- VERSACE SALES UP: Revenue at Gianni Versace SpA grew 7.7 percent in 2007 to 310.6 million euros, or $425.8 million at average rates of exchange, the company said Sunday. Cash on Versace's balance sheet totaled 4.4 million euros, or $6 million. The firm's plan to focus on business in Asia this year could make the region Versace's second largest market after Europe, replacing the U.S. Men's wear will also be given more attention. -LEJABY SOLD: The Warnaco Group said it inked a deal to sell its Lejaby business to Palmers Textil AG for $65 million. The transaction is for about $47 million in cash and $18 million in an "interest-free note" due in 2013. Warnaco stated that "terms of the transaction include a customary working capital adjustment and the provision of temporary transition services to Palmers Textil AG." Warnaco is looking to close the deal during the current first quarter.- HAMPSHIRE GETS CREDIT: Apparel maker Hampshire Group Ltd. said that it received a five-year, $125 million senior secured revolving credit facility from a lending group led by HSBC, despite the difficult credit market. The facility replaces a $100 million credit line that would have expired last Friday. The increase has been issued so the company can execute its long-term growth strategy.- CAVALLI INVESTS: Roberto Cavalli has bought a stake in fancy yarn spinner Lineapiù. Cavalli's slice of the company is 4 percent, the remaining ownership divided between private investors, a pool of banks and the Coppini family — president Giuliano Coppini founded the company 33 years ago. "The amount Cavalli has invested isn't important, it's the fact this famous designer believes in the company and in knitwear — and this will give us a push forward," said Coppini. The Tuscany, Italy-based designer also said he and Lineapiù's other owners have given the spinner a cash injection of 5.5 million euros, or approximately $8 million. Lineapiù forecast consolidated 2007 sales of approximately 90 million euros, or $123.37 million.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim