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 If those shares weren't withdrawn Tuesday, Sun Capital said it would be able to pay for all tendered stock within days, while shares not offered up by midnight won't be paid until the deal is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.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)