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Lady Bingbing MOURNING NATURE WALK WEAR THE COSTUME INSTITUTE AT THE METROPOLITAN MUSEUM OF ART WILL EXPLORE GRIEVING RESORT 2015 CLOTHES THIS FALL WITH “DEATH DESIGNERS DREW ON INSPIRATION FROM CALIFORNIA TO BECOMES HER: A CENTURY VAN CLEEF & ARPELS CREATED A MAGICAL ENGLISH GARDENS FOR THEIR RESORT LOOKS. PAGE 9 OF MOURNING ATTIRE.” KINGDOM TO CELEBRATE THE LAUNCH OF ITS PAGE 12 LATEST HIGH-JEWELRY COLLECTION. PAGE 12 WWDTUESDAY, JULY 1, 2014 ■ $3.00 ■ WOMEN’S WEAR DAILY INSIDE THE C SUITE Camuto’s Second Act: An Explosion of Product He’s not done yet. Through By LISA LOCKWOOD his labels Vince Camuto, Vince Camuto Signature and Louise et NEW YORK — “Our motto is, Cie, Camuto is expanding at a rapid ‘You can do whatever you want in pace with new categories, stores this company and you can grow and markets. He aims to reach the very quickly.’” $2 billion mark within fi ve years — That may sound like hubris, and remain private in the process. especially in a challenging fash- At present there are 17 wom- ion business, but the speaker is en’s categories and 13 men’s cat- Vince Camuto, a man who’s em- egories. The brand will have 65 barked on one of the industry’s stores internationally by year- most ambitious, lucrative and end, and looks to operate 80 to successful Act Twos. 85 stores internationally over the Act One was the Nine West next 18 months. Over the next Group, which he and partner fi ve years, Camuto plans to open Jerome Fisher sold to the Jones 100 stores in China. Also on deck: Group Inc. for nearly $900 mil- dedicated men’s stores. lion in 1999. Act Two is Camuto’s While other companies may be namesake brand, launched in weeding out licensees, Camuto 2006, which today generates $1 has expanded his empire, signing billion in global sales across nu- on licensees for such categories merous classifi cations. SEE PAGE 6 Contract Deadline Arrives For West Coast Port Workers There have been slowdowns and By KHANH T.L. TRAN delays at some ports as importers rush to move cargo. At the port in LOS ANGELES — A surge of cargo Long Beach, Calif., the second busi- is hitting West Coast ports as im- est in the U.S., an increase in cargo, Lady Bingbing porters race to get their goods along with a shortage in chassis to ashore before a key labor contract transport shipping containers and a After shooting more than 20 Chinese fi lms, Beijing-based actress Li Bingbing is expires this evening. number of temporary workers cover- taking on Hollywood. She appears alongside Stanley Tucci and Mark Wahlberg The International Longshore and ing for ILWU employees who are on Warehouse Union and the Pacifi c vacation, has led to delays during the in the summer hit “Transformers: Age of Extinction,” and, along with stardom, Maritime Association are expected past week, according to Art Wong, a fashion is playing an increasing role in her life. Here, Li wears Erdem’s silk to continue negotiating a new con- spokesman for the port. While there dress and Gucci earrings. For an interview with the actress, see pages 4 and 5. tract today — and while the outlook is have been complaints about the wait generally positive, importers are tak- to move cargo, he said he couldn’t es- ing the better-safe-than-sorry route. timate how long the delay would be. A strike, were it to come, could take “It’s not that anybody is doing a toll of as much as $2.5 billion a day. SEE PAGE 12 PHOTOS BY THOMAS IANNACCONE; STYLED BY MAYTE ALLENDE HAIR AND MAKEUP BY LIU HANGYUE; FASHION ASSISTANT: MILTON DIXON MILTON ASSISTANT: LIU HANGYUE; FASHION HAIR AND MAKEUP BY 2 WWD TUESDAY, JULY 1, 2014 WWD.COM American’’ Apparel Denies Charney THE BRIEFING BOX amended its credit agreement The former ceo has filed for IN TODAY’S WWD By EVAN CLARK with Lion Capital. arbitration under the terms of In its refusal, the company his contract and is said to be THE FIREWORKS have clearly said Charney’s request for a spe- seeking $23 million to $25 million come early this year for American cial shareholders’ meeting was for unfair dismissal. Pilar Moraga, the Apparel Inc. and its ousted found- “invalid and improper” in part He also signed a deal with subject of “Model Call” er Dov Charney — but the grand because “Mr. Charney previously Standard General, which agreed on WWD.com, outside finale is still to come. has been suspended as ceo and to buy at least 10 percent of WWD’s office. The company, which sidelined relieved of all powers to act on American Apparel’s stock and the former president and chief behalf of the company. lend the founder enough to buy executive officer for alleged mis- “The company does not intend the position. conduct, said in a regulatory fil- to comply with such a request Following that revelation on Friday, the company scrambled and in the wee hours Saturday adopted a “poison pill” provision The company does not intend to designed to prevent Charney from gaining control of the com- comply with such a request to call pany by acquiring more stock. MORELAND Lion is said to have requested payment of its $10 million loan LEXIE a special meeting and intends to BY after Charney was shown the door. On Monday, cochairman PHOTO vigorously contest any action seeking Allan Mayer said, “The talks with Lion are continuing, and if they to compel the company to do so. do decide to call the loan, we Vince Camuto is expanding at a rapid pace with new have access to the capital that categories, stores and markets. PAGE 1 — AMERICAN APPAREL INC. REGULATORY FILING we’ll need to pay it off.” The company is also continu- West Coast ports are bustling with a surge of cargo from ing the investigation into allega- importers that hope to avoid a possible port strike. PAGE 1 ing that it shot down a request by to call a special meeting and in- tions against Charney, who has Charney to hold a special share- tends to vigorously contest any been accused of sexual harass- Li Bingbing, who stars in the latest edition of the “Transformers” holders’ meeting. action seeking to compel the ment on numerous occasions and PAGE 4 Charney ranks as the com- company to do so,” the filing said. was also accused of paying out film franchise, is taking on Hollywood. pany’s largest shareholder with The back and forth potentially significant severance payments a 27.2 percent stake and called steers the two sides closer to the to former employees to shield Counterfeit crimes are in the spotlight at a new gallery at the for the meeting to expand the court house, where a judge might himself from personal liability. Crime Museum in Washington. PAGE 8 size of the board to 15 directors, have to sort out the legal intricacies. American Apparel’s stock fell fill board vacancies and repeal Already, American Apparel is 7 cents to 90 cents Monday. Joh. A. Benckiser Holdings is eliminating its Labelux division, a number of actions taken since clashing with Charney on at least — WITH CONTRIBUTIONS and will soon directly oversee a number of its brands. PAGE 8 2010, when American Apparel two other fronts. FROM ARNOLD J. KARR Cotswold Industries Inc. has created an innovative pocketing fabric using Tencel fiber produced by Lenzing AG. PAGE 8 ’’ American Eagle Outfitters Inc. will enter the U.K. this fall with Sälzer to Lead Bench After Buying Stake three owned-and-operated stores. PAGE 10 from private equity firm By MELISSA DRIER Ugg this fall will introduce I Heart Ugg, a new brand Bruno Sälzer Hg Capital. specifically aimed at the female tween consumer. PAGE 10 Bench generated sales BERLIN — Escada chief of 100 million euros, or L’Oréal USA Inc. has agreed to settle charges of deceptive executive officer Bruno $132.8 million at average PAGE 10 Sälzer has acquired a 15 exchange, in 2013, plus advertising against two of its products. percent stake in Bench additional licensing rev- and is to become the enues of about 50 million Sidney Kimmel has donated $110 million to Thomas fashion brand’s ceo and euros, or $66.4 million. Jefferson University in Philadelphia. PAGE 11 chairman. The casual lifestyle In February, Sälzer brand is targeted at men The fall Costume Institute show, its first since 2007, will be made it known he would and women ages 20 to 30 “Death Becomes Her: A Century of Mourning Attire.” PAGE 12 be leaving Escada when and is sold in 26 coun- his contract expires on tries in Europe and North Van Cleef & Arpels created a magical kingdom in France to Nov. 30. He has been at America. Its largest mar- celebrate the launch of its latest high-jewelry line. PAGE 12 the helm of the Munich kets are Great Britain, fashion house since 2008. Germany and Canada, the ON WWD.COM The search for his suc- latter as a license. cessor continues. Sälzer remarked that Prior to Escada, Sälzer the brand’s target group MODEL CALL: Pilar Moraga, the half-Venezuelan, half- spent 14 years at Hugo “is of increasing impor- Chilean model with a septum piercing and countless tattoos, Boss, where he assumed tance for the fashion in- spent six years in Thailand before moving to New York. the ceo post in 2002. At Bench, Founded in Manchester in dustry. What is important for For more, see WWD.com.
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