Mike Ullman Returns To Penney’s
On Monday, retailer J.C. Penney, convinced Myron “Mike” Ullman to return to the company as chief executive officer. This comes as the board “called an end to the controversial and costly tenure of Ron Johnson.” It would seem that things have come full circle for the retailer as Ullman was initially set aside for the position in favor of “Johnson who was recruited from heading Apple Retail under Steve Jobs.”
Just last year, Penney’s lost $985 million as their sales fell 24.8 percent. During Johnson’s tenure, shares of the company’s stock fell 50 percent.
Chairman, Thomas Engibous, described Ullman as “well-positioned to quickly analyze the situation J.C. Penney faces and take steps to improve the company’s performance.” While on the other end of things, the board of directors thanked Johnson for his contributions and wished him well in his future endeavors.
Honey I’m Home!
Honey, the new fragrance created by Marc Jacobs, will launch this August. The scent created alongside Ann Gottlieb with Firmenich’s Annie Buzantian has a drydown of honey, golden vanilla and smooth woods. It features top notes of pear, fruity punch and juicy mandarin as well as a heart of orange blossom, peach nectar and honeysuckle. This fragrance will be produced by Coty Prestige just before Jacobs launches his color cosmetics collection with Sephora in September.
“Eaux de parfum in three sizes — $50 for 1 oz.; $71 for 1.7 oz., and $92 for 3.4 oz.— will be offered, as will a 5-oz. body lotion, $45, and a 5-oz. shower gel, $40.”
Kors And Berry Fight Hunger
It would seem as if Halle Berry’s pregnancy announcement couldn’t have better timing as she also announces her initiative with Michael Kors to fight world hunger through the United Nations World Food Programme, or WFP.
“According to statistics, hunger can start in the womb, and malnutrition in the first 1,000 days (pregnancy and post-birth) can cause irreversible damage to babies. It’s no surprise that this fact added much personal meaning to Berry’s new initiative.”
Berry will be using this opportunity to speak to women about the importance of maintaining a balanced and nutritional diet while pregnant. However, this wouldn’t be the first time that Berry has worked with women and children. She’s done a great deal of work for this target group through the Jenesse Center in Los Angeles as well as the Revlon Run/Walk for Women.
“The collaboration is long-term and multifaceted. The kickoff features two new versions of Kors’ Runway watch that were specially created for the designer’s Watch Hunger Stop campaign. The 100 Series watches are priced at $295 apiece and the sale of each watch will provide 100 meals to hungry children through WFP. The watches will launch in Michael Kors stores and on michaelkors.com this month.”
– Jamie Wilson
Source & Image: WWD
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