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WWD 2008/05/30

WWD 2008/05/30

Schottenstein Takes Majority Stake in Leiber

Pegasus Capital Advisors has sold a majority stake in the luxury accessories brand Leiber to Schottenstein Stores Corp., which owns a majority of Filene's Basement and DSW Shoe Warehouse, and is the largest shareholder of American Eagle Outfitters Inc.

Schottenstein Takes Majority Stake in Leiber

Pegasus Capital Advisors has sold a majority stake in the luxury accessories brand Leiber to Schottenstein Stores Corp., which owns a majority of Filene's...
— May 30, 2008

Equity Group, Goldman Sachs Arm Acquire H2O Plus

Skin care brand H2O Plus has been sold.
— May 30, 2008

Memom Pad: Naomi's Latest Pickle...Will She Shoot at Versailles...Second Chances

Naomi Campbell is in hot water again, this time across the pond.
— May 30, 2008

Dell'Acqua Named at Malo

Alessandro Dell'Acqua is the new creative director at Malo, replacing 6267 duo Tommaso Aquilano and Roberto Rimondi, who went to Ferré last month.
— May 30, 2008

Counterfeit Apparel Seized in N.Y. Raid

Federal agents arrested eight people on counterfeiting charges Thursday and seized 1,113 boxes of fake goods, such as apparel under the Tommy Hilfiger,...
— May 30, 2008

Fashion Scoops: Three's A Crowd...Sport Morphs At St. John...Talking Cavalli

CFDA award-winning jewelry designer and sculptor Robert Lee Morris is partnering with a new young design duo: Mary Kate and Ashley Olsen.
— May 30, 2008

Coach's Gateway to Growth in China

Only a day after acquiring direct control of its stores in Greater China, Coach unveiled a sprawling new flagship in the Central District here.
— May 30, 2008

Claiborne Realigns Sourcing

In a much anticipated move, Liz Claiborne Inc. is decentralizing its sourcing, giving each of its more than a dozen brands control over its own...
— May 30, 2008

In Brief: Ang Gets Butler License… Berns Ups Staff

Butler Bag has signed an agreement with Accessory Network Group to design, manufacture and distribute handbags to specialty, midtier and mass retailers...
— May 30, 2008

L'Oreal's Gasparrini Sees Change in China

To understand the future, you must first look to the past. So says Paolo Gasparrini, the man who established L'Oréal's business in Mainland China in...
— May 30, 2008

Grossman Calls HSN Beauty's 'New Retail Frontier'

This isn't your mom's HSN.
— May 30, 2008

J. Crew Income Grows 23.7%

J. Crew Group, driven by strong online revenues, healthy margins and conservative planning, reported first-quarter net income up 23.7 percent to $30.5...
— May 30, 2008

Mike Ullman: From Retailing's Front Lines

A total of 235 top cosmetics executives gathered here at the historic Breakers Hotel from May 12 to 14 for the seventh WWD Beauty CEO Summit, which featured...
— May 30, 2008

Gottschalks Posts $5.1M Loss

Gottschalks Inc. said Thursday its first-quarter loss widened as both revenues and comparable-store sales dropped by double-digit percentages.
— May 30, 2008

Movado Earnings Drop 48%

Movado Group Inc. said first-quarter earnings dropped by almost half on disappointing domestic sales.
— May 30, 2008

Dolce & Gabbana's Global Push Heats Up

It's a packed calendar for Dolce & Gabbana, which is planning store openings around the world over the next 12 months, investing in both developed and...
— May 30, 2008

Dior China Drops Stone After Quake Comments

Sharon Stone may have apologized for her controversial remarks on China's massive earthquake, but it's not stopping the actress from getting her own dose of...
— May 30, 2008

True Religion Heads to the Financial District

True Religion Brand Jeans will bring some casualwear to the land of the suit.
— May 30, 2008

Yoox Eyes First Half '09 for IPO

Yoox Group, the Bologna, Italy-based Internet retailer, said Thursday that it plans to go public in the first part of 2009.
— May 30, 2008

Luxe Firms Embracing Web Gain Sales

Few luxury firms sell online, yet among those that do online retail is an important part of their business, accounting for 12 percent of revenues on...
— May 30, 2008

Shiseido's Carsten Fischer Looks Through Global Lens

What does it take to build a global operation out of a traditional infrastructure?
— May 30, 2008

Consumers to Industry: What Have You Done for Me Lately?

We face a real challenge in the beauty industry," said Marc Pritchard, president of strategy, productivity and growth at Procter & Gamble...
— May 30, 2008

Bastholm Guides Execs On the Digital Shopper

The eight-year-old AKQA, as in All Known Questions Answered, is a global digital media agency with offices in San Francisco, New York, Washington, London, Amsterdam and Shanghai.
— May 30, 2008

Sadove Outlines Turnaround Plan for Saks

What a difference two years can make.
— May 30, 2008

Panelists Give Snapshot of M&A Activity

The flurry of merger and acquisition activity in the beauty business was the backdrop for a panel discussion of financial experts at the WWD Beauty CEO Summit.
— May 30, 2008

Target's Blueprint for Beauty

Target may not have been the first mass marketer to enter the beauty realm, but the discounter has tried to do it better than the competition.
— May 30, 2008

Liebmann's Leap of Faith

If Wendy Liebmann had it her way, attendees of the WWD Beauty CEO Summit would have joined her onstage, held hands and leapt into the abyss.
— May 30, 2008

Govind Shrikhande's Insider View of India

Govind Shrikhande, chief executive officer of India's Shopper's Stop Ltd., kicked off his presentation with a quip about trying to keep the audience awake after lunch. He needn't have worried.
— May 30, 2008

Sasa Moves Deeper Into China

Sasa International Holdings aims to be the definitive one-stop cosmetics specialty shop servicing all of Asia.
— May 30, 2008

Printemps Courting Luxury Consumer

The luxury consumer represents a key growth driver for the beauty industry, according to Paolo de Cesare, Printemps' chief executive officer and chairman.
— May 30, 2008

Replogle Asks If Goals Match Actions

John Replogle, president and chief executive officer of Burt's Bees, presented the "severe dilemma" the beauty industry is facing today by asking the audience of beauty executives one simple question: "If we're here to help consumers live better...
— May 30, 2008

Lauder: It's a Shopper's World

The Internet has given consumers a giant megaphone, and beauty firms can't help but hear shoppers' concerns, uncensored take on products and shopping preferences, William P. Lauder, chief executive officer of the Estée Lauder Cos. Inc., told...
— May 30, 2008

Blodgett's Community-Based Beauty Boom

Rather than give a formal speech, Leslie Blodgett, chief executive of Bare Escentuals, regaled the crowd at the WWD Beauty CEO Summit with a series of stories that had everyone laughing.
— May 30, 2008

Drosos: Listen, Reconnect, Become Transparent

Virginia drosos, president of global Beauty Care at Procter & Gamble, has played a large part in the transformation of the brand most women in the Fifties knew as Oil of Olay.
— May 30, 2008

Drosos: Listen, Reconnect, Become Transparent

Virginia drosos, president of global Beauty Care at Procter & Gamble, has played a large part in the transformation of the brand most women in the Fifties knew as Oil of Olay.
— May 30, 2008

Ads Capture Facchinetti's Vision for Valentino

There's a deeper concept behind Alessandra Facchinetti's first Valentino ad campaign than just a pretty picture.
— May 30, 2008

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