- TRADE MART IN COLOMBIA: The parent company of the Dallas Market Center said Thursday it will develop and manage a new wholesale trade complex in Bogota, Colombia, called the LatinAmerican Trade Mart that will be the largest such operation in South America. The 2.5 million-square-foot project is scheduled to open in 2011, according to Market Center Management Co., which owns or manages wholesale market centers such as the Dallas Market Center and FashionCenterDallas, Shanghai Mart and Brussels International Trade Mart. Market Center Management is owned by Dallas-based Crow Holdings. Pedro Gomez y Cia SA, one of the largest commercial developers in South America, and Organización Luis Carlos Sarmiento Angulo, a diversified private holding company, will own the trade mart. Market Center Management will collaborate with the owners as a partner supporting the design, construction, leasing and trade event planning and execution.
- NIKE-UMBRO DEAL: Nike Inc. passed a key hurdle in its $565 million purchase of Umbro plc, the U.K.-based soccer brand. Umbro shareholders meeting in London Thursday approved the all-cash acquisition, a process that began Oct. 23 when Nike bid 193.06 pence, or $3.83 a share. Pending court hearings and final regulatory approvals, Nike Vapor Ltd., a wholly owned Nike subsidiary, anticipates completing the deal in March. Nike intends to operate Umbro as a stand-alone brand that will join Nike's $2 billion portfolio of affiliates.
Madonna turns 59 today, marking another year of show-stopping, one-of-a-kind bold looks from the singer. To celebrate, we took a look at the superstar's most memorable fashion moments. Here, Madonna sits front row at Versace's spring runway show in 1995. See more exclusive photos from the #wwdarchive on WWD.com. #wwdeye (📷: Cédric Dordevic)
WWD asked a handful of creative directors to evaluate the September covers of leading women's fashion magazines. How do they think the covers this year compare with years gone by, and what do they say about the current status of the publication? Link in bio. (GIF by @hypebreast)
"Stephen King is such a master, but I don't like being scared - there's enough that's really scary. How about the morning's news?" says Holland Taylor in an interview with WWD. See what else the actress said about starring in the TV adaptation of King's thriller "Mr. Mercedes" on WWD.com. #wwdeye (📷: @jgreenery)