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.
"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)
“On a personal level, it’s my vision to create a really different idea with their look to be at the epitome of women’s fashion in South Korea – to create a new milestone,” said stylist @chochowon on dressing K-pop’s most fashionable girl group, @blackpinkofficial. WWD’s @mistywhitesidell sat down with Won ahead of the group’s new album release, “Square Up,” which is out today. Read the full interview on WWD.com. #wwdfashion #blackpink_squareup #blackpink
For @ralphlauren, 2018 is a reason to celebrate: It marks the brand’s 50th year in business. Last year’s chauffeured show in Bedford, NY featuring his vintage car collection may have seemed like the big celebration to show-goers, but they were wrong. The official celebration will be held on September 7 during #NYFW. Get all the details on WWD.com. #wwdfashion (📷: @giovanni_giannoni_photo)