Women's Wear Daily

CEW Honors P&G’s Alex Keith With Beauty of Giving Award

P&G Beauty president Alex Keith was the recipient of this year’s CEW Beauty of Giving award. The executive received the award at the annual Beauty of Giving luncheon held Friday at the New York Hilton in Midtown Manhattan, which raises funds for the CEW’s Cancer and Careers, a program that helps cancer survivors assimilate back into the workplace. “P&G Beauty’s support is making it possible to realize our vision, which is to eliminate the fear and uncertainty for working people with cancer,” said Carlotta Jacobson, president of the CEW, before presenting Keith with the honor. “Seventeen years ago, P&G Beauty helped us get started and their generosity has helped us to grow. They enable us to empower survivors, prepare employers, improve workplaces and help us serve as the foremost authority now on work and cancer.” As Keith accepted her award, she reflected on the impact P&G’s sponsorship with the program has had and stressed the importance of continuing and growing these kinds of initiatives. She stated that P&G will continue its work with Cancer and Careers by doubling its donation in 2019. “We are here together because we care so deeply about making a positive difference in people’s lives,” she said. “Even though many

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A South-African Jewelry Brand Launches in Australia

Cross-hemisphere trade between Australia and South Africa has been taking place for some time now, with Australian retailers setting up shop in South Africa, as well as South-African retail behemoths buying up Australian brands. South-African brands, on the other hand, have been a bit more cautious about entering the Australian market. But in November, TFG chose to make a splash in the Australian market with its jewelry retail brand AmericanSwiss, opening five stores simultaneously — one in Sydney, two in Melbourne and another two in Brisbane. A sixth store in planned by the end of the year. AmericanSwiss chief executive officer Anthony Thunstrom said, “Our own modeling suggests that if the six stores work, we can get up to well over 100 of those stores in Australia and if it works in Australia, it can work elsewhere.” Australia presented an attractive market for TFG; the sub-Saharan African market, it was felt, had weak economies that could limit the potential growth of its local brands. The TFG portfolio consists of 28 brands in 32 countries, mostly in Africa. The arrival of AmericanSwiss was intended to test whether TFG’s brands could thrive in a more developed consumer market. AmericanSwiss was established in 1896 by Isaiah Hirschsohn,

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NMG Files Counterclaims Against Marble Ridge Capital

Neiman Marcus Group has filed counter claims against one of its creditors, Marble Ridge Capital, for damages resulting from what the retailer terms “a series of false statements that Marble Ridge has made publicly about the company.” Neiman’s alleges that Marble Ridge falsely accused the company of being in default under its agreements with its debtholders and that Marble Ridge made the statements to harm the retailer and for other improper purposes. Neiman’s seeks over $1 million in monetary damages on the claims. The Dallas-based luxury retailer filed its counter claims in the District Court of Dallas County, Tex., on Friday. Neiman’s filings are a response to last week’s lawsuit by Marble Ridge Capital filed in the Dallas court alleging “the fraudulent transfer of the MyTheresa assets to Ares Management and the Canada Pension Plan Investment Board for no consideration.” “These assets have been placed beyond the reach of the company’s creditors in order to hinder and delay creditor recovery,” Marble Ridge said in its complaint. Marble Ridge, a three-year-old firm that invests in distressed debt, also contended that Neiman Marcus is “insolvent” and asked the court to appoint a receiver to address the issue of the transfer of about $1 billion of assets to

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