LOS ANGELES — Contemporary brand Cynthia Vincent has found a majority investor with Gores Group LLC, the private-equity firm, also based here, that extended its reach into the apparel business with a 2010 investment in J.Mendel.While terms of the deal were not disclosed, Vincent, who started the Twelfth Street by Cynthia Vincent brand in 2003, said that with Gores’ backing, she plans to double or triple her more than $10 million in annual wholesale volume within two to three years.Vincent will stay on as designer and chief creative officer for both her apparel business, Twelfth Street, and Cynthia Vincent shoe and handbag lines, and retain a minority stake in the firm. Chana Taft, most recently an executive at True Religion Apparel Inc., has been named the company’s new president. Gores has also enabled the company to add a retail/e-commerce manager and a head of specialty retail.“Gores believes in my brand and understands what it takes to take it to the next level,” said Vincent, who noted the company’s priorities are strengthening its 385-door retail reach domestically and overseas, tapping into its e-commerce potential and deepening its current product range.Gores Group, which acquired J.Mendel through its consumer vertical division (it also has an industrial vertical) purchased the manufacturing company Big Strike — known for its mass-market and junior brands such as Heart Soul, Free Love and Tracy Evans — last year as a platform to acquire more apparel brands in nonluxury categories. Cynthia Vincent is the first Big Strike investment.“Through Big Strike, Gores plans to continue its investment in the apparel sector across various categories,” said Rochelle Gores, senior adviser at the company who spearheads the apparel division. “There is so much growth potential for Cynthia Vincent, and we’re committed to the apparel sector as a whole.” Big Strike is currently examining other brands, though they are not limited to Los Angeles-based or contemporary companies.For her part, Vincent, one of the Los Angeles designers at the forefront of the contemporary movement, has seen the category evolve for more than a decade. She founded the St. Vincent brand in 1993. Later, she folded it into the brand Vince. In 2003, she stepped away from Vince to launch Twelfth Street by Cynthia Vincent as the category was flourishing with other L.A. lines such as Michelle Mason, Trina Turk, the now-defunct Development (then designed by Phillip Lim) and Juicy Couture.“This partnership allows me to focus on product, which is what’s going to bring the company forward,” she said. “The mandate is to grow the business, but we want to do it with the best product.”Vincent plans to broaden her apparel collection, which comprises 70 percent of the business, to include more hot-selling categories, like jackets and bottoms, in addition to its core dresses, sweaters and prints. “I’ve been given creative freedom to design what sells, and I’ve wanted to get back into categories like leather jackets that I’ve had to scale down when I had limited resources.”Other areas Vincent plans to examine further down the road include a relaunch of girl clothing, which she has designed on and off, and the introduction of swimwear and beach-related accessories.“I want to concentrate on first getting the volume to where it needs to be, then eventually looking at more categories. I want to do it all, but I want to do it smart,” she said.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)