TIMING IS EVERYTHING: One day before Jeff Bewkes took over as president and chief executive officer at Time Warner Inc., he sold approximately $4 million in stock. And while these types of transactions aren't exactly uncommon, the timing still raised a few eyebrows. Was it a signal of Bewkes' outlook for the company? Nothing as interesting, unfortunately. It was a simple matter of tax liability: Bewkes had 500,000 shares that were currently vested, so he sold 238,855, at $16.58 a share, to cover the bill.
DIOR'S NEW LOOK: Taking Dior Homme back to its couture roots, Kris Van Assche made tailored elegance the theme for his first advertising campaign — albeit with a hint of danger. "They look like young professional killers," joked Karl Lagerfeld, who shot three models in a Parisian apartment wearing Van Assche's ballooning, high-waist pants and pristine white shirts.
Van Assche described the images, which break in February magazines, as the "next step" for the brand — rather than a radical change — in its post-Hedi Slimane era. A budding photographer, Slimane lensed recent Dior Homme campaigns and favored an edgy, artsy approach.
"When one evokes 'elegance,' people tend to think you refer to something old-fashioned, boring," Van Assche said. "I am totally aware that we are living in a sportswear generation, but I feel it is my duty — at Dior Homme even more so than at my own label — to propose an alternative....I prefer to look at it as a challenge: make elegance radical."