NEW YORK — Liz Lange, the 10-year-old designer maternity company, has a new parent.The company was sold Thursday night to Bluestar Alliance for an estimated $50 to $60 million, industry sources said.Bluestar, led by Ralph Gindi and Joey Gabbay, recently purchased Ron Chereskin, the men's apparel brand. Bluestar also owns Wellington Capital Group, where Gabbay is president. Wellington last year acquired the Harvé Benard brand.Neither Liz Lange nor Bluestar executives could be reached for comment.Lange, who started her firm in 1997 offering stylish, well-made maternity clothes, struck a chord with celebrities such as Gwyneth Paltrow and Sarah Jessica Parker, as well as regular moms. The company operates three freestanding stores on Madison Avenue here, North Beverly Drive in Beverly Hills and in Greenvale, N.Y. It also has an e-commerce Web site.In 2001, Lange joined with Nike to produce an exclusive line of maternity athletic wear. The next year, she signed an exclusive agreement with Target Corp. for a less-expensive maternity line while continuing upscale distribution of her designer maternity line.Industry sources estimate Lange's business generates $200 million in revenues, including licensees. The designer has been eager to strike a deal with a private equity firm for several years to aggressively expand both her product line and freestanding stores. Sources said Lange plans to close her existing stores in the first half of 2008, and re-open in new locations later in the year and in 2009 with expanded product assortments for mothers and babies. She also expects to branch into women's ready-to-wear.The author of "Liz Lange's Maternity Style: How to Look Fabulous During the Most Fashion-Challenged Time," Lange also has collaborated with Nikon on a limited edition Liz Lange camera.In a speech last year to the fashion industry, Lange recalled that she faced opposition from retailers in launching her business. One told her women didn't care about their appearance during pregnancy because it only lasted nine months. "No matter what anyone says, if you think you have a good idea, you probably do...don't let anyone tell you it can't be done," she told the group.
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)