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WWD 05/19/2006

WWD 05/19/2006

The M&A Hunt: Equity Players Lead in Bidding for Jones and L&T

Despite the downturn in the stock market and worries over inflation, hedge funds and private equity players remain awash with cash and are hungry to make acquisitions.

Quote of The Week

"We're not Helmut Lang and aren't trying to re-create what he did."
— May 19, 2006

The M&A Hunt: Equity Players Lead in Bidding for Jones and L&T

M&A deal-making is hot, with bidding for Jones Apparel near completion, first bids for L&T due today and Foot Locker now believed in play.
— May 19, 2006

New York & Co. Profits Drop on Sales Dip

New York & Co. Inc.'s first-quarter profits were pulled down by weaker sales and gross margin, but the company anticipates that better balanced merchandising efforts will attract shoppers.
— May 19, 2006

Gap 1Q Profits Drop 16.8%

Gap Inc. reported first-quarter results on Thursday that indicated more time is needed to turn around the company.
— May 19, 2006

Nordstrom Net Gains 25.6%

Better control of expenses and improved inventory management along with high gross margin pushed Nordstrom Inc.'s profits up 25.6 percent on an 8 percent sales gain for the first quarter.
— May 19, 2006

In Brief: An Eye On Canada ... Buffalo Appoints U.S. Head

A brief look at some of the day's stories.
— May 19, 2006

Bulgari Gets a Tony New Address

Twenty years after it opened its first store in Milan, Bulgari is relocating to a bigger and better space on the tony Via Montenapoleone.
— May 19, 2006

Robust Sales Buoy 1Q Net at Sears Holdings

Sears Holdings posted a profit in the first quarter, reversing a loss, on sales that soared 58 percent from the inclusion of Sears store sales.
— May 19, 2006

Celine Names Tranthi President of U.S. Unit

Celine on Wednesday named Thuy Tranthi as president of its American operations to succeed Wendy Kahn, who joined Valentino USA earlier this month, as part of the Italian firm's strategy to build its operations in America.
— May 19, 2006

Coty to Offer Consumers Forbidden Fruit

Coty has named its "Desperate Housewives" scent Forbidden Fruit, the result of a deal with show producer Touchstone Television.
— May 19, 2006

Versace, Euroitalia Burnish a Crystal

Euroitalia is hoping its future with Versace fragrances will be bright.
— May 19, 2006

Good Skin Adds Color

The Good Skin brand is celebrating its second birthday with a whole new category: color cosmetics.
— May 19, 2006

Kinara Execs Plot Future Growth

Kinara's Olga Lorencin-Northrup and Christine Splichal are planning to show a little more skin -- skin care products, that is.
— May 19, 2006

Kiehl's Goes to Extremes With New Cream

Sometimes, you have to look back to create a future star product -- or at least that's the path Kiehl's Since 1851 is taking with its new Ultra Facial Cream.
— May 19, 2006

William Lauder's Advice to Students

Master's degree graduates at the Fashion Institute of Technology got some top-drawer advice Wednesday night from none other than William P. Lauder, chief executive officer of the Estee Lauder Cos.
— May 19, 2006

P&G Honored at Scholarship Gala

A dinner for the 17th annual Marc Rosen Scholarship for Graduate Packaging Design, held Tuesday night at the University Club, raised $250,000 to help Pratt Institute design students, and awarded three with scholarships.
— May 19, 2006

Dove Sponsors AOL's Chief Everything Awards

A horde of multitasking professionals took pause Wednesday to honor five noteworthy peers at the second annual AOL.com Chief Everything Officer Awards.
— May 19, 2006

Top Notes: Nano A No-No? ... Bongo Beat ... Makeup Meeting ...

A petition was filed on Tuesday with the Food and Drug Administration to amend its regulations on nanotechnology in cosmetics products and require new nano-specific toxicity testing and mandatory product labeling.
— May 19, 2006

Critical Mass: CVS Reaps Rewards From Exclusive Beauty Brand

Tom Ryan's face lights up when he talks about Lumene.
— May 19, 2006

Men's Corner: Barc: Targeting an Upscale Ethnic Market

The term "bark" is most often associated with a dog or a tree, but the founders of Barc, a new skin care brand for men of color, are using the moniker to mean skin.
— May 19, 2006

Davines Gets Heavy Into Color

Italian hair care company Davines is preparing to launch its new Alchemic line of pigmented shampoos and conditioners designed to enhance natural and color-treated hair to give it a healthy shine.
— May 19, 2006

Phyto: Caring for the Scalp

The Ales Groupe is diving headfirst into the launch of its new Phytoprogenium shampoo -- a product designed to protect the scalp with a newly patented ingredient.
— May 19, 2006

The Thymes Targets Younger Consumer

The Thymes, it is a-changing with the launch of the Kimono Rose collection, a new floral bath and body line targeting a younger consumer.
— May 19, 2006

Snippets: Upfront And Personal ... New Sasson ... Pure Expansion ...

Matrix is using the parties during UpFront Week to spread the word about its new Matrix Men hair care line.
— May 19, 2006

Obituary: Samson Bitensky, 86, Fab Industries' Chief

Samson Bitensky, former chairman and chief executive officer of Fab Industries, a major knitting company, died Wednesday at Beth Israel Medical Center in Manhattan. He was 86.
— May 19, 2006

Charron Bullish on Claiborne Growth

It might have been Paul Charron's last annual meeting as the chairman and chief executive officer of Liz Claiborne Inc., but he ensured shareholders on Thursday that the company would go through continued growth after he is gone.
— May 19, 2006

Senators Lambast China Currency Decision

Senators sharply questioned Treasury Secretary John Snow on Thurs­day and criticized the Bush administration's refusal to charge China with currency manipulation.
— May 19, 2006

Reality Check

Some publishers also believe women readers are abandoning newspapers for real-life titles.
— May 19, 2006

Memo Pad: Le Petty Mort ... She's So Elle ... Fronting Access

Ed Kosner's memoir doesn't come out until September, but staffers at the New York Daily News who have seen galleys are already buzzing about the book's unsparing portrayal of their owner, Mort Zuckerman.
— May 19, 2006

Whitney Marks 75th, Fetes Lundgren

A crowd of 500 came to support the museum, celebrate its 75th anniversary, and to honor Terry Lundgren, chairman, chief executive officer and president of Federated Department Stores.
— May 19, 2006

Gay Marketing Group Overhauls Ad Standards

Responding to complaints from among its 100,000 or so visitors each month, gay marketing watchdog The Commercial Closet is turning over its online ad ratings to its users and reinventing the criteria by which users will assess the ads.
— May 19, 2006

House of Styles

Lightning struck twice for Bruno Grizzo at the 2006 Gen Art Styles event.
— May 19, 2006

Chico's Swaps Stand-Alone Tech For a Unified Corporate System

Chico's FAS is shifting its Soma intimate apparel brand to new enterprise resource planning software, the first step in a chainwide technology upgrade that will cost $10 million in its first year.
— May 19, 2006

Southwest Surge Lifts Ross in Qtr.

Ross Stores showed robust first-quarter sales and earnings increases driven by strong sales in Texas and the rest of the Southwest and a decline in distribution costs.
— May 19, 2006

French Toast

For the opening ceremony of Cannes, French actress Audrey Tautou chose a thigh-skimming cream Balmain dress in draped mousseline.
— May 19, 2006

Talking Turkey

Turkish artist and filmmaker Kutlug Ataman is used to creating an outcry -- especially in his own country.
— May 19, 2006

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