Chelsea Handler Releases Inauguration Day Cannabis Kit – WWD

“Donald Trump sent me to cannabis,” declared Chelsea Handler over the phone.

“I used to be a drinker,” she continued. “I used to drink and not be into cannabis and then after the election in 2016, I just couldn’t — anger and alcohol are not a good match. I had to pivot when I realized I had to deal with him being the president for four years.”

She’s looking forward to Inauguration Day on Jan. 20. To mark the occasion the comedian and actress — a best-selling author and former host of E!’s “Chelsea Lately” and Netflix’s “Chelsea” — is releasing a selection of cannabis goods in partnership with dispensaries Sweet Flower and The Apothecarium. All proceeds from sales will benefit Cage-Free Repair, a nonprofit that works to help vulnerable communities impacted by the injustices of the war on drugs.

“There are things you take to go to sleep,” said Handler, half-jokingly. “There are things you take to wake up. And then there are things you take just to have a good time and laugh.” It was in 2016 that Proposition 64 passed in California, legalizing recreational use of marijuana for adults age 21 years and older.

“Now everything is

Anine Bing Launches Anine Bing Sport – WWD

Anine Bing has stepped into athleisure.

Aptly titled Anine Bing Sport, the Danish-born and Los Angeles-based designer is launching her first women’s collection in the category.

“It’s something I’ve been dreaming about for a few years now,” she said over the phone. “The timing had to be right, and it couldn’t be better timing than now, I feel like. First of all, people are spending more and more time at home, and they need comfortable but still fashionable things to wear and work out in.”

Many designers are turning to athleisure and activewear, reportedly the best-performing retail categories amid the coronavirus pandemic. For Bing, the new collection is very much in line with her overall aesthetic of creating modern, ready-to-wear essentials, a mix of European and Americana-influenced pieces.

While designing the new looks, Bing was inspired by ’90s paparazzi shots of the late Princess Diana. In the photographs, which regularly circulate on social media, the cultural icon pairs oversize sweatshirts with biker shorts. (“She had the best style, I think, and was so good at mixing different elements,” said the designer.)

Versatility was important to Bing, offering sweat-proof fabrics to work out in and “chic but comfortable” pieces to

Happy Socks Prepares for Next Phase With New CEO – WWD

SOCK IT TO THEM: Happy Socks has tapped Emil Viklund as its new chief executive officer.

A company veteran, he takes over for Steven Gardener, who will exit the company to pursue other career opportunities, according to Happy Socks. Gardener will remain with the sock company as an adviser until March.

Viklund’s previous role was as chief financial officer. In announcing the promotion, Happy Socks’ chairman of the board Christian Beck commended Viklund for the “mix of leadership, operational experience and passion for innovation” he brings to the role. Known for its vibrant colored whimsical socks, the company has global reach.

Viklund will maintain his former responsibilities overseeing the financial department for the company until a new cfo is named. He joined Happy Socks in 2019, following an eight-year run at Bonnier News, the largest media operation in Sweden. As a key leader on Happy Sox’s management team, Viklund has had an integral role during the last year and continues to be focused on building sales.

In a statement provided by the company, Gardener noted how he and Viklund worked “very closely together during all the challenges that 2020 has thrown at us,” adding that Viklund is “the perfect

Poshmark Market Cap Could Hit $2.86B – WWD

As the world focused on the violence and political chaos in Washington, D.C., other areas of the federal government continued on, allowing the engines of commerce to churn.

To wit, in a new amendment filed with the Securities and Exchange Commission, social resale marketplace Poshmark disclosed terms for its upcoming initial public offering. In form S-1/A, the Redwood City, Calif.-based company made known its goal of raising as much as $257.4 million in its upcoming IPO, which is expected to land in the middle of next week.

The company has been on a mandated silent period, so it declined requests for comment. But according to the details filed with the SEC, Poshmark plans to offer 6.6 million shares of class A common stock priced at $35 to $39.

At the high end of this range, the company’s outstanding class A and B shares — at more than 73 million — would give it a market cap of as much as $2.86 billion.

Underwriters on the deal include Morgan Stanley, Goldman Sachs and Barclays. Shares will hit the Nasdaq Global Select Market under the symbol POSH.

Poshmark distinguishes itself as a peer-to-peer social resale marketplace for new and used fashion products,

Twitter Permanently Bans Trump From Platform After Capitol Chaos – WWD

Outgoing President Donald Trump is officially and permanently banned from Twitter, his favored social media platform.

Twitter on Friday evening said a “close review” of Trump’s recent tweets “and the context around them, specifically how they are being received and interpreted on and off Twitter” led to its decision to impose a permanent ban. It came just hours after hundreds of Twitter employees signed an open letter to Twitter chief executive officer Jack Dorsey to impose such a ban.

The company on Wednesday imposed a one-day lock on Trump’s account, preventing him from using it for 12 hours, after a string of tweets by the President that incited and egged on thousands of his supporters forming a mob in Washington, D.C., and violently bombarding the Capitol building with the goal of halting the House and Senate certification of Electoral College votes, which makes formal Joe Biden’s win of the November presidential election.

The illegal takeover of the building forced a lockdown of it and the city of D.C. and had scores of politicians placed in hiding before being evacuated, as Trump’s supporters wandered through the Capitol building, waving Trump and Confederate flags, taking photos and videos of themselves,

LVMH Supercharges Management at Tiffany – WWD

Now that LVMH Moët Hennessy Louis Vuitton has completed its acquisition of Tiffany & Co., trust that luxury titan Bernard Arnault will take the necessary time and resources — financial and human — to catapult the iconic jeweler to the pinnacle of the sector.

The LVMH chairman is famously patient and determined, and freeing Tiffany of the scrutiny of quarterly financial performance gives him and his executives the ability to balance short-term initiatives with his long-term vision.

On Thursday, Arnault appointed a trio of LVMH executives — including his 28-year-old son Alexandre and Michael Burke, one of his most accomplished and trusted deputies — to lead the storied American brand, effective immediately. The third link in the chain is Vuitton executive Anthony Ledru, who has been named Tiffany’s chief executive officer after a career mostly in the U.S. jewelry business.

Bernard Arnault was expected to welcome 14,000 new employees to his luxury empire this morning, addressing the whole of Tiffany & Co. via video during a virtual town hall meeting.

According to sources, Anish Melwani, CEO of LVMH Inc. (North America), is to moderate the online gathering, with speakers including Chantal Gaemperle, the group’s executive vice president of human resources