Liz Claiborne Inc. is close to concluding the fates of several of its brands under review.After accepting formal offers on the nine remaining brands under review two weeks ago, the $4.99 billion firm has settled on buyers for some of them, including Ellen Tracy and Laundry, and is contemplating keeping bridge brand Dana Buchman and licensing it, according to sources. American Capital Strategies Ltd. is believed to have won the bid for Ellen Tracy, besting G-III Apparel Group Ltd., which has the Ellen Tracy licenses for outerwear, said a source. American Capital, which recently bought Appleseed's Brands, a private label apparel brand for women and men ages 55 and older, did not return calls seeking comment Thursday.The Laundry buyer is unknown, but Schottenstein Stores, which had put in an offer for the dress brand, did not win the bid, according to another source. Other bidders, including Cerberus Capital Management LP and Perry Ellis International Inc., have dropped out of the bidding, according to sources.The second phase of the auction process, which began when Claiborne chief executive officer William L. McComb revealed his intention to sell 16 of the company's brands, involves the nine contemporary, better, bridge and active labels: Dana Buchman, Ellen Tracy, Sigrid Olsen, Enyce, Prana, Mac & Jac, Kensie, Laundry and C&C California.Although the conglomerate is giving preferential treatment to bidders interested in multiple brands, the first group of labels appears to be going to individual buyers. Enyce, Prana and C&C California also all appear to be getting sold individually, according to a source.Claiborne completed the first phase — involving the seven moderate brands — in September. The company dissolved one brand, blended two others into existing ones and sold four — Emma James, Tapemeasure, JH Collectibles and Intuitions — to the Regatta division of Li & Fung USA, a subsidiary of Li & Fung Ltd. Li & Fung president Rick Darling has denied his company was bidding in the second phase.Claiborne has set the end of the first quarter next year as a deadline to conclude the review process. The company declined comment.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim