Perry Ellis International Inc. led all components of the WWD Global Stock Tracker today as shares of the company gained on a report of a possible sale of the firm.
Shares finished the day at $20.73, up 7.9 percent. The Deal said that the Miami-based sportswear firm might be being prepared for a sale by the Feldenkreis family, which holds about one-sixth of its common shares.
Activist investors Legion Partners last month took a 6 percent stake in the firm and said it was in discussions with management about improving its balance sheet and taking other steps, such as separating the roles of chairman and chief executive officer, both of which are currently held by George Feldenkreis. Oscar Feldenkreis, George’s son, is vice chairman, president and chief operating officer. Calls seeking comment from the firm weren’t returned.
The WWD tracker gained ground for the second consecutive day after five straight sessions with declines, ending at 97.69, up 0.4 percent, from its 97.33 close on Tuesday.
Among other leaders on the Tracker were American Apparel Inc., up 7.3 percent to 92 cents; Anta Sports Products Ltd., up 5.2 percent to 14.24 Hong Kong dollars, or $1.84 at current exchange; Ann Inc., up 3.6 percent to $38.04, and Lululemon Athletica Inc. and Tumi Holdings Inc., both of which rose 3.3 percent, to $39.97 and $22.25, respectively.
Shares of Ralph Lauren Corp. rose 0.2 percent to $156.88 after the New York-based company reported a decline in first-quarter net income of 10.5 percent, less than Wall Street analysts, on average, had expected.
Among the firms monitored by WWD losing the most ground were Express Inc., down 4 percent to $14.84; Yoox.com, down 3.6 percent to 17.45 euros, or $23.42; Pandora A/S, down 3.1 percent to 375.50 Danish kroner, or $67.60, Safilo Group SpA, down 3 percent to 14.98 euros, or $20.11, and Debenhams Plc and Hugo Boss AG, both of which were off 2 percent. Debenhams closed at 66 pence, or $1.11, while Boss concluded the session at 103.10 euros, or $138.38.
Donatella Versace will receive the International Award at the 2018 @cfda awards, which were announced tonight. Tap link in bio for a list of all the nominees and honorees. #wwdnews #wwdfashion (📷: @rahirezvanistudio )
The 2018 @cfda Awards nominees are out! @virgilabloh for @off____white for is nominated for Womenswear Designer of the Year. Tap link in bio for all the nominees. #wwdnews #wwdfashion ( 📷: @simonelezzi)
@chanelofficial is suing high-end vintage retailer @whatgoesaroundnyc for trademark infringement, a move that could cost the retailer millions. The French fashion house claims that it’s not only unintentionally sold counterfeit goods on occasion, but that it’s “gone out of its way to create an association with Chanel,” which does not exist. Read Chanel’s statement on WWD.com #wwdnews (@aitorrosasphoto)
Exclusive: Guillaume Henry has left @ninaricci, the fashion house said on Thursday. “After three years of mutually gratifying creative collaboration, Nina Ricci and Guillaume Henry have together decided that the designer will depart the house after the presentation of the fall-winter 2018-19 collection,” Ricci said in a statement. Get all the details on WWD.com #wwdfashion (📷: @aitorrosasphoto)
“When Bella enters a room all heads turn,” said @peterphilipsmakeup, creative and image director for @diormakeup. Last night, the two celebrated the product launch of Dior’s Lacquer Plump in Los Angeles with other celebs like @parisjackson, @winnieharlow and more. Head to WWD.com to see the rest of the photos from the night (📷: @chelsealaurenla) #wwdeye
“These shirts are an art form, it’s about getting the message out to as many people as you can. It breaks down the pretentiousness of the art gallery,” says Kumasi Sadiki, cofounder of @ebayontheblock, a store that sells merchandise by New York artists who are shifting their attention to clothes as a wearable medium. Pictured here is a design by artist @joegarvey_, one of the first to spearhead this movement. Head to WWD.com to read @mistywhitesidell full story on how their designs have become merch for the underground elite #wwdfashion
@netaporter is dedicating a part of its website – called the Fine Jewelry and Watch Destination – to highlight its high-end jewelry. The hub will feature products on the site, as well as incorporate styling advice and educational content about high-priced jewelry items. Get more details on WWD.com. #wwdaccessories
For “The Cher Show,” an upcoming musical based on @cher’s life and career, @bobmackie is once again collaborating with the singer in designing the costumes. For decades, Mackie has designed glitzy stage costumes and red carpet looks for the 71-year-old Grammy winner. Pictured here is a sketch of some of the pieces in the wardrobe of the musical, which is set to debut in Chicago on June 12 before making its way to Broadway #wwdeye