GOLDEN RECAP: Golden Sun Inc., which markets La Bella hair care products, has completed a recapitalization with Parallel Investment Partners, a Dallas-based private equity firm. Golden Sun founder Al Rodriguez will continue to head the 31-year-old company, which develops branded personal care items like shampoos, conditioners and skin and bath care products. The recapitalization is expected to help Golden Sun implement growth strategies. The Sage Group acted as financial advisor to Golden Sun during the transaction.
ARBUCKLE NAMED DEAN: Joanne Arbuckle has been appointed dean of the School of Art and Design at the Fashion Institute of Technology. She has held that post as acting dean since 2005. In her permanent placement, Arbuckle oversees the 18 academic departments that make up the School of Art and Design. There are about 4,000 students taught by 79 full-time and 437 adjunct faculty members. Arbuckle reports to FIT president Joyce Brown and provides leadership for the design, implementation and assessment of the art and design curricula. Arbuckle has worked with FIT students for more than 20 years. As acting dean, she played a key role in the development and implementation of FIT's strategic plan and lead the School of Art and Design in curriculum revisions that support the plan.
SHOW IN JEOPARDY: The annual Retail Systems trade show, as it was known to retail and technology executives before its rebranding last year, may not return in 2008, WWD has learned. Event organizers Retail Systems Alert Group of Newton Upper Falls, Mass., ceased operations Friday, raising questions about the future of the 17-year-old show, which drew 4,500 attendees at its peak in 2000. In 2006, attendance dropped to 2,800. Brian Kilcourse, the president and chief executive officer of RSAG who resigned Thursday, said the company had been successfully building its research practice "but the financial gap created by the demise of the trade show proved to be too great. We just ran out of runway," he said. This year, the conference and exhibition was renamed ERI eXchange and moved from its traditional Chicago venue to Boston. Over the years, the event featured prominent retail speakers such as Kevin Turner, who was chief information officer of Wal-Mart before he became chief operating officer of Microsoft. RSAG founder and chairman Tom Friedman was unavailable for comment.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"