Lauren in China, Hong Kong, Indonesia, Malaysia, the with Trent Ltd. products in the region until the end of the year. Philippines, Singapore, Taiwan and Thailand. Since it was founded in 1995, the Accessories There are currently 175 shop-in-shops and five Acquired licensed businesses become wholly 9 Council has grown in membership and scope and freestanding stores throughout South Korea. owned operations of Polo Ralph Lauren. A spokesman for the company said after the ac- With the Doosan announcement, Farah said, its annual ACE Awards have drawn celebrities quisition of the Doosan license closes, there won’t “[W]e are looking forward to a fully integrated and designers. be any other Asian licenses left in operation. Asian strategy that includes South Korea and le- EYE “Expanding and elevating our international verages the Hong Kong-based leadership, exper- presence is one of our highest strategic priori- tise and infrastructure we have established over 4 Robert Wilson’s annual midsummer benefit for his ties,” said Ralph Lauren, chairman and chief the last year in order to optimize the unique op- Watermill Center is always an over-the-top, weird executive officer. portunities of each country.” affair, but this year’s event on Saturday night, Roger Farah, president and chief operating The company is scheduled to report first- themed “Paradiso,” seemed even more so. officer, said, “Assuming control of South Korea is quarter results on Aug. 4. Vera Wang WWD Intimates is included as another important milestone in our broader Asian Shares of Polo Friday closed at $79.22, up a supplement to this issue. growth strategy. It is a major piece of the strategy $2.75 or 3.6 percent. Classified Advertisements.................................................................................................23 TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS [email protected], USING THE INDIVIDUAL’S NAME. Jones Apparel, Inter Parfums Ink Deal WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2010 FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. VOLUME 200, NO. 17. WWD (ISSN 0149–5380) is published daily (except for Saturdays, Sundays and holidays, with one By Julie Naughton ceo and chairman of the board at Inter Parfums. additional issue in January, May, June, October and December, two additional issues in March, April, August, September and “The loyal, multigenerational Nine West cus- November, and three additional issues in February) by Fairchild Fashion Group, which is a division of Advance Magazine JONES APPAREL GROUP INC. HAS ENTERED tomer, which includes just about all the women Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Condé Nast: S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. Bellando, Executive Vice President/COO; into a worldwide licensing agreement with I know, will be in our sights as we develop and Jill Bright, Executive Vice President/Human Resources. Periodicals postage paid at New York, NY, and at additional Inter Parfums USA, a subsidiary of Inter launch our first and subsequent fragrances and mailing offices. Canada Post Publications Mail Agreement No. 40644503. Canadian Goods and Services Tax Registration No. 886549096-RT0001. Canada Post: return undeliverable Canadian addresses to: P.O. Box 503, RPO West Beaver Cre, Parfums Inc., for the creation, production, mar- ancillaries under the brand.” Rich-Hill, ON L4B 4R6 POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North keting and distribution of women’s scents under Separately on Friday, Inter Parfums and its Hollywood, CA 91615–5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: the Nine West brand. Paris-based subsidiary, Inter Parfums SA, re- Please write to WWD, P.O. Box 15008, North Hollywood, CA 91615-5008, call 800-289-0273, or visit www.subnow.com/wd. Please give both new and old addresses as printed on most recent label. Subscribers: If the Post Office alerts us that The initial contract runs through 2016, with ported that their second-quarter sales were up your magazine is undeliverable, we have no further obligation unless we receive a corrected address within one year. If a provision for further renewal, and the first more than 20 percent. during your subscription term or up to one year after the magazine becomes undeliverable, you are ever dissatisfied with scents are expected to hit counters in fall 2011, Inter Parfums Inc. posted sales of $107.8 mil- your subscription, let us know. You will receive a full refund on all unmailed issues. First copy of new subscription will be mailed within four weeks after receipt of order. Address all editorial, business, and production correspondence to WOMEN’S said Richard Dickson, chief executive officer of lion during the quarter ended June 30, a 21.6 WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, please call 212-630-4274 branded businesses at Jones Apparel Group. He percent increase from $88.6 million in the same or fax requests to 212-630-4280. Visit us online at www.wwd.com. To subscribe to other Fairchild magazines on the added they will be sold globally in department period last year. The firm, which just signed a World Wide Web, visit www.fairchildpub.com. Occasionally, we make our subscriber list available to carefully screened companies that offer products and services that we believe would interest our readers. If you do not want to receive these and specialty stores, as well as Nine West’s free- beauty licensing deal with Betsey Johnson, at- offers and/or information, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. standing retail stores. tributed the gain to an upturn in sales from its WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR THE RETURN OR LOSS OF, OR FOR DAMAGE OR ANY OTHER INJURY TO, “Nine West has been creating dynamic fash- international specialty retail product distribu- UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART ion accessories for women since 1978,” Dickson tion business and product launches. WORK, OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED told WWD, adding that the company sells in 59 TO DO SO BY WOMEN’S WEAR DAILY IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED countries and operates about 1,000 of its own MUST BE ACCOMPANIED BY A SELF-ADDRESSED STAMPED ENVELOPE. stores globally. “Our DNA has been about satis- fying cravings to be on trend, to be what’s hot BEAUTY BEAT and new. Fragrance has those same emotive Year-to-date sales jumped 26.9 percent to DAILY If you make the qualities. Once you understand the brand and $227.1 million from $179 million in the first six the emotional connection, all of a sudden our months of 2009. QUOTE technology“ and tools going into the fragrance business makes a lot of Meanwhile, revenues at Inter Parfums SA sense. We believe the fragrance is a great exten- jumped 24.2 percent in the second quarter to sion of the Nine West brand.” 72.4 million euros, or $92.2 million, driven in accessible to large enough numbers The licensing agreement also gives part by growth from long-established product Firmenich the exclusive right to create and sup- lines and emerging markets. of people, you have the possibilities ply the initial Nine West scent, noted Dickson, At constant exchange, revenues increased adding that Jones is in the beauty business for 23.4 percent. of new industries evolving and the the long haul.
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