Some companies are getting a bit ripe on the West Coast.From Stitch Fix and Honest Co. to TechStyle Fashion Group and Revolve, the question is who is set for an exit in the near future with all of the companies at one time this year rumored to be either up for sale or eyeing an initial public offering.Nothing’s being more closely watched than Stitch Fix, which had reportedly filed for an IPO confidentially estimated to be between $3 billion and $4 billion. But there’s also chatter the San Francisco-based subscription box service could be the target of an acquisition placing it in an enviable catbird seat.It’s a bit less clear for others in the consumer products space.El Segundo, Calif.-based TechStyle Fashion Group — parent to online companies such as JustFab and Fabletics — has raised nearly $250 million with a valuation that’s been said to be about $1 billion. The company earlier this year was rumored to be shopping for a buyer but declined to comment on the speculation. Just a year prior, executives — when asked if an exit in the form of an initial public offering was looming — seemed to suggest the company was in preparation mode. In fact, last year, corporate marketing officer Shawn Gold told WWD if “conditions are ripe” 2017 could see one from TechStyle. That hasn’t yet happened so it remains to be seen what’s next for the multibrand e-commerce player.Competitor Revolve, which isn’t necessarily a direct competitor to TechStyle with Revolve’s focus more on the contemporary markets, has also been said to have been shopping for a buyer in the past but nothing’s come of it.Then there’s Honest Co., which hired Goldman Sachs & Co. and Morgan Stanley last year to explore an IPO or sale. Neither happened as the company has since worked through claims over mislabeling related to use of sodium lauryl sulfate in Honest products. A chief executive officer switch in March saw cofounder Brian Lee succeeded by Clorox chief operating officer and executive vice president Nick Vlahos, who said he would help “accelerate innovation and growth” at the firm.
Exclusive: @isabelmarant and @lorealmakeup have teamed up to create a capsule makeup collection. "She is rather natural in the day but doesn't have time to go back home before going out [in the evening] and redo her entire beauty look," said Marant on the 5 products included in the collection, which will launching in September. Read @jenniferbethweil's interview with the designer on WWD.com. #wwdnews #wwdbeauty
After 17 years, Tomas Maier is leaving @bottegaveneta. “I am deeply grateful to him and I personally thank him for the work he accomplished, and for the exceptional success he helped to achieve,” said François-Henri Pinault, head of parent company @kering_official. Head to WWD.com for more on his departure. #wwdnews #wwdfashion (📷: Davide Maestri)
@shaymitchell is no stranger to teaming up with beauty brands, but she’s made her latest partnership official: She’s signed with @buxomcosmetics as global creative brand ambassador, WWD learned exclusively. Mitchell and Buxom will collaborate on campaign development, social media strategy and content and new product and shade development. Read more on WWD.com. #wwdbeauty (📷: @clint_spaulding)
Today we’re at the WWD Retail 20/20 Forum where industry leaders will be talking about the future of shopping for fashion, footwear and beauty. Tune in on Instagram Live at 9 am and 3:30 pm to hear from two of our speakers –– @therealreal’s Rati Levesque and @bandier’s Stephen Ippolito. #wwdsummits (📷: @elizaflorendo)
Seen last night at @coach’s launch party for “Life Coach,” an interactive pop-up in Soho: @joansmalls. Open now, visitors of the pop-up can engage in themes of “creativity and self-expression,” through tarot, carnival games, live performances and art. See the rest of the party pics on WWD.com. #wwdeye (📷: @vnina)
“We figure there’s enough cynicism to go around the world right now let’s go out there and be ourselves, let’s be enthusiastic, let’s have positive energy, which is something I think a lot of people really want and need right now,” said musician @joshgroban ahead of hosting the Tony Awards with @sarabareilles. Read @leighn’s interview with Groban on how he picked his look for the night, his next record and more on WWD.com. #wwdeye #tonyawards (📷: @vnina)
“Rock as an attitude and not a uniform. Street as a style and not just clothing. Sportswear as the new normality,” @paul_surridge said of his first @roberto_cavalli men’s wear collection, previewed here. The British designer joined the brand as the creative director in May 2017, and is gearing up to unveil his debut for the label with a runway show at the Florence Charterhouse on June 13 at #PittiUomo. Head to WWD.com to read more about his collection and see more sneak peek photos. #wwdfashion (📷: @simonelezzi)