Wall Street Has Hope for Liz
Wall Street reacted favorably to Liz Claiborne Inc.’s news Wednesday that it will change its corporate name to Fifth & Pacific Cos. Inc., effective in mid-May. The company’s stock reached a 52-week high on the New York Stock Exchange Wednesday, closing at $9.40, up 9.29 percent from Tuesday’s close. Some 6.22 million shares were traded, a 65.8 percent spike over its average daily activity. The stock will change its ticker name to FNP in May. The company, which has been on a grueling ride the past five years as it has shed numerous businesses, changed its corporate identity since its namesake collection was sold to J.C. Penney in October.
Dior Takes Mila Kunis
Mila Kunis has been named a new face of the French house Christian Dior, and will appear in its spring fashion campaign, shot by Mikael Jansson and slated to break this month in international editions of Elle, Vogue and Madame Figaro, starting with China on Jan. 15, followed by Italy, Russia and France. It is to debut in the U.S. in The New York Times on Jan. 29, followed by a range of American monthlies, including Vanity Fair and Harper’s Bazaar.
“Mila Kunis is a very talented young actress; she embodies the true modern woman. Her performance in ‘Black Swan’ was remarkable. She is very gifted,” said Delphine Arnault, deputy general manager at Dior, lauding Kunis’ youthful energy. “We are looking forward to a long relationship with her.”
Kate Moss Brings in New Year’s with a Song
Kate Moss serenaded her pals on New Year’s Eve in Jamaica with a karaoke rendition of Blondie’s 1980 hit “Rapture.” The song was a fitting shout-out to one of her fellow revelers, Fab 5 Freddy, who’s name-checked in its lyrics. Partying with Moss and Freddy at Chris Blackwell’s GoldenEye estate were Moss’ rocker hubby, Jamie Hince, Grace Jones and fashion photographer Terry Richardson.
– Taneisha Jordan
Source: WWD; NY Post