the gap posted a 26% net decline in profits over all gap divisions for the first quarter of 2007. gap north american had a 4% decline, banana had 3%, old navy had 6%. patrick robinson has his work cut out for him.
talks are heating up that alessandra facchinetti will replace valentino when the designer retires, possibly as soon as following his couture show in july. you remember alessandra, don’t you? she succeeded tom ford at gucci and was there for two tumlutous seasons before leaving. she’s now a consultant to moncler. some pluses: she’s young (36), beautiful, and fits the clientele of the line. negatives: she received alot of bad press while at gucci, and it remains to be seen if she’s developed a thick skin and if her design chops are up to snuf.
socialiterank’s favorite gal tinsley mortimer has been named dior’s beauty ambassador in the u.s. get ready to see tins at dior beauty events across the country.