- 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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)