ST. JOHN LICENSES EYEWEAR: St. John said Wednesday that it has signed a multiyear license agreement with Venice-based Visibilia SpA for production and worldwide distribution of a sunglass and prescription eyewear collection, which will sell exclusively in St. John boutiques for spring. The brand will launch globally for wholesale in May at the MID trade show in Milan. The frames will retail for $200 to $500. St. John is Visibilia’s first U.S. licensing partner.
CACHE NET DECLINES: Caché Inc. reported on Wednesday a 77 percent drop in third-quarter earnings, impacted by increased markdowns. For the three months ended Sept. 29, earnings fell to $161,000, or 1 cent a diluted share, from $690,000, or 4 cents, in the year prior. Sales for the quarter declined 61 percent to $1.5 million from $4.1 million last year, while total same-store sales increased 4 percent.
FALLING UP: Hennes & Mauritz reported sales in September improved 25 percent, a reversal of the disappointing sales trend in August, which H&M said was beset by adverse weather conditions. The Swedish fast-fashion giant said same-store sales in September gained 12 percent. In August, same-store sales declined 1 percent. H&M is gearing up for the launch on Nov. 8 of its latest designer collaboration, with Roberto Cavalli.
EYEWEAR FIRMS MERGE: StyleMark, eyewear distributor and holding company for such brands as StyleScience, Riviera and Polaroid Eyewear, has merged with Motive Eyewear, the holding company for Lantis Eyewear, Personal Optics and Lantis Merchandising Services and Optimax in Canada. Motive Eyewear is a leading eyewear distributor in North America, selling more than 30 million pairs of eyewear under 18 brands, including Dockers, ESPN, Mudd, Hilary Duff and Kathy Van Zeeland. Motive Eyewear will continue to maintain design offices in New York with distribution based in Anaheim, Calif.