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Estee Lauder CEO named to Francesca's board
HOUSTON, — Apparel and accessories retailer Francesca's Holdings has named Richard Kunes as an independent director to its board of directors, effective Feb. 25, 2013.
Since August 2012, Kunes has served as EVP and senior advisor to the CEO at The Estee Lauder Companies, Inc. Prior to that, he served for 12 years as EVP and CFO. Before being appointed CFO, Kunes served in several financial management positions at Estee Lauder including corporate controller.
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Macy’s CEO takes stand in Macy’s-Martha Stewart case
New York -- Terry Lundgren, CEO of Macy’s, took the stand on Monday to testify in the trial of two Macy's lawsuits regarding the deal between J.C. Penney Co. and Martha Stewart Living Omnimedia Inc. The long-awaited trial began last Wednesday, in New York Supreme Court.
The trial is about whether Macy’s has the exclusive right to sell Martha Stewart branded cookware, bedding and certain other products.