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.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia