There’s clearly money in teen angst and vampires. An investment group led by ZelnickMedia has agreed to acquire Alloy Inc., the company that produces “Gossip Girl” and “The Vampire Diaries,” for $126.5 million. The cash transaction, at $9.80 a share, is expected to close in the fourth quarter of this year. Members of Alloy’s senior management will exchange an as-yet undisclosed portion of their Alloy shares for an equity interest in ZelnickMedia. Shares of Alloy Thursday closed at $9.51, up 10.7 percent.
Alloy co-founders Matt Diamond and Jim Johnson, chief executive officer and chief operating officer, respectively, will continue to run the company. Geraldine Laybourne, founder of Oxygen Media, will serve as chairman. Bill Jemas, former chief operating officer of Marvel Entertainment, will sit on Alloy’s board.
Alloy, which started in 1996, acquired Delia’s Corp. in 2003 and spun it off two years later. Its digital operations today include alloy.com and delias.com, both of which sell apparel and provide content geared to female Millennials. Alloy recently launched Alloy TV, a digital network providing short-form video programming.
In the fiscal year ended Jan. 31, the firm registered a net loss of $4.9 million on revenues of $205.1 million.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion