SUN CAPITAL'S SUNNY OUTLOOK: Sun Capital Securities Group LLC's takeover of Kellwood Co. is all but complete. The private equity firm's $21-a-share cash tender offer for the $1.6 billion vendor didn't expire until midnight Tuesday, but as of 5 p.m. Monday, Sun Capital said 10,118,845 Kellwood shares had already been offered up. Combined with Sun Capital's existing 11.4 percent stake, the shares represent 57 percent of Kellwood's outstanding stock — more than the necessary majority to close the deal. If those shares weren't withdrawn Tuesday, Sun Capital said it would be able to pay for all tendered stock within days, while shares not offered up by midnight won't be paid until the deal is closed, which could take months.
MICHAEL PHELPS — Six Four AND 3-D: "It feels like a space suit," said Olympic gold medalist Michael Phelps describing Speedo's new FS LZR Racer at a press conference Tuesday feting the elite suit. Hundreds of journalists; seven Olympic swimmers (Phelps, plus Natalie Coughlin, Dara Torres, Katie Ziegler, Katie Hoff, Ryan Lochte and Amanda Beard), all wearing the suit, and executives including Warnaco chief executive officer Joseph Gromek, filled E Space at 42nd Street and 11th Avenue in Manhattan to see a hologram presentation of the suit (a collaboration with Comme des Garçons) that athletes will wear at the Beijing Olympics in August. There were also events Tuesday in London, Tokyo and Sydney — plus the Manhattan one was Webcast. TOMMY'S CAREFREE CONFIDENCE: To promote its spring collection, Tommy Hilfiger is launching a global ad campaign that it's calling "Carefree Confidence." Looking to the same Sixties golden-era glamour that inspired the sportswear, the campaign depicts a couple driving vintage sports cars on the speedway in Utah's Bonneville Salt Flats.
This latest installment of National Geographic-inspired advertising, photographed by Dewey Nicks, follows campaigns from the past three seasons that have paid tribute to the Yukon Territory, Monument Valley and Olympic National Park.
But unlike past campaigns that featured a group of friends, this focuses on a couple. "The images of this campaign juxtapose the enormity of the salt flats' emptiness with the intimacy of the couple's companionship," Tommy Hilfiger said.The campaign will break in March issues of Vogue, Vanity Fair, W, GQ, Esquire, Elle and Details, in addition to outdoor campaigns in New York, Milan, London and Brussels. The company declined to reveal its spring ad budget.
LULULEMON HEARTS NEW YORK: Lululemon Athletica Inc. has big plans for New York, with two stores slated to open this year. The yogawear firm, which has been rapidly expanding since going public last summer, has had a 2,500-square-foot store in Lincoln Center for more than a year. The new stores will be about 3,000 square feet each. In late spring, the first will open on the Upper East Side, at 66th Street and Third Avenue, and in early fall, Union Square, where Lululemon had a showroom for a few months at the end of last year. That showroom — which had to close due to foot traffic exceeding expectations (and agreements with the landlord) — bodes well for the Canadian brand's acceptance in Manhattan. Next up? "We would love to have a store in SoHo," a spokeswoman said.
The company has hired a new vice president of real estate operations, Angelia H. Powell, as it adds 30 stores this year. Powell previously was director of real estate at New York & Co. She will report to Christine Day, executive vice president of retail operations. Powell replaces Larry Gore, who will be moving into merchandise, planning and allocations as senior vice president.
SHOSHANNA CELEBRATES 10TH ANNIVERSARY: Shoshanna Lonstein Gruss seems entirely too young to be celebrating a decade at the helm of her line. But a year after graduating from UCLA (where she'd worked at the West Coast retailer Tracey Ross and "realized it was possible for small lines to make it"), the Manhattan native did in fact launch three dresses in three shapes and three colors, giving birth to Shoshanna in 1998. "I started right out of college, and I wasn't scared to fail," she said. "I figured if it didn't work, I'd be 23."
In the last 10 years, Shoshanna's distribution has gone from 10 boutiques to 500 doors, including Saks Fifth Avenue and Bloomingdale's. Along the way, Lonstein Gruss added swim in 2001 — which makes up more than a third of sales — and Shoshanna BabyGirl in 2005, after becoming a mother. The swimsuits also have added more covering options, like one-pieces."The line was born from my frustration with fashion, because all the dresses then were bias-cut slipdresses where you couldn't wear a bra, and that didn't fit me," the designer said. "When I started the line, I needed more going-out outfits. Now I need more work outfits and things that are appropriate for taking my daughter to school. Luckily, my core customers have grown up with me."
From 1999 to 2005, Shoshanna was in a 50-50 partnership with lingerie company Lady Ester, and since Lady Ester went bankrupt and Shoshanna went out on its own, the company has doubled revenues to $12 million, Lonstein Gruss said. Dresses wholesale from $150 to $220, and swim ranges from $60 to $80 per suit. Shoshanna plans to fete its anniversary with several collaborations, to be finalized and unveiled this year.
Exclusive: Nicola Formichetti is parting ways with @diesel after nearly four years. Formichetti, who served as Lady Gaga’s stylist in 2009, joined Diesel in 2013 as creative and artistic director. His first show debuted in Venice with a show held at the Venetian Arsenal. #wwdfashion #wwdnews
The polo shirt - an icon of preppy style - is roaring back into fashion in many creative guises, like this A-line polyester top from @carven, worn with @31philliplim cotton and elastane pants. Designers stretched a fashion classic into all kinds of new permutations this season. See how @mayteallende styled the preppy trend on WWD.com #wwdfashion (📸 : Kinya)
(Market Editors: @andrew_shang and @elmercer, Makeup: @amandawilsonmakeup using @fentybeauty, Hair: @gonn24, Model: @bara_holotova at @women360mgmt)
“I do like period [projects] a lot because I like creating those worlds, a world that is different from today," costume designer Mark Bridges said about the '50s British couture featured in @phantomthread. Bridges created the overall aesthetic and individual fashion looks for the film, which stars Daniel Day-Lewis, Lesley Manville and Vicky Krieps. Pictured here is a gown he designed for Krieps who plays Alma – the love interest of Day-Lewis' character, Reynolds Woodcock. #wwdfashion
@prada is embracing the holiday season with a series of short movies about the art of gift-giving. "The Postman's Gifts", which was directed by American filmmaker Autumn de Wilde, focuses on the brand's signature Prada Galleria bag and features Elijah Wood as the postman. In the first two episodes, Wood's delivers the iconic bag to @emmaroberts, who plays herself as a movie star, and Sasha Frolova. #wwdfashion
“I think I never met the person while we were working,” Vicky Krieps said of Daniel Day-Lewis, who she plays the love interest of in “Phantom Thread.” Day-Lewis remained perennially in character, so much so that she feels she’s just meeting him now. “It’s interesting to see how different he is in real life to the character,” Krieps said. WWD sat down with the 34-year-old actress to talk about her new role in the period film, which brings the fifties’ gender dynamics into the mix. Read more on WWD.com. #wwdeye (📷: @lexieblacklock)
@gucci has expanded its “Places” project to include six new cities. The initiative, which was first unveiled in July, aims to invite people to explore inspirational locations for the brand. On the list is the Biblioteca Angelica library in Rome pictured here. See the other five new venues on WWD.com. #wwdfashion (📷: @massimo_listri_official)
#ad From tools to lashes, WWD rounded up wellness and beauty products guaranteed to take your skin care and makeup routines to the next level in 2018. Follow along as @laceandleatherbyelyse, @ashnfashn and @elleisalwayshere experiment with these products on their Instagram profiles and blogs. #NewYearBetterYou
Blogger @camilacoelho is one of the fastest growing beauty influencers around the world. The bilingual blogger has worked with brands like @revolve Beauty, @dior, @louisvuitton and more and has an Earned Media Value of $34,338,441, according to @tribedynamics. But Coelho isn’t the only influencer making a major impact — head to WWD.com to see the other fastest-growing influencers in six key global markets. #beautyfridays (📷: @zefashioninsider)