FERNANDO SANCHEZ DIES/2 RETAIL SHARES RISE/2 Women’sWWD Wear Daily • The Retailers’FRIDAY Daily Newspaper • June 30, 2006 • $2.00 Beauty ▲ Prada’s Amber Pour Homme, page 6. Double Play NEW YORK — Ralph Lauren is aiming for the top fi ve again with his new men’s fragrance, Polo Double Black. The launch is set for early October, and Double Black could be the fourth Polo fragrance to reside in the top 10 of department store men’s brands. For more, see page 6. Walgreens Forges Future With Premium European Beauty Brands By Andrea Nagel industry has ever seen. millions of samples and specially SAN DIEGO — Walgreen Co., the Walgreens is adding seven trained in-store beauty advisers nation’s largest drugstore chain exclusive skin care brands from to help shoppers understand the by sales volume, is rebranding its five different countries in a grand new collection. image by showcasing European experiment involving 1,000 of The initiative is one that will prestige beauty brands in the most its top beauty stores, complete plunge the 5,251-unit chain deep extensive effort the drugstore with upscale displays, a Web site, See Walgreens, Page 8 PHOTOS BY THOMAS IANNACCONE PHOTOS BY 2 WWD, FRIDAY, JUNE 30, 2006 WWD.COM Obituary Designer Fernando Sanchez, 70 NEW YORK — Fernando Sanchez, one of the lead- and at-homewear. The designer, who often dressed WWDFRIDAY ing designers and originators of elegant at-home- in black velour and fl amenco-style boots, was a wear, died Wednesday night at his Manhattan distinctive personality known for his lavish par- Beauty home, said his cousin and business partner, Jano ties in New York, Paris and Morocco. Herbosch. Sanchez was 70. During the past two decades, he developed a GENERAL Sanchez died of complications from a sand-fl y cult following for his rainbow-colored, double- Walgreens is putting seven European skin care brands in 1,000 stores, bite that he apparently suffered about two years ago faced, brushed-back satin robes and caftans. His 1 with new displays, millions of samples and in-store beauty advisers. at his vacation home in Morocco, Herbosch said. designs were sold at Saks Fifth Avenue, Neiman Born in Spain, Sanchez moved to Paris at age Marcus and in specialty stores across the U.S. A Paris appeals court will rule today whether to uphold a gross misconduct 17 and studied couture with Yves Saint Laurent. Sanchez is to be cremated. 2 verdict against Morgan Stanley on its equity research about LVMH. He arrived in New York in 1960, inspired by the A memorial will be held in the fall. Although the U.S. retail stocks climbed after the Federal Reserve boosted its movie “West Side Story.’’ date hasn’t been set, Herbosch said “he wanted a cel- 2 benchmark lending rate a quarter-point to 5.25 percent. Sanchez designed ready-to-wear and furs be- ebration of life and he wanted everybody to party.’’ fore making his mark as a designer of sleepwear — Karyn Monget EYE: The couture season kicks off today with plenty of shows and 4 presentations, but there should still be time for fi ne dining and gallery hopping. BEAUTY: L’Oréal is looking for its fourth winner in the Ralph Lauren polo 6 men’s fragrance series with its latest entry, Polo Double Black. Prada is aiming for a $60 million U.S. fragrance business, but ceo Patrizio LVMH, Morgan Stanley Await Ruling 6 Bertelli won’t be using its fi rst men’s scent, Amber Pour Homme. Betsey Johnson has always done things her own way and in her own By Miles Socha Louis Vuitton’s 7 time, and her fi rst fragrance, due out this fall, is no exception. PARIS — The appeals court here will rule today Paris fl agship. WWD will not publish on Monday, July 3, or whether to uphold a ruling of “gross misconduct” on Tuesday, July 4, in observance of Independence Day. the part of Morgan Stanley related to its equity re- search about LVMH Moët Hennessy Louis Vuitton. Classifi ed Advertisements.............................................................27 The bias suit, which has been grinding its way To e-mail reporters and editors at WWD, the address is fi rstname. through the French courts since 2002, is said to [email protected], using the individual’s name. hinge on professional responsibility, and whether WOMEN’S WEAR DAILY IS A REGISTERED TRADEMARK OF FAIRCHILD PUBLICATIONS, INC. COPY- Morgan Stanley analyst Claire Kent committed RIGHT ©2006 FAIRCHILD PUBLICATIONS, INC. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. fault with research that LVMH characterized as a VOLUME 191, NO. 139. WWD (ISSN # 0149-5380) is published daily except Saturdays, Sundays and holidays, with one ad- premeditated smear campaign. The French luxu- ditional issue in January and November, two additional issues in March, May, June, August and December, and three ad- ditional issues in February, April, September and October by Fairchild Publications, Inc., a subsidiary of Advance Publications, ry group has argued Kent was biased toward rival Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Advance Magazine Publishers Gucci Group, a client of Morgan Stanley. Inc.: S.I. Newhouse Jr., Chairman; Charles H. Townsend, President & C.E.O.; John W. Bellando, Executive Vice President and C.O.O.; Jill Bright, Executive Vice President_Human Resources; John Buese, Executive Vice President_Chief Information Officer; The investment fi rm has argued that its research David Orlin, Senior Vice President_Strategic Sourcing; Robert Bennis, Senior Vice President_Real Estate; Maurie Perl, Senior was accurate and honest, and that LVMH’s case is Vice President_Chief Communications Officer. Shared Services provided by Advance Magazine Group: Steven T. Florio, Advance groundless and opportunistic. That’s the basis of its Magazine Group Vice Chairman; David B. Chemidlin, Senior Vice President_General Manager, Shared Services Center. Periodicals postage paid at New York, NY and at additional mailing offices. Canada Post Publications Mail Agreement No. counterclaim seeking 10 million euros, or $12.5 mil- 40644503. Canadian Goods and Services Tax Registration No. 88654-9096-RM0001. Canada post return undeliverable lion, in damages caused by the proceedings. Canadian addresses to: DPGM, 7496 Bath Road, Unit 2, Mississauga, ON L4T 1L2. POSTMASTER: SEND ADDRESS Today’s hearing is expected to be a brief pro- CHANGES TO WWD, P.O. Box 15008, North Hollywood, CA 91615-5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WOMEN’S WEAR nouncement of the judges’ decision, with each DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008; Call 800-289-0273; or visit www.subnow.com/wd . Four side given a document explaining the rationale weeks is required for change of address. Please give both new and old address as printed on most recent label. and particulars. Subscriptions Rates: U.S. possessions, Retailer, daily one year: $109; Manufacturer, daily one year $145. All other U.S., daily one year $205. Canada/Mexico, daily one year, $295. All other foreign (Air Speed), daily one year $595. LVMH is seeking an additional 182.9 million First copy of new subscription will be mailed within four weeks after receipt of order. Address all editorial, business, euros, or $228.6 million, in material damages. The and production correspondence to WOMEN’S WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions commercial court, which delivered its decision and reprint requests, please call 212-221-9595 or fax requests to 212-221-9195. Visit us online: www.wwd.com. To subscribe to other Fairchild magazines on the World Wide Web, visit www.fairchildpub.com. Occasionally, we make in January 2004, appointed an expert to tabulate our subscriber list available to carefully screened companies that offer products and services that we believe would damages, but the process was extended pending interest our readers. If you do not want to receive these offers and/or information by mail and/or e-mail, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. the outcome of Morgan Stanley’s appeal. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR LOSS, DAMAGE, OR ANY OTHER INJURY TO UNSOLICITED MANU- The court could uphold or reject, partially or SCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPAR- completely, the original decision, which ordered ENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, Morgan Stanley to pay 30 million euros, or $37.5 OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED million, for “moral prejudice.” euros, or $375,000, for misleading advertising, un- But since either side has the right to appeal fair competition and trademark counterfeiting. to France’s highest court, the Court of Cassation, Also on Thursday, Vuitton, fi ghting to keep its it could be several years before the case’s fi nal Champs-Elysées fl agship open on Sundays, said it denouement. would be able to remain open that day pending a Quote of the Week LVMH is active on many legal fronts. Earlier this decision in the appeals court here. The store has week, Louis Vuitton triumphed in a case against been shuttered for two Sundays and is expected to Google, which was ordered to pay Vuitton 300,000 resume seven-day operations on July 9. “I’m almost the biggest name in fashion. I’ve got everything I want. I Industry Shares Rise After Fed Ups Rate go to my restaurants to eat. I stay at my hotels. I drink my water. The only By Evan Clark risks remain,’’ the panel said in a statement.