NEW YORK — As sources say that the three firms potentially interested in buying HMX Group have now signed confidentiality agreements with the company, a former bidder — Ron Burkle’s Yucaipa Cos. — is again eyeing its brands.A spokesman for Yucaipa confirmed the private equity firm's interest in HMX. "Ron has great relationships with the unions and they asked him to take a look," according to the spokesman. If it does enter the fray, it won’t be the first time Burkle has made a run at HMX: his private equity firm bid for certain assets when the then Hartmarx Corp. voluntarily filed for Chapter 11 bankruptcy court protection in 2009. Back then, Yucaipa was only interested in the brands, such as Hickey Freeman and Hart Schaffner Marx, and not the firm’s factories. Financial and market sources said they expect Yucaipa to enter the bidding after a bankruptcy filing takes place.RELATED STORY: HMX Under Pressure, Decision Expected Soon >>Yucaipa is not currently in the bidding mix. The three firms that are currently in talks with HMX are Authentic Brands, Iconix Brand Group and Bluestar Alliance.S. Kumar’s Nationwide Ltd. acquired Hartmarx during the bankruptcy in 2009 and renamed the new operating firm HMX Group.One stumbling block, as it was in the 2009 bankruptcy, is the factories that are under HMX’s ownership. Private equity firms want just the intellectual property assets. Even strategic firms prefer just the brands. The factories are in some respects outdated and poorly configured, said one individual who requested anonymity.Should the IP assets get sold if a bankruptcy filing were to occur, and the factories shut down, that would be a blow to HMX’s “Made in America” stance, particularly as more smaller apparel firms and fashion brands are seeing the benefits of increasing their production in the U.S.
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)