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WWD 04/15/2003

WWD 04/15/2003

Kmart's Rocky Road: $1B Creditors Reject Bankruptcy Exit Plan

Just when Kmart thought it had bankruptcy court approval of its reorganization plan all sewn up, a few creditors are throwing up roadblocks.

Kmart's Rocky Road: $1B Creditors Reject Bankruptcy Exit Plan

Just when Kmart thought it had bankruptcy court approval of its reorganization plan all sewn up, a few creditors are throwing up roadblocks.
— Apr 15, 2003

Asia Watch

SARS UPDATE: Already reeling from the fear of SARS, Hong Kong citizens were given more bad news this week when chief executive Tung Chee-Hwa opined publicly on the situation. "I fully understand that the epidemic has dealt a very severe blow to Hong...
— Apr 15, 2003

Making Faces

LONDON - They were the women who brought day spas, designer yoga mats, raw food diets and facials to a public increasingly obsessed with looking young. They coined those all-too-familiar phrases, "dry, oily and normal," to describe a...
— Apr 15, 2003

Susan Dell Taps Julia Hansen President

NEW YORK - Susan Dell named a new president on Monday, tapping Julia Hansen to run the six-year-old ready-to-wear and custom-clothing company.

Hansen will work in Dell's executive offices in New York. She replaces Linda Beauchamp,...
— Apr 15, 2003

Memo Pad

SEEKING SHELTER: The Hearst Corp. has pulled the plug on Chic Simple after polybagging its two test issues with the company's other women's titles.

A catalog-ey, neo-shelter title, Chic Simple was the subject of great fanfare...
— Apr 15, 2003

Fashion Scoops: Saks' Returned Check ... New Direction for Pilot ... Spring Cleaning ...

SAKS' RETURNED CHECK: Saks Fifth Avenue has taken a p.r. swing back at Winona Ryder, whose legal team has been wrangling in court to auction the star's hot clothes to benefit charity. Saks wants to see the clothes destroyed and made a...
— Apr 15, 2003

Henkel Nixes P&G's Wella Offer

BERLIN - Henkel dismissed Procter & Gamble's offer for Wella preferred shares as "unacceptable" at the Henkel annual shareholders meeting in Dusseldorf Monday.

Henkel chief executive Ulrich Lehner commented, "Naturally, Procter &...
— Apr 15, 2003

J. Crew Downgraded By Standard & Poor's

NEW YORK - Standard & Poor's Rating Services on Monday lowered its credit ratings on J. Crew and placed the company on CreditWatch with negative implications.

The corporate credit rating moved to "CC" from "B-minus" and the rating...
— Apr 15, 2003

Good Sport

NEW YORK - Talk about playing along. Designers joined ranks for the Fur Fashion 2003 show, presented last week by the Fur Information Council of America. Taking the team theme to heart, C. Granston & Bullard showed a sporty collection of...
— Apr 15, 2003

Warm Weather Thaws Retail Freeze

With warmer weather coming and war fears subsiding, consumers might be more in the mood to spend. But stores still have plenty of catching up to do.
— Apr 15, 2003

DuPont Confirms DTI Talks

After weeks of speculation, DuPont acknowledged it is in talks to sell its $6.3 billion textiles unit to a third party, widely believed to be Koch Industries.
— Apr 15, 2003

Mangan Steps Down at Federated

Rita Mangan has resigned as senior vice president for cosmetics at the Federated Merchandising Group.
— Apr 15, 2003

In Brief: Ulrich's Payday ... Lacroix Lingerie ... WTO Rules for U.S. ... Trouble in Toyland ...

ULRICH'S PAYDAY: Target Corp.'s chairman and chief executive, Robert Ulrich, took home a total of $7 million last year, a 15.4 percent increase, according to filings with the Securities and Exchange Commission. While the executive's...
— Apr 15, 2003

Kasper's Idol Getting Hefty Stay Bonuses

NEW YORK - Bankrupt Kasper ASL Ltd. has given John Idol several million good reasons to stick around.

In a Form 10-K filing with the Securities and Exchange Commission that also contained news of a profitable fourth quarter and full year...
— Apr 15, 2003

Dior Legs Out Quarterly Gain

Propelled partly by a 150 percent spike in sales of women's footwear, Christian Dior Couture saw first-quarter revenues vault 19 percent to $135.5 million.
— Apr 15, 2003

Wal-Mart Said Eyeing BJ's Club

BOSTON - Is Wal-Mart looking to buy warehouse retailer BJ's Wholesale Club? And if it were, would getting a piece of the New England club market be worth the risk of raising red flags with the Federal Trade Commission?

Most analysts...
— Apr 15, 2003

Barneys Co-op Hits South Beach

NEW YORK - Barneys New York will open a Co-op store in South Beach, Miami, in early September, and is considering expanding the chain to 10 to 15 stores within five years, Howard Socol, chairman, chief executive and president of the retailer,...
— Apr 15, 2003

Drama League

Ungaro's Valli takes Beverly Hills.
— Apr 15, 2003

Live Wire

Meet DJ Chantal Passamonte, a.k.a. Mira Calix, a chick in a nerdy guys' world.
— Apr 15, 2003

Eye Scoop

CHARGE!: With no reserve price set for any of the 350 lots included in the famous Seagram Collection of Photographs, there is sure to be plenty of wild paddle-wielding at Phillips de Pury & Luxembourg on April 25-26. The sale - which will include...
— Apr 15, 2003

Fur's Early Show a Hit

NEW YORK - In her unexpected stroll down the runway at Fur Fashion 2003, Joan Rivers snapped, "The next time someone asks you why you're wearing fur, you tell them it's because these furs have gone places in death they never would...
— Apr 15, 2003

Market Basket

GOODBYE LESLIE FAY: The Leslie Fay Co. has changed its name to LF Brands to reinforce its image as a holding company of diverse brands. It marks the first time since the firm was founded in 1947 by Fred Pomerantz that the corporate name will not...
— Apr 15, 2003

Shipping On Track Despite War

NEW YORK - The fear hasn't been realized.

The concern over major delays or obstructions to shipments of apparel and textile products caused by the war in Iraq never materialized, shipping executives said, but it has added to the...
— Apr 15, 2003

ATMI Talk: Fending Off Far Eastern Competitors

ATMI's annual meeting addressed barriers facing Western firms in establishing a regional trade block that can compete with Asian suppliers.
— Apr 15, 2003

Tencel: Focus on Items for Spring '04

NEW YORK - Designers should focus on creating standout items in their collections for spring 2004, rather than trying to chase trends or push the overall image of a brand. This was the advice from international trend consultant Sandy MacLennan at...
— Apr 15, 2003

EPA Eyes Teflon Health Issues

NEW YORK - The Environmental Protection Agency on Monday said it would investigate claims made by a private environmental group that DuPont violated the law in not disclosing evidence that a chemical used in the manufacture of Teflon may have...
— Apr 15, 2003

Hotel Lycra to Open in São Paulo

NEW YORK - It's something of a stretch - DuPont plans to unveil Wednesday a new marketing tool in Brazil called the Hotel Lycra.

The catch is it's not actually a hotel. The two-story, 7,000-square-foot space, located at...
— Apr 15, 2003

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