PACSUN PROXY THREAT: Two days after withdrawing its buyout offer for Pacific Sunwear of California Inc., extreme sports retailer Adrenalina again sought a meeting with PacSun management to “avoid a costly proxy fight.” In a letter to Sally Frame Kasaks, PacSun chairman and chief executive officer, Adrenalina chairman and ceo Ilia Lekach said a meeting was in the “best interest of all shareholders.” Adrenalina, which operates three stores, offered to buy the 942-unit PacSun in October for $4.50 a share, valuing the company at approximately $300 million. The company then increased its bid to $5 a share, or about $329 million. PacSun rejected both offers and had no comment on Adrenalina’s latest move. PacSun shares rose 10.6 percent to close at $1.99 Wednesday. Adrenalina’s stock wasn’t traded during the day and remained at 70 cents a share.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18