TOKYO — Japanese cosmetics company Pola Orbis Holdings is planning an initial public offering, and its shares are expected to start trading on the Tokyo Stock Exchange Dec. 10, a spokesman said Friday.The company plans to sell about 4 million existing shares, which will raise about 6 to 7 billion yen, or $74.2 million to $86.5 million at current exchange rates. The funds will be used to develop the company’s production and research and development facilities. Pola has set an indicative price of 1,800 yen, or $22.25, per share.On top of that, Pola’s shareholders will sell 13.6 million shares, which would generate about 24.5 billion yen, or $302.9 million, for those investors. There is also an over-allotment option for an extra 2.6 million shares if demand requires. If the over-allotment option is fully exercised, 35 percent of the company will be listed on the stock market.Pola saw sales of 95.27 billion yen, or $1.18 billion at current rates, for the year ended December 2009.This is the second significant beauty IPO in the region this year. In May, French beauty group L’Occitane International SA listed its shares on the Hong Kong Stock Exchange.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)