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WWD 04/18/2005

WWD 04/18/2005

Neiman Marcus Sale: Two Pursuers Near Second-Round Bids

The bidding for Neiman Marcus Group is heading down to the wire, with second-round offers due within the next few days.

Neiman Marcus Sale: Two Pursuers Near Second-Round Bids

The bidding for Neiman Marcus Group is heading down to the wire, with second-round offers due within the next few days.
— Apr 18, 2005

A&G Group Sales Soar 59%

A&G Group, parent of luxury brands Asprey and Garrard, said sales in the fiscal year ended March 31 rose 59 percent to $51 million.
— Apr 18, 2005

Kmart Test Stores Point Upmarket

NEW YORK - As Kmart unveiled its new retail concept in four more locations this past weekend, it's clear from the design of these latest test stores that the mass merchant is moving in an upmarket direction.

The stores are in...
— Apr 18, 2005

In Brief: Wal-Mart Woes ... Roddick, Reebok Split

WAL-MART WOES: Wal-Mart has pulled the plug on millions in stock options and other benefits for former vice chairman Thomas Coughlin, who was forced off the board in March after an internal investigation uncovered the possible...
— Apr 18, 2005

Coming This Week

Monday: International Fashion Fabric Exhibition, New York (through Wednesday).

Tuesday: Printsource New York and Direction, New York (through Wednesday).

The U.S. Labor Department releases the Producer...
— Apr 18, 2005

American Way

Singer Bryan Adams went behind the lens, assisted by Calvin Klein, for a book of black-and-white photos called "American Women."
— Apr 18, 2005

De Sole Joins Board at Zegna

Domenico De Sole, chairman of the newly incorporated Tom Ford brand, can now add Zegna Group board member to his resume.
— Apr 18, 2005

The Sac Race: The Alexander Method

The competition to create an iconic bag is one of the most hotly contested in fashion, with new entries from Alexander McQueen and Celine.
— Apr 18, 2005

The Sac Race: Golden Oldies

The competition to create an iconic bag is one of the most hotly contested in fashion, with new entries from Alexander McQueen and Celine.
— Apr 18, 2005

The Sac Race: Celine: Three's Company

The competition to create an iconic bag is one of the most hotly contested in fashion, with new entries from Alexander McQueen and Celine.
— Apr 18, 2005

Sky's the Limit at Basel

Executives at two major Swiss watch shows reported a brisk start to the year and projected strong sales gains in 2005.
— Apr 18, 2005

Time Keeping: Honor Roll ... Do-Gooders ... Hammer Time ...

HONOR ROLL: Not only is Severin Wunderman, chairman of Corum, celebrating the 50th anniversary of the Swiss watch company he owns this year, on June 30 he will also be awarded France's legion of honor in a ceremony in the French...
— Apr 18, 2005

Pomellato Brightens Up Its Brands

NEW YORK - After a few quiet seasons, jewelry firm Pomellato is bringing new life to its brand.

The Italian-based company is introducing five collections this spring, its first new lines in two years, and launching an ad campaign. In...
— Apr 18, 2005

Ripka's Second Stop on Madison

NEW YORK - Jewelry firm Judith Ripka has opened a store less than six blocks from its existing Madison Avenue boutique, yet president Janice Winter insists it's a world away.

Tourists dominate the area around the older boutique on...
— Apr 18, 2005

Findings: New Era ... Saks Moves ... Celebrate Good Times ...

NEW ERA: MCM Products, the German brand noted for luxury handbags, luggage and other fashion lifestyle accessories, will develop and relaunch the MCM brand worldwide through a partnership with Sungjoo Design Tech & Distribution...
— Apr 18, 2005

A Sweet-Apple Line From Hollywood Pair

Los Angles-based event planner Apple Via and designer Sweet P. have launched Pomme, a line of saucy flannel loungewear. After emerging from bankruptcy, Malden Mills Industries is moving forward with a new management team and major global expansion.
— Apr 18, 2005

Intimate Notes: UJA Awards ... Warnaco Taps Allen ... Maidenform Elects Eisenberg ...

UJA AWARDS: Two executives will receive an award from the Intimate Apparel Division of UJA-Federation of New York: Lucy Cindric, senior vice president of women's apparel, accessories and intimate apparel at Wal-Mart Stores, and...
— Apr 18, 2005

WWD Stock Index DIVES

NEW YORK - Disappointing earnings reports and deepening concerns over economic growth and inflationary prices resulted in the year's worst week of trading.

In turn, the WWD Composite Stock Index plunged 4.16 percent...
— Apr 18, 2005

Sarbanes-Oxley: A Costly Compliance

NEW YORK - Complying with Section 404 of the Sarbanes-Oxley Act is turning out to be a heck of a headache, and an expensive one - especially for smaller-sized companies.

Section 404 requires managers of public companies to...
— Apr 18, 2005

Family-Run Bal Harbour Stays Single

Occasionally, Stanley Whitman thinks his son and grandson have gone mad.

The 86-year-old owner and developer of Bal Harbour Shops couldn't figure out why his two relatives were recently set on bringing Vilebrequin, a Saint-Tropez-based...
— Apr 18, 2005

Bracing for Retail Job Cuts

NEW YORK - The retail megamergers of the past few months might improve the bottom line for companies like Sears Holdings Corp. and Federated, but in their wake they have the potential to leave cities without a financial anchor.

Just as the...
— Apr 18, 2005

Rebranding Field's Gets Thumbs Down

NEW YORK - The prospect of a Macy's replacing the Marshall Field's flagship on State Street has left a bad taste in the mouths of many Chicagoans.

"Marshall Field's is an institution to Chicago," said Bill...
— Apr 18, 2005

Panelists: Protecting Intellectual Property Is Critical

NEW YORK - Regardless of the size of an apparel or luxury goods manufacturer, companies need to protect their brands and intellectual property. And as the market for counterfeit goods grows on a global scale, this need becomes...
— Apr 18, 2005

Sarafpour Expanding With Launch of Resort

NEW YORK - Behnaz Sarafpour is ready to kick back and enjoy the sun.

This June, the designer will venture into new territory with the launch of her resort collection. It will feature 10 to 15 looks, which is about half the size of...
— Apr 18, 2005

Beauty Beat: Deborah Group: New Lines, New Markets

MILAN - With Deborah Group's domestic growth virtually at its limit, the century-old Italian beauty company is eyeing new ways to expand its brands across the globe.

In the hands of the fourth generation of the Bonetti family,...
— Apr 18, 2005

Europe Watch: Money Men ... Just Tapped ... Zerunian Joins Jensen ...

MONEY MEN: PPR remunerated its top executives handsomely last year. According to documents published last week on the French retail and luxury group's Web site, its former chief executive Serge Weinberg, who was replaced last...
— Apr 18, 2005

Spillane: Malden's Next Chapter

NEW YORK - After emerging from bankruptcy, Malden Mills Industries is moving forward with a new management team and major global expansion.

While it doesn't intend to forget its roots, the Lawrence, Mass.-based company is preparing...
— Apr 18, 2005

Lamy Ahead in Race for WTO Post

Former EU Trade Commissioner Pascal Lamy took the lead in the race to be the next WTO director-general, following the first round of polling Friday.
— Apr 18, 2005

Fashion Scoops: Narcisco Visits Oprah

NARCISO VISITS OPRAH: Oprah Winfrey can soon start a fashion club to rival her book club at the rate she's going. Just two weeks after having Tory Burch on "The Oprah Winfrey Show," she's...
— Apr 18, 2005

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