G-III Apparel Group Ltd. jumped into the outlet business Tuesday, paying $22.3 million to acquire the Wilsons The Leather Experts Inc. name and operations at 116 outlet stores.
The cash deal, disclosed after the market closed Tuesday, also included $18.5 million in inventory, distribution center operations and other trademarks and trade names. Joel Waller, Wilsons' former chief executive officer and ceo at The Wet Seal Inc. until stepping down in September, will return as president of G-III's new outlet division.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)