Bluestar Alliance is pumping up its apparel portfolio with the acquisition of junior brand Hot Kiss.Bluestar, which also owns Liz Lange and Harvé Benard, acquired a majority stake in the $100 million Hot Kiss Inc. for an estimated $20 million from founder Moshe Tsabag, who will stay on as director of marketing and merchandising. The design and sales staff also will stay on, according to the company."Moshe has a merchandising eye unlike anyone in the market," said Bluestar chief executive officer Joey Gabbay. "With money behind him, Hot Kiss can really take off."Bluestar predicts Hot Kiss — which sells at retailers including Nordstrom, Macy's, Wet Seal and Dillard's — can grow to a $500 million brand in three years. Bluestar's plan includes expanding Hot Kiss' licensing business, tripling its marketing budget to about $3 million and expanding with international retail stores. The first Hot Kiss store is slated to open in May in Japan, where Bluestar plans to open 20 more stores by the end of 2009. Domestically, there are plans to open a New York and a Los Angeles store by the end of this year."It's one of those rare brands that has been kept clean since the inception 12 years ago," said Bluestar chief operating officer Ralph Gindi. "Now we can take it to the next level."Founded a year and a half ago by Gabbay and Gindi, Bluestar has grown into a $500 million apparel conglomerate. It acquired maternity brand Liz Lange in November for an estimated $50 million, following the purchase of men's brand Ron Chereskin in September, and Harvé Benard in September 2006. Next on the company's wish list is a luxury brand by the end of the year.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim