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.
A room full of toiles at the haute couture atelier in the Dior exhibition at Les Arts Décoratifs, open in Paris since July 5. This is just one of three major exhibitions that have been timed to coincide with the house's 70th anniversary. See the rest of the exhibits, plus read WWD's look into the iconic brand's history. Link in bio. #wwdfashion (📷: @dominiquemaitre)
For spring, Pamplemousse's Danica Zheng presented her signature slip dresses attached to a white T-shirt along with floral windbreakers, off-the-shoulder cotton blouses and more. For more highlights from the New York trade shows, go to WWD.com. #wwdfashion
The Green Carpet Fashion Awards closed out Milan Fashion Week yesterday. The fashion industry flocked to the event, showing its efforts to support and spread the message of sustainability. Supermodel Gisele Bündchen said "if each one of us took at least one step is this direction, there is no saying how much could be done." #wwdeye #wwdfashion #mfw (📷: Lodovico Colli di Felizzano)
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)