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Testing the Waters

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Testing the Waters BRINKLEY STRETCHING OUT FARFETCH OPENS ON BEAUTY AN OFFICE CHRISTIE BRINKLEY IN TOKYO AS UNVEILS A NEW SKIN CARE THE RETAILER NETWORK LINE AND TALKS ABOUT CONTINUES TO HER 40 YEARS IN THE ADD COUNTRIES SOPHIA’S SPACE FASHION AND BEAUTY AND STORES. NASTY GAL FOUNDER SOPHIA AMORUSO OPENS THE WORLDS. PAGE 8 PAGE 9 BRAND’S FIRST BRICK-AND-MORTAR STORE. PAGE 5 GAP’S INCOMING CEO XXXXXX Peck Picks His Team: Xxx Xxx Xxx Unveils Major Shake-Up Xxx Xxx Xxx Xxx By DAVID MOIN By OVIDIS A NATQUE NET ART PECK isn’t wasting any time at Gap Inc. Although he doesn’t offi cially take the reins of chief MENDA VOLUPTA turepudit, quias nestis accus as executive offi cer until February, succeeding Glenn resti beriasi doluptatem. Nem aut aperunto est ut Murphy, Peck is showing his impatience with the re- perrori taquidem aut qui blatem ad eium fugiantur tailer’s ongoing lackluster performance by shaking up modi cus vel iusam fugiamus, omnim volendus, sinus its management. On Thursday, he named new heads eaquas dolorep tatatent qui que sandelendis quis aut FRIDAY, NOVEMBER 21, 2014 ■ $3.00 ■ WOMEN’S WEAR DAILY for the Gap and Banana Republic divisions. voluptur? Jeff Kirwan, 48, for the past three years president Nam essint aut ea duntinv elendiciam num exp- WWD labo ribusae niam quidebi ssimet autat. of greater China for Gap Inc., will become global president for Gap brand in December. He succeeds Antiur, nobit faceptat. Stephen Sunnucks, who will leave the company on Idis molupti nonsequis doloren impelecae nusci Dec. 19, after steering the growth of the brand to al- im solente molorep eribus des corpora tibus, odis et most 50 countries over the past decade. dunt dolorpo reiciatem dolo int adigend uciendus Andi Owen, 49, who currently leads the Gap Outlet aperita consequam utatur, quiani conectiam ut as division, will become global president for Banana intionsequas et quaeriat qui aut unt omniendi blabo. Republic on Jan. 5. She succeeds Jack Calhoun, who will Tem voluptat quam cum et fugia il mo etus aut eicae depart in February. He led the brand for eight years. lam, offi ctoribus adistionsed que non re cone con The decisive action by Peck, coming just a month cumquasped et quis del mo dellupt ataerum faccae after he was named incoming ceo, was triggered by repudae ne voluptat la cusapit periscilit quis eiur, aut the prolonged disappointments at both Gap and et atur asitisimi, autem quo quia nis quid qui ut auta Banana Republic. dolesequi corum qui debitatur, quiam nis mos volu- Last quarter was no exception. Comparable-store pis sequam faccus si im el il isimoditis volorporem sales at Gap Global were down 5 percent and Banana imporro conse con ratquiasse vellum re et et optate Republic’s comps fell fl at for the period ended Nov. 1. con consequuntio doluptiam eata digenis aut offi c to On the other hand, Old Navy Global reported that inctur sam re re dolupta tessin con pe corio dolorum its comp sales rose 1 percent, which is hardly impres- aditias et el et mi, ius dolori bla eosam utem even- sive but indicative of the long term trend of Old Navy dae offi cae nobistr umquos milliqui apiendam rere- outperforming the other two core divisions. Old Navy hen dendandi doluptur maiorrovid eum es quid eturi has been fueling the lion’s share of Gap Inc. profi ts tem re, incipsa nisquiam quatenimet quiditatem im- by selling much cheaper clothes and having supe- porrovid ut quia di simporest et la dolorro blant eos rior marketing and margins. Gap Inc. also operates dolupti atistia cus, aborpore landio to blautet as aut Athleta, Piperlime and Intermix. offi cipsam earciaes excearum, qui te offi cilicit est aut “I was impatient to get the team in place for 2015,” id mil min ea pore mil iumque pro vit offi cab il en- Peck said during the conference call covering the ex- dantotatum verovid mod et rat.Soloremquiam et pro ecutive changes and Gap Inc.’s third quarter results. que pelique plibus et, similiqui ius essi re arum et The executive changes were “based on my deeper od mo earum aliquat latur, offi c tem faciend itatend experience and knowledge of the company and its esequatur molene landit endam solor sene vitaqua ti- executives,” Peck said. asitaquunt faccuptur sum qui od untorum facitiis do- SEE PAGE 4 lessita dolupta temporepe platect enistiam con conse- ditae. Itatum et aut ant enim acillor am eos esectas et explam repudae. Nequam, omniminum faceruptatas The Cavalli Sale Saga: Testing It Goes On, and On…. Xxxxxx Xxxxxx By OVIDIS A NATQUE NET By LUISA ZARGANI MENDA VOLUPTA turepudit, quias nestis accus as MILAN — To sell or not to sell? resti beriasi doluptatem. Nem aut aperunto est ut That is one of the questions casting a cloud over perrori taquidem aut qui blatem ad eium fugiantur The Waters the sale of a majority stake in the Roberto Cavalli modi cus vel iusam fugiamus, omnim volendus, sinus Asia has brought to the U.S. brightening products group to VTB Capital, a transaction that has been eaquas dolorep tatatent qui que sandelendis quis aut and alphabet creams, but now it’s bringing a new taking months to materialize. The deal is still on the voluptur? table, but the parties have yet to come to an agree- Nam essint aut ea duntinv elendiciam num exp- secret agent — water. It might seem obvious, ment, according to a market source. labo ribusae niam quidebi ssimet autat. but the beauty industry is going with the fl ow. Reached by WWD, a wistful Cavalli expressed Antiur, nobit faceptat. For more, see page 6. concerns about his future and that of his brand. “It Idis molupti nonsequis doloren impelecae nusci has been diffi cult to understand the real intentions im solente molorep eribus des corpora tibus, odis et of these strange buyers, and I have decided that if dunt dolorpo reiciatem dolo int adigend uciendus you take away the pleasure of creating, I would grow aperita consequam utatur, quiani conectiam ut as old,” said the designer, implying that total control of intionsequas et quaeriat qui aut unt omniendi blabo. the brand remains a priority, one that would perhaps Tem voluptat quam cum et fugia il mo etus aut eicae have been compromised with the sale. lam, offi ctoribus adistionsed que non re cone con “I would have wanted so much attention on cumquasped et quis del mo dellupt ataerum faccae Cavalli,” he added, blaming Ittierre’s bankruptcy for repudae ne voluptat la cusapit periscilit quis eiur, aut “very much complicating the continuation of my com- et atur asitisimi, autem quo quia nis quid qui ut auta pany.” The Italian manufacturer was Just Cavalli’s li- dolesequi corum qui debitatur, quiam nis mos volu- censee, but was put under government-backed bank- pis sequam faccus si im el il isimoditis volorporem ruptcy protection in 2009. The line is now produced imporro conse con ratquiasse vellum re et et optate by Staff International. con consequuntio doluptiam eata digenis aut offi c “I have grand projects in mind — this is also the to inctur sam re re dolupta tessin con pe corio do- reason that pushes me to wait, to be confi dent of a lorum aditias et el et mi, ius dolori bla eosam utem sure thing with sure partners,” concluded Cavalli. evendae offi cae nobistr umquos milliqui apiendam One source said the parties are “still negotiating rerehen dendandi doluptur maiorrovid eum es quid and fi ne-tuning the details” and that “another kind eturi tem re, incipsa nisquiam quatenimet quiditatem of agreement could be reached,” pointing to glitches imporrovid ut quia di simporest et la dolorro blan PHOTO BY GEORGE CHINSEE, STYLED BY SHARON BER in the original contract. It is understood that Cavalli SEE PAGE 9 SEE PAGE XX 2 WWD FRIDAY, NOVEMBER 21, 2014 WWD.COM Gaultier Workers Call Attention to Cuts DIGITAL BRIEFING BOX FOR MORE COVERAGE, FIND US ON WWD.COM, SOCIAL AND MOBILE. headquarters on the Avenue des The madcap designer, exiting By MILES SOCHA Champs-Élysées. rtw after 38 years, lamented the Ralph Toledano, president of speed of fashion and the associ- ON WWD.COM PARIS — About 40 employees the fashion division at Puig, de- ated business pressures, saying of Jean Paul Gaultier SAS dem- clined all comment on the plan it saps creativity and, ultimately, onstrated in Paris on Thursday but told WWD: “This is a pro- robs consumers of newness. Top 10 NBA Fashion Plates to call attention to proposed job cess. We are in a free country. If “Commercial constraints, as WWD took a look at the state of NBA fashion and found cuts at the fashion house. people want to make a demon- well as the frenetic pace of col- 10 style stars off the court. Log on to WWD.com to see In September, the French de- stration, it’s their right, and we lections, don’t leave any free- who is leading fashion’s fast break now. signer announced plans to halt respect that.” dom nor the necessary time to his women’s and men’s ready-to- Gaultier’s decision to stop find fresh ideas and to inno- Chris Carmelo Russell Westbrook wear collections in order to focus rtw and accessories was made vate,” he wrote in a letter ad- Anthony on couture, fragrances and spe- in concert with Puig executives dressed to WWD. Bosh cial projects. following an “in-depth assess- The retrenchment pointed to The works council said it ment” of the future of the house, the challenges faced by midsize “deplores the extent of the re- as reported.
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