Women’s Wear Daily
04.19.2014
fashion-memopad
fashion-memopad

Memo Pad: Last Laugh?... Like, the Constitution Is Sooo Hot... All Change...

Details editor in chief Dan Peres has been beaten up in the blogosphere and in print for deciding to put Kevin Federline...

fashion-memopad/news
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INSIDE MAN: Sometimes it pays to know someone at a printing plant — and sometimes it doesn't. On Thursday, Eugene Plotkin, the former associate in the fixed income research division of Goldman Sachs & Co. who led a multifaceted series of schemes that included having employees of a Wisconsin printing plant steal advance copies of BusinessWeek for a preview of its "Inside Wall Street" column, was sentenced to 57 months in prison. His extensive insider trading network resulted in more than $6.7 million in illicit gains, according to a statement from Michael J. Garcia, the United States Attorney for the Southern District of New York. Stanislav Shpigelman, an analyst at Merrill Lynch, also provided information to Plotkin on the company's corporate deals, including Reebok's acquisition of Adidas (which was finalized in January 2006). Reebok's common stock price increased by 30 percent from its closing price from the previous day. Shpigelman was sentenced to 37 months in prison.
— A.W.

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.
— A.W.

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."
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