The Gores Group is looking to team up at J.Mendel.
Gores hired Barclays this summer to test the market for new investors in the designer brand, according to two financial sources. Barclays declined to comment and it is not clear how the search has progressed, but the bank started sending out feelers to would-be investors a few months ago.
“The Gores Group is committed to the long-term development of the house of J.Mendel,” said a spokesman for the private equity firm. “Following the momentum that the house is currently experiencing — with the opening of a flagship on [Manhattan’s] Madison Avenue, the launch of handbags and the arrival of a new ceo working along side Gilles Mendel — we are exploring the possibility of a strategic minority investor, which would help us to accelerate the development of the brand and increase its retail footprint.”
Los Angeles-based Gores bought into J.Mendel in Aug. 2010. At the time, Gores managing director Jeffrey Schwartz said, “There are many, probably hundreds, of fashion companies that are run by very talented creative people, but they are not as focused on running their businesses for profitability as they are for designing clothes.”
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
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Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)