- AMERICAN APPAREL DEAL SET TO CLOSE: A year after announcing plans to acquire vertical manufacturer and retailer American Apparel, New York investment firm Endeavor Acquisition Corp. said its shareholders will meet today to vote on the transaction. If approved, Endeavor will immediately complete the deal and issue 37.3 million shares to American Apparel founder Dov Charney, or a maximum value of $526.1 million. Endeavor also said it will pay $67.9 million in cash to Sang Ho Lim, American Apparel's other principal shareholder, and that certain employees of Los Angeles-based American Apparel will receive cash bonuses totaling $2.5 million.
- FILA SIGNS SZAVAY: Fila has signed an endorsement agreement with Agnes Szavay, as part of Fila's commitment to tennis. Next month at the Australian Open, the 18-year-old Hungarian, who broke into the top 20 of the WTA rankings this November, will launch Fila's tennis performance collection inspired by the company's Seventies tennis fashions. For its 2008 women's product and marketing campaign, Fila will incorporate Szavay and other sponsored athletes — its roster also includes U.S. Open champion Svetlana Kuznetsova.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"