Redcats USA, a subsidiary of French holding company PPR SA, has completed the sale of its misses’ division that includes Chadwick’s, Metrostyle and Closeout Catalog Outlet to Monomoy Capital Partners, a $280 million private equity fund in the U.S. Terms of the transaction were not disclosed. Monomoy on Monday named Chas Hepler as the chief executive officer of its new acquisition, renamed the Women’s Apparel Group. The fund also appointed David Myles as chief operating officer. Both were at SD Retail Consulting Inc., a firm specializing in direct retail. Mitch Schaffer, managing director at the consumer banking division of Stifel Nicolaus, the lead adviser to Redcats, said the deal was a cash transaction. He also said there were both strategic and private equity buyers interested in the properties. The misses’ division has an annual volume of over $300 million and includes both Web and catalogue operations. Redcats said in January that it intended to sell the division following its acquisition of the United Retail Group, which includes almost 500 Avenue stores, to focus on plus-size apparel for men and women and on outdoor gear. “Our customer base has remained extremely loyal in a difficult retail environment, and we can continue to build a great business here by engaging all of our employees and providing our customers with consistently superior service and products,” said Hepler. According to Monomoy, the women’s apparel group targets women between the ages of 25 and 55.
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)