CUSHMAN & WAKEFIELD DEAL: Cushman & Wakefield has reached an agreement to acquire Burnham Real Estate, a large commercial real estate services firm based in San Diego. Financial terms were not disclosed. C&W said the deal is scheduled to close in January and will position it as the leading commercial real estate firm in San Diego. Burnham Real Estate, founded in 1891, has provided traditional brokerage, asset, capital markets and advisory services, and strategic corporate consulting and project management.
U.S. PASSES ON CHINA MOVE: The Treasury Department again resisted taking punitive action against China's currency policies, declining to accuse the economic giant of currency manipulation Wednesday despite pressure in Congress. In its semiannual review sent to Congress, the Treasury concluded that China did not meet the technical requirements for the designation of currency manipulation. Lawmakers repeated their calls for a bill aimed at China's currency next year. Congressional critics and domestic manufacturing groups contend that China keeps its currency artificially low, making goods 15 to 40 percent cheaper on the world market, putting U.S. producers at a competitive disadvantage and driving up the trade deficit.
VF OUTLOOK: VF Corp. reaffirmed its fourth-quarter revenue and earnings guidance on Wednesday. The company said it expects quarterly revenue to jump 18 percent. Earnings per share from continuing operations are forecast to grow more than 13 percent. VF initially provided guidance on Oct. 18. The fourth-quarter results will be released on Feb. 5. A review of its five-year growth plan and targets as well as guidance for 2008 will be released on Jan. 9. Mackey McDonald, chairman and chief executive officer, said VF's strength lies in the diversity of its brands, distribution channels and product categories.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)