▲ NEWS: Stars RETAIL: turn out H. Lee Scott’s to fete Sol successor, Kerzner’s Mike Duke, new Dubai For more, see WWD.com. to push global resort, growth at ▲ SECTION II: page 5. Wal-Mart, ICSC page 3. Preview WWDWomen’s Wear Daily • The Retailers’MONDAY Daily Newspaper • November 24, 2008 • $2.00 Accessories/Innerwear/Legwear Satin Doll The season’s prettiest nightgowns are at once simple and elaborate with slender, body-conscious shapes, exotic draping and intricately placed insets. Here, Alberta Ferretti’s silk satin version, worn with earrings from Barbara Flood’s Closet. For more, see pages 6 and 7. Tightening Their Belts: UEEN Fashion Firms Cut Back To Get Lean and Mean By WWD Staff The fashion industry has suddenly gone on a serious diet. Plunging stock markets, a recession and a complete conk-out of the consumer spending engine that fueled the growth in the U.S. economy for more than a decade have fashion retailers and manufacturers taking a hard look at their organizations and cutting back wherever they can. With few signs of economic hope until at least late 2009, if not 2010, firms are moving to batten down the hatches and prepare for the worst. As a result, fashion companies are looking at every expense they can to determine whether it’s justified. Town cars? Out. First-class air travel? Out. Expensive hotels in luxe foreign lands? Out. Staff Christmas parties? In most cases, out. See Apparel, Page10 PHOTO BY KYLE ERICKSEN; MODEL: HOLLAND STEVENS/MAJOR; HAIR BY RYAN TANIGUCHI; MAKEUP BY MIZU FOR SUSAN PRICE; STYLED BY BOBBI Q MIZU FOR SUSAN PRICE; STYLED BY MAKEUP BY TANIGUCHI; RYAN ERICKSEN; MODEL: HOLLAND STEVENS/MAJOR; HAIR BY KYLE PHOTO BY 2 WWD, MONDAY, NOVEMBER 24, 2008 WWD.COM Eurovet Takes Stake in CurvExpo By Karyn Monget “Thanks to Eurovet’s leadership in Europe and its unique sourcing trade shows in Asia, WWDMONDAY Accessories/Innerwear/Legwear EUROPEAN TRADE SHOW GIANT EUROVET Eurovet is the ideal partner for CurvExpo,” has acquired a 30 percent stake in innerwear trade said Jean-Luc Teinturier, president and ceo of show CurvExpo, leading to rival Lingerie Americas CurvExpo. “It gives brands and retailers access FASHION to announce on Friday it will cease operations. to the best sourcing opportunities and opens 6 Body-baring nightgowns take on a certain refi nement The move will take some pressure off ven- up potentially new markets. The alliance with as stark silhouettes and those with lace or ruffl es are dors who have been torn over which show they Eurovet will help CurvExpo to offer improved romantically rendered in silky satins with a Thirties’ air. should exhibit at and for retailers who were services to exhibitors and their brands.” spending additional time and money to attend Laurence Teinturier, CurvExpo’s executive GENERAL both events, which were often scheduled simul- vice president, said, “It’s good news for the in- 1 The economic crisis has retailers and manufacturers taneously in New York and Las Vegas. dustry because we’ll improve the show’s format taking a hard look at their organizations and cutting Marie-Laure Bellon Homps, chief execu- and share a wealth of expertise with Eurovet.” back wherever they can. tive offi cer of the Paris-based Eurovet, said, She added that one of the “top priorities” at “Leveraging market knowledge and a customer the two upcoming fairs in February will focus on 2 Hartmarx Corp. was delisted on the New York Stock base gives Eurovet the opportunity to create growing the representation of men’s underwear Exchange after its shares fell below the New York the most powerful lingerie and swimwear trade and innerwear brands, a category she believes Stock Exchange’s listing standards. show company in the world.” has “great potential.” ▲ There were laughs galore at the American Museum of Eurovet produces four major lingerie, swim- “At our CurvExpo show in Las Vegas in August 4 wear and textiles trade fairs in France and we had 20 men’s resources and in February we have Natural History Museum’s thanks to Lorne Michaels Asia: the Salon International de la Lingerie and signed up 30 so far,” she said. “Las Vegas is very impor- and his crew of SNL jokesters. Interfi lière, and the Mode City and Interfi lière tant for the category because of the MAGIC show.” About nine months after the bridge brand changed shows in Paris, and the Hong Kong Mode Lingerie The CurvExpo Las Vegas shows are sched- 12 owners, Ellen Tracy is releasing the fi rst signs of its and Shanghai Mode Lingerie exhibitions. uled for Feb. 16 to 18, and Aug. 31 to Sept. 1 at makeover: a new logo and trademark. Officials at Lingerie Americas could not the Venetian Resort Hotel. The CurvExpo New Amy Poehler be reached, but in a statement said, “Lingerie York venues are set for Feb. 22 to 24 and Aug. 2 in Zac Posen. ICSC Preview is included as a Section II Americas has decided to stop its activity.” to 3 at the Jacob K. Javits Convention Center. in this issue. Classifi ed Advertisements...........................................................................................14-15 TO E-MAIL REPORTERS AND EDITORS AT WWD, THE ADDRESS IS Hartmarx to Be Delisted From NYSE [email protected], USING THE INDIVIDUAL’S NAME. stitute a default under the company’s lending ar- WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT ©2008 By Evan Clark FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. rangements and will not change the company’s VOLUME 196, NO. 111. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with HARTMARX CORP. IS LEAVING THE BIG fi ling of periodic and other reports with the one additional issue in January, October and December, two additional issues in March, April, May, June, August and Board. Securities and Exchange Commission under ap- November, and three additional issues in February and September) by Fairchild Fashion Group, which is a division The Chicago-based producer of tailored cloth- plicable federal securities laws,” the fi rm said. 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. ing and golf and casual apparel said it was noti- For the nine months ended Aug. 31, Hartmarx Bellando, Executive Vice President/COO; Jill Bright, Executive Vice President/Human Resources. Periodicals postage fi ed by NYSE Regulation Inc. on Thursday that posted losses of $7.4 million, which compared paid at New York, NY, and at additional mailing offi ces. Canada Post Publications Mail Agreement No. 40644503. its shares had fallen below the New York Stock with earnings of $2.5 million a year earlier. 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