Gucci CEO sees satisfactory Q1-report (Reuters)
“Fashion house Gucci has had a satisfactory trend in the first quarter.”

‘Project Runway’ Will Move to Lifetime (WSJ)
“Nearly a year of litigation between General Electric Co.’s NBC Universal and Weinstein Co. over “Project Runway” ended Wednesday with an agreement that allows Weinstein to move its popular reality-TV show to Lifetime Networks.”

Macy’s CEO got 2008 compensation of $14.82 million (AP)
“Macy’s Inc.’s Chief Executive and Chairman Terry Lundgren received compensation valued at $14.82 million in 2008, much of it in stock compensation, according to an Associated Press calculation of figures disclosed in a regulatory filing.”

Hermès to Open in the Hamptons (WWD)
The French luxury brand will take up temporary residence in a 2,000-square-foot space specialising in beach attire. (Subscription required)