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Just before William Ackman squared off with Carl Icahn on CNBC last week -- in which the two activist investors engaged in a surprisingly personal round of verbal fisticuffs, ostensibly over direct merchant Herbalife -- Ackman hinted at things to come at one of his biggest investments, J.C. Penney Co. Inc.

There was a subtly delicious moment at the WWD CEO Summit this week when business professor Gary Hamel told a room full of high-powered managers that, in the future, managers wouldn't be needed.


The New Year arrives with a relatively clean slate for fashion.

The Burches have buried the hatchet, fresh faces are in place and finding their footing at Saint Laurent and Christian Dior and changes to the U.S. tax code helped push through a number of deals that had been lingering.

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