- A CHARMED AGREEMENT: Charming Shoppes Inc. said on Thursday it reached an agreement to end its proxy battle with activist shareholders Crescendo Partners and Myca Partners. The specialty retailer will nominate the following individuals to its board: two of management's nominees, Dorrit J. Bern, chairman, and Alan Rosskamm, the company's president and chief executive officer; two of the committee's nominees, Arnaud Ajdler and Michael C. Appel, and two retail executives, Richard W. Bennet 3rd, former vice chairman of May Department Stores Co., and Michael Goldstein, former chairman and ceo of Toys 'R' Us Inc. Both the company and committee agreed to vote their shares in favor of these nominees and all of the proposals to be presented at the company's annual meeting.
- TRUE RELIGION UP: Premium denim brand True Religion Apparel Inc. on Thursday reported a 34.7 percent jump in first-quarter income to $6.9 million, or 29 cents a diluted share, from $5.2 million, or 22 cents, in the same year-ago period. Sales for the quarter soared 47.4 percent to $53.4 million from $36.2 million. During the quarter, the company exceeded its expectations for the domestic wholesale business and improved international performance. Management raised full-year earnings guidance in the range of $1.52 to $1.56 a share, compared with previous expectations of $1.48 to $1.52. The updated guidance is a result of an increase in its expected share count and a reduced effective tax rate.
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)