The Perry Ellis International Inc.’s Special Committee essentially said it’s not going to be pushed into making a decision it is not ready to make, and none has been made yet on the offer made by former chairman George Feldenkreis in connection with his bid to buy the company.The response was directed to a letter Feldenkreis sent on Wednesday indicating that he wanted the parties to agree to a specific time frame for when negotiations would conclude and a decision made. He proposed May 29, after which he could withdraw his offer. Feldenkreis also noted that the process has been extended to almost four months. He also said that he has negotiated with the Committee in good faith, but that the same courtesy has not been shown to him.In Thursday’s response, Perry Ellis said, “As part of its strategic review process, the Special Committee continues to engage in good faith with George Feldenkreis to see if a transaction that maximizes shareholder value can be achieved. The Special Committee is disappointed that rather than moving forward with constructive negotiations, Mr. Feldenkreis continues to mischaracterize the status of negotiations.” The statement also said the Committee is conducting a bona fide process and stands “prepared and ready to enter into a definitive agreement on customary and appropriate terms.”The company also issued its cautionary statement that there is no assurance Feldenkreis’ proposal would result in a definitive offer, or that either the proposal or any other transaction would be approved.Feldenkreis in February offered to buy shares of Perry Ellis, at $27.50 a share, that he doesn’t beneficially own. Since then, the former chairman noted that due diligence is complete and that the financing is in place. Just last week, the former chairman proposed a board slate for election to the company’s board at the next annual shareholders’ meeting. The company hasn’t yet held this year’s meeting, and it still needs to determine a day and time for that meeting.
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)
"In order for Shudu to wear garments, she needs to be able to put them on, just like you would in the real world. You have to digitize the outfits," said Cameron-James Wilson on dressing 3-D model @shudu.gram for her WWD photoshoot with @itsclo3d. #wwdfashion (📸: @cjw.photo)
“Shudu is a digital supermodel, a very glamour and amazing woman. But she’s 3-D,” says Cameron-James Wilson, a fashion photographer and the creature of @shudu.gram. Here, Shudu wears @cushnieetochs for her debut fashion editorial. #wwdfashion (📷: @cjw.photo)
“It is the fierce female performances that came before me that made be able to clearly identify for myself what it was that I wanted to do, what kind of artist I wanted to be, what kind of films I wanted to make,” said @brielarson at the Women in Film Crystal + Lucy Awards. See more pictures from the event on WWD.com. #wwdeye (📷: Matt Baron)