Canada’s Eaton family is back in retail, but not in the way one might think.
The veterans of the Eaton department store chain have joined forces with Hudson Capital Partners, a liquidation firm, to form Eaton Hudson. Eaton Hudson will provide asset disposition services to retailers, as well as develop and manage pop-up stores. Both services will be available throughout North America.
Fredrik Eaton serves as chairman of the board. Fredrik D’Arcy Eaton, James Schaye, Fulton Stokes and A.R. Williams round out the management team. The new firm has offices in Toronto, where the Eaton family is based, and Atlanta, the headquarters of the former Hudson Capital Partners. Most of the operations will be handled by the former Hudson Capital team members, with the Eaton family providing the bulk of the funding for the new entity.
D’Arcy Eaton said, “We’re basically investors now, looking for opportunities we understand and have a chance to earn a return on.”
Eaton said the component that they liked about the entity’s business model is the ability to leverage opening and closing stores through the pop-up concept as an opportunity for future growth instead of relying solely on store liquidations.
According to Schaye, who is chief executive officer of Eaton Hudson, the pop-up concept works for consumer brands that could use the retail presence without needing to commit to a long-term lease. A fashion firm could open seasonal pop-ups as pseudo-outlet stores to clear excess inventory, and know that it’ll pay rent only for however long the shops are open.
Eaton Hudson essentially would provide turnkey services that include financial modeling, site selection, lease negotiation, staffing, assortment planning and the physical setup and takedown of the shops. The new firm also formed a partnership with 3pe Consulting to assist in the pop-up effort, headed by Andy Bailen, managing director of 3pe.
According to Bailen, the pop-up model — once the domain of retailers — is becoming increasingly popular with manufacturers, dot-com retailers and licensors and licensing agencies.
“A lot of people are testing the for-profit pop-up concepts and generating some meaningful top line, four-wall EBITDA,” Bailen said.
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion
@longchamp, which marks its 70th anniversary this year, just opened its biggest U.S. store on Manhattan’s Fifth Avenue. On the lower level there’s a floor-to-ceiling display of the brand’s iconic Le Pliage bag – in all of its different colors, shapes and sizes. Customers can also have their product personalized in-store by imprinting names, initials or emblems. #wwdfashion (📷: @ericmtownsend)
“Whenever I’m in that place of sound and music, I don’t have fear or nervousness…This album has a lot of themes of courage and boldness and I want to be the soundtrack for people’s lives. I’ll be so happy if [my songs] evoke strength in people, which I know music has done for me,” says @kimbramusic of her newest album “Primal Heart.” The New Zealand-born singer sat down with WWD to talk about her music, newest tour and connecting with hear fans — read more on WWD.com #wwdeye (📷: @jilliansollazzo)
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)