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.
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)
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@marianna_hewitt has become one of the most influential content creators in the beauty space, with almost 800,000 Instagram followers and a newly launched skin care line called @SummerFridays. Today, she was awarded Influencer of the Year at the WWD #BeautyIncAwards. (📸: @sophiachabbott )
As shopping behaviors evolve, the retail experience must follow. Head over to retail experts @colliersinternational’s Knowledge Leader series to read more about the shift in our shopping era. #colliersretail #lovecolliers
@prada opened a pop-up club, called Prada Double Club, in collaboration with German artist Cartsen Höller at @artbasel Miami. Last night, guests – including @youngparis, @ritaora and even Miuccia Prada herself – gathered in a former ice factory where the pop-up is housed for a performance from @wyclefjean. Go to WWD.com for full coverage on all the exhibits, parties and more at #ArtBaselMiami. #wwdeye (📷: @lexieblacklock)
@louboutinworld and @disney are making magic once again, creating a set of shoe designs for the release of “Star Wars: The Last Jedi.” Louboutin designed a pair of shoes for each of the film’s four female leads: Rey (@daisyridrey), Vice Admiral Amilyn Holdo (@lauradern), Captain Phasma (Gwendoline Christie) and Rose Tico (@kellymarietran). The shoes will debut on Saturday at the L.A. premiere of the latest episode. #wwdfashion
Today at the #BeautyIncAwards 2017, WWD will be joined by beauty leaders from around the world as we honor this year's most innovative people, products, brands and places. Follow along here and on Twitter for live coverage from the exclusive event. #wwdsummits (📷: @elizaflorendo)
Exclusive: Beauty superinfluencer @marianna_hewitt is launching her first-ever skin care brand with her business partner @laurengores. Their new line Summer Fridays, which will be sold exclusively at summerfridays.com starting in January, is launching with just one product – a hydrating cream Jet Lag Mask. “We wanted to focus on one product that was amazing,” said Hewitt. Read the full interview on WWD.com. Link in bio. #wwdbeauty #wwdnews
Michelin star-rated chef PJ Calapa marks his first solo endeavor with today’s opening of @scampinyc –– the new Southern Italian restaurant located in Manhattans’ Flatiron District. The upscale yet welcoming environment matches the menu, which includes two types of scampi: traditional Italian langoustines in butter and the Americanized version with shrimp over pasta 🍤 - pictured here. #wwdeye (📷: George Chinsee)