Liz Claiborne Inc. raised $58.4 million in cash from Elizabeth Arden Inc., agreeing to accept lower royalty payments on fragrance businesses tied to its brands — including Juicy Couture and Lucky Brand — and transferring the trademark for its Curve fragrance to Arden.
The deal will help Claiborne pay down some of its debt and clears the way for Arden to invest more into the licensed fragrance brands. Arden also reported Thursday that both fourth-quarter and year-end profits more than doubled.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"