- 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.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)