- 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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty