Most companies would make a deal for the right price, especially amid the current troubled economy, and some firms are actively weighing their options.
Last month, cash-strapped NexCen Brands Inc. said it received "numerous expressions of interest" in its Bill Blass and Waverly brands. The firm has inked an agreement with its lender that will provide a bit of additional financial breathing room, at least until the middle of this month. In addition, NexCen has sliced its workforce by 10 percent, a move expected to cut cash outlays by about $3.5 million.
It's uncertain how this will all shake out. Designer Licensing Holdings Co. LLC, the jeanswear licensee for Bill Blass and owner of 10 percent of the Bill Blass trademark, has acknowledged interest in acquiring the mark. Others reported to have expressed interest include Tharanco Group, Iconix Brand Group Inc. and Windsong Brands LLC.
Lutz & Patmos, a designer knitwear label known for its collaboration with high-profile types like Carine Roitfeld and Julianne Moore, is also said to be seeking an investor or a potential buyer.
In addition, Brooklyn Industries, a nine-unit retail operation that has built a loyal following in its 10-year history is prime for the taking. Co-founder Lexy Funk has heard from potential buyers but said nothing is "imminent." She might seek a partnership down the road to raise capital, provided the brand maintains its indie spirit and creative design and marketing, she said.
"The next step for us is to build the company into a national brand within the next five years," Funk said.
To that end, the company has just opened its first non-New York store in Chicago's Buckhead neighborhood, which is where Funk lived when she attended the Art Institute of Chicago. Brooklyn Industries' e-commerce site has allowed the brand to reach shoppers in the U.K., Scandinavia and other places abroad.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews