Billabong International Ltd. has named Peter Bryant group executive for commercial operations.
In his new role at the company, Bryant will restructure the firm’s reporting and operational structures as part of Billabong’s turnaround strategy. Bryant, who was the former chief financial officer of Billabong’s U.S. operation, in December was named interim cfo for the surfwear firm after former cfo Craig White left the company. Last month, the company named Peter Myers its new cfo. The company is set to report its first-half results for the period ended Dec. 31 on Feb. 22.
It is also expected that within the next two weeks Billabong will disclose whether it will move forward with one of the two nonbinding offers to acquire the company.
Both groups for the past month have been in the midst of reviewing Billabong’s books as they conduct their requisite due diligence on the surfwear firm.
In December, Billabong received a nonbinding proposal from Paul Naudé, former president of Billabong’s U.S. business, and private equity firm Sycamore Partners to acquire the company for 1.10 Australian dollars, or $1.14, a share, with the total deal value at 504.9 million Australian dollars, or $520.8 million at current exchange.
Last month, a competing nonbinding proposal was received from Altamont Capital and VF Corp., also for $1.14 cash a share. At the time Billabong confirmed the Altamont-VF offer, it said it will “run a process to evaluate whether a change of control proposal, at a price and on terms that the board would recommend, can be secured.”
The company said then it expected that process to take six weeks.
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast