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WWD 02/12/2003

WWD 02/12/2003

Burlington's Bonanza: $579M Buffett Offer Ignites Bidding Battle

Burlington Industries said Tuesday that it has agreed to be acquired by Berkshire Hathaway, but bankruptcy investor king Wilbur Ross says 'not so fast.'

Burlington's Bonanza: $579M Buffett Offer Ignites Bidding Battle

Burlington Industries said Tuesday that it has agreed to be acquired by Berkshire Hathaway, but bankruptcy investor king Wilbur Ross says "not so...
— Feb 12, 2003

VF Strong in Quarter, With Eye on Levi's

While a difficult 2002 for VF Corp. culminated with strong fourth-quarter results, the firm is bracing for big changes in the mass jeans landscape.
— Feb 12, 2003

Moderate Makers Race the Clock

Sportswear firms are focused on the time it takes to go from design concept to retail floor and how to shrink it.
— Feb 12, 2003

The Cycle

A typical calendar for most sportswear companies, from idea to reality, is nine to 11 months. The goal for most companies: Five to six months. Here's an example of a time line that a sportswear company might follow for...
— Feb 12, 2003

Consumer Attitudes

At Lord & Taylor Tuesday morning, just a few blocks away from the action at the Bryant Park tents, WWD asked customers perusing the store's sportswear department whether they knew Fashion Week was taking place and their thoughts on apparel....
— Feb 12, 2003

In Brief: Kunz Cash ... VC's New GC ... Food Chain ...

KUNZ CASH: Gap Inc. will pay former chief financial officer Heidi Kunz a severance payment consisting of $606,300 in bonus and a year's salary, according to a Form 8-K filed Tuesday with the Securities and Exchange Commission. Kunz announced her...
— Feb 12, 2003

Correction

A story on page 2, Feb. 7 about Kathy Bronstein of Wet Seal and other top merchants leaving their jobs incorrectly included Filene's. It should have listed Filene's Basement instead. Tom Kingsbury continues as president, chief executive...
— Feb 12, 2003

Suzy

The Met's production of "Les Troyens"; The fashion show that's gone to the dogs; Get ready for Kluge wine; A new princess for the Upper East Side.
— Feb 12, 2003

Penney's Exclusive on True Beauty by Emme

NEW YORK - J.C. Penney Co. said Tuesday that it will sell the new True Beauty by Emme plus-size collection on an exclusive basis for a year, and has an option to renew the contract with the supplier, Kellwood Co.

Penney's and...
— Feb 12, 2003

CFDA Sets Awards Show for June 2

NEW YORK - The Council of Fashion Designers of America is planning to stage its annual CFDA Fashion Awards event on June 2 for the second consecutive year at the New York Public Library.

Following mixed reviews over the scaled-back awards...
— Feb 12, 2003

The Mod Squad, Peppy Classics and All That Glitters

Marc Jacobs created a surprising signature collection centered on the Space-Age Sixties, while his Marc showing was both naughty and nice. Meanwhile, Donna Karan favored revved-up classics and retro pastels for DKNY, Lars Nilsson did some snappy...
— Feb 12, 2003

Moda Milano Market Splits

MILAN - The Moda Milano women's bridge market show has split in two following a disagreement between its organizing bodies, Efima and Expo CTS.

Efima, the trade fair organizer for the Milan-based manufacturers' association...
— Feb 12, 2003

Federated's Direct Action

NEW YORK - Federated Department Stores said Tuesday that its Bloomingdale's By Mail catalog and the Macys.com businesses are being realigned to operate under their respective namesake divisions. Previously, both operated under the umbrella...
— Feb 12, 2003

AOL Time Warner Center Stake Sold

NEW YORK - The sprawling AOL Time Warner Center, which is still under construction, is experiencing a shift in ownership.

Real estate developers The Related Cos. and partner Apollo Real Estate Advisors have agreed to sell 49.5 percent of...
— Feb 12, 2003

Dueling Proposals Fracture Dallas Fashion Industry

Competition between two proposals to move Dallas fashion firms out of the International Apparel Mart has intensified as sales reps are dividing into camps.
— Feb 12, 2003

Sales Drop, Fire Depress Allou Profits

NEW YORK - Slumping sales and greater costs associated with a warehouse fire caused Allou Healthcare Inc.'s profits to regress by more than a third in the third quarter.

For the three months ended Dec. 31, the Brentwood, N.Y.-based...
— Feb 12, 2003

Movie Star Inc. Shines As 2nd-Qtr. Net Doubles

NEW YORK - Movie Star Inc. had a star-studded second quarter as increased efficiency produced an Oscar-caliber bottom-line performance.

For the three months ended Dec. 31, the New York-based sleep- and leisurewear manufacturer reported net...
— Feb 12, 2003

Obituary: Former White Stag Chairman, Rennet

NEW YORK - Lawrence L. Rennet, a former chairman of White Stag, a manufacturer of women's sportswear and skiwear, died Jan. 27 in Portland, Ore. He was 89.

According to his son, Albert, the cause of death was melanoma.

Rennet...
— Feb 12, 2003

It's in the Stars

With Oscar nods in place, the race to the red carpet is on. Here are some stylists' suggestions for who should wear what to the big dance.
— Feb 12, 2003

Sport Chalet Net Gains 19.3%

NEW YORK - Strict management of its inventories helped Sport Chalet Inc. post a double-digit increase in third-quarter net income, but higher expenses pulled profits in the opposite direction for the nine months.

The Los Angeles-based...
— Feb 12, 2003

Simon Buys Into Forum Shops

NEW YORK - Simon Property Group Tuesday exercised its option to buy Sheldon Gordon's stake in the Forum Shops at Caesars in Las Vegas for $174 million, thereby blocking arch rival Taubman Centers from getting involved in the premium...
— Feb 12, 2003

Variety is the Spice

In this city, there's always something for everyone. Behnaz Sarafpour turned on the charm, Jess Holzworth updated the Ziegfield girl and Alireza snapped a picture of Dorian Gray. And for good measure, Gaelyn and Cianfarani remembered to...
— Feb 12, 2003

Fashion Scoops: Lulu has Left the Building ... Celebs Come Home ... At Last...

LULU HAS LEFT THE BUILDING: Despite telling WWD last August that she was ready to take the reins over from Mom, Lulu Johnson, 27, is said to have "retired" from her position at Betsey Johnson. A source close to the family says that Lulu is looking...
— Feb 12, 2003

The Miller Tale

The notions of fashion as art or art as fashion often seem forced, but for Alison Miller, they're a blending of two loves.

An avid painter who studied painting in Italy and has a fine arts degree from Cornell, Miller always had her eye...
— Feb 12, 2003

American Patchwork

When New York designers flex their imaginations, it's something to see. And, from Betsey Johnson's Mexican Betseyville and Charles Nolan's swinging Sixties at Anne Klein to Catherine Malandrino's thrift-store warriors and...
— Feb 12, 2003

Greek Dressing

NEW YORK - It's not the first time an editor, designer or movie star has been elevated to the level of a fashion god, but it's surely the most specific: Anna Wintour is Athena, Tom Ford is Apollo and Nicole Kidman is...
— Feb 12, 2003

Fashion Scoops: All Fired Up ... It's A Deal ... Real Bitches ...

ALL FIRED UP: After showing their collections, some designers might wish they had done things differently. Not "P. Diddy" Combs, who presented his collection on Saturday night. "I would have still fired Lori Goldstein," he insisted, of the...
— Feb 12, 2003

Captain Courreges-ous

NEW YORK - Marc Jacobs made an unexpected move on Monday night, creating a fall collection centered around Sixties looks of the Courrèges kind. His vision came complete with that era's go-go boots, even Penelope Tree-style wigs, worn...
— Feb 12, 2003

Industry Applauds Buffett's Interest in Textile Sector

NEW YORK - Hurray!

The U.S. textile industry gave Warren Buffett's arrival on the scene a major thumbs up Tuesday. The move gives industry executives confidence there is potential to rebuild the long-downtrodden sector - but...
— Feb 12, 2003

Contentious Debate on Textile Tariffs

WASHINGTON - The concept of tariff elimination always divides.

It was no different Tuesday when the Bush administration unveiled its proposal to slash all tariffs on apparel and textiles in the Western Hemisphere within five...
— Feb 12, 2003

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