Take Two NEW YORK — Will the Second Time Be a Charm for Sean “Diddy” Combs? the Hip-Hop Mogul Is Giving Women’S Another Go
Total Page:16
File Type:pdf, Size:1020Kb
JONES REPORTS LOSS/3 AVON CALLS REESE WITHERSPOON/5 WWDWomen’s Wear Daily • TheTHURSDAY Retailers’ Daily Newspaper • August 2, 2007 • $2.00 Sportswear Take Two NEW YORK — Will the second time be a charm for Sean “Diddy” Combs? The hip-hop mogul is giving women’s another go. Following a soft launch for spring, it’s full-speed ahead this holiday for his Sean John juniors collection. So just who is Combs targeting? The girl, he says, who wants “a touch of luxe, a little glam, a splash of hot girl and, most important, the style and swagger that comes with the Sean John lifestyle.” Here, his rabbit fur and patent leather jacket, worn with a cotton tank and stretch jeans. For more, see page 6. Highest-Paid Vendors: Ralph Lauren Is No. 1, Earning $25.9M in ’06 By Jeanine Poggi alph Lauren is tops once again. R The chairman and chief executive officer of Polo Ralph Lauren Corp. ranked as the highest-paid executive of an American vendor in 2006, with a $25.9 million pay package. He topped the list for the third year in a row. Polo dominated WWD’s top 10 list of vendor executive compensation, with Roger N. Farah, the company’s president and chief operating officer, occupying the number-two slot with a total pay package of $12.5 million. This included a base salary of $900,000 and stock and option awards worth more See Lauren, Page9 PHOTO BY PASHA ANTONOV PASHA PHOTO BY WWD.COM WWDTHURSDAY Sportswear GENERAL It’s three in a row for Ralph Lauren, as he again was the highest-paid 1 executive of a U.S. vendor in 2006, with a $25.9 million pay package. Jones Apparel Group reported a second-quarter loss, lowered full-year 3 guidance and said it was not for sale and there have been no offers. Giorgio Armani will start selling all Emporio Armani products online in 3 the U.S. next month as part of an ongoing plan to expand e-commerce. Ulrik Garde Due, a senior vice president at Burberry Ltd., has been 5 named chief executive offi cer of Georg Jensen, effective Nov. 1. BEAT: Sean “Diddy” Combs is preparing several major launches in 6 women’s, including a fragrance and Sean John junior sportswear. DENIM: Farmer Jeans has opened a store on Sunset Boulevard, in the 7 hip Eastside Los Angeles neighborhood of Los Feliz. A Senate committee passed a bill that would prod China to revalue its 14 currency by changing the Treasury’s defi nition of a currency manipulation. EYE A talk with director-writer Jeff Blitz, whose fi rst feature fi lm, “Rocket Sci- 4 ence,” deals with a stuttering teen who joins the school debate team. Classifi ed Advertisements.............................................................15 To e-mail reporters and editors at WWD, the address is fi rstname. [email protected], using the individual’s name. WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2007 FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. VOLUME 194, NO. 23. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with one additional issue in January and November, two additional issues in March, May, June, August and December, and three additional issues in February, April, September and October) by Fairchild Fashion Group, which is a division of Advance Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Condé Nast Publications: S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. Bellando, Executive Vice President/COO; Debi Chirichella Sabino, Senior Vice President/CFO; Jill Bright, Executive Vice President/Human Resources. Periodicals postage paid at New York, NY, and at additional mailing offi ces. 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, Rich-Hill, ON L4B 4R6 POSTMASTER: SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA 91615–5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: 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. 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 WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, please call 212-630-4274 or fax requests to 212-630-4280. Visit us online at www.wwd.com. To subscribe to other Fairchild magazines on the 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 offers and/or information, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR THE RETURN OR LOSS OF, OR FOR DAMAGE OR ANY OTHER INJURY TO, UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED TO DO SO BY WOMEN’S WEAR DAILY IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE ACCOMPANIED BY A SELF-ADDRESSED STAMPED ENVELOPE. In Brief ● NEW TRADE BILL: Sens. Max Baucus (D., Mont.) and Orrin Hatch (R., Utah) introduced an omnibus bill Wednesday de- signed to strengthen U.S. enforcement of trade agreements and use of domestic trade remedy laws. The Trade Enforcement Act of 2007 would expand countervailing duty laws governing illegally subsidized imports to include products from nonmar- ket economies such as China, create a Senate-confirmed chief enforcement officer to investigate and prosecute cases and au- thorize $5 million for U.S. trade representative enforcement. It would also change the criteria for a material injury determina- tion by the International Trade Commission in countervailing duty and antidumping cases, and limit the president’s discre- tion under the China safeguard law. ● GLOBAL BRANDS GROUP HIRE: Global Brands Group, which is heading licensing for the 2010 FIFA World Cup, has hired Simon Hawkins, formerly Reebok vice present of sales, as vice president of licensing and sales for Europe, the Middle East and Africa, a new role. Hawkins spent 15 years with Reebok in various sales positions. Based in London, Hawkins reports to Mark Matheny, co-chief executive offi cer and co-chairman. ● A SWEET MOVE: Ed Jankowski will step down from his post as chief operating officer of Solstice on Aug. 17. Jankowski has taken a position at Godiva to run its North American di- vision, which has 270 stores and 5,000 points of distribution. Jankowski spearheaded the Safilo-owned Solstice eyewear chain for the past six years. There are nearly 100 Solstice stores that sell eyewear from brands such as Marc Jacobs, Dior and Oliver Peoples. Claudio Gottardi, chief executive officer of Safilo Group, has tapped Giovanni Pesce, the company’s head of retail in Europe, to assist in the transition while a replace- ment for Jankowski is found. Before joining Safilo in January, Pesce spent 15 years with Luxottica Group SpA, most recently as managing director of Sunglass Hut Australia, where he over- saw 200 sunglass specialty stores in Australia, New Zealand and Singapore, and was also a director of OPSM, a chain of 600 optical and sunglass stores in Australia, New Zealand, Hong Kong and Singapore. WWD, THURSDAY, AUGUST 2, 2007 3 WWD.COM Emporio Armani to Launch Jones Apparel Posts E-commerce Site in U.S. $47.1M Loss in Qtr. By Luisa Zargani interview with Mr. Armani,” said Triefus, By Vicki M. Young Barneys brand, management and creative declining to reveal the name of the Web teams, and would be an excellent strate- MILAN — Giorgio Armani is known to site until the deal has been fi nalized. ones Apparel Group, which reported gic partner.” be tireless and hands-on about building The designer said there are only 10 Ja second-quarter loss and lowered Jones said separately that for the quar- his business. However, there is one store Emporio Armani freestanding stores in full-year guidance on Wednesday, said ter ended July 7, the company posted a opening the designer will have to miss the U.S. and that the Web site will enable its board agreed that Fast Retailing Co. loss of $47.1 million, or 44 cents a diluted — that of the reproduction of his Via consumers nationwide to shop the entire Ltd.’s $900 million cash offer for Barneys share, compared with income of $36.6 Manzoni megastore in the virtual world collection. “There are many attributes New York was superior to a previously ac- million, or 32 cents, in the same year-ago of Second Life. of an e-commerce store that I fi nd espe- cepted bid from Dubai-based Istithmar. period. The most recent quarter included Instead, a computerized version of cially appealing: the ease with which we President and chief executive offi cer a write-down associated with the brands Armani, otherwise known as an avatar, can change the merchandise offerings; Wes Card, who replaced Peter Boneparth that the company has decided to sell. will welcome viewers and shoppers on the instant information we receive on last month, said the company was not for Excluding results of discontinued opera- the site when it launches.