NEW YORK — BH S&B Holdings, anewly-formed affiliate of investment firm Bay Harbour Management, was thesuccessful bidder at the Steve & Barry's auction that concluded earlyThursday morning.The bid, subject to Manhattan bankruptcy court approvalthis morning at 11 a.m., is expected to be completed on Aug. 25.Under theterms of the $168 million purchase agreement, the majority of Steve &Barry's 276 stores will continue to operate, offering collections created withentertainers and athletes including Sarah Jessica Parker, Venus Williams, AmandaBynes, Laird Hamilton, Ben Wallace and Bubba Watson, all of which are producedunder licensing relationship with Steve & Barry's.BH S&B Holdingshas not yet made any decisions concerning which Steve & Barry's stores willclose or when, but an announcement is anticipated next week.The acquisitionby BH S&B Holdings also includes Steve & Barry's intellectual propertyrights, such as its celebrity and brand licenses, and the company's keyfacilities, including its Port Washington, N.Y., headquarters; Columbus, Ohio,distribution center, and certain overseas offices."Steve & Barry'soffers a unique, high-value shopping destination to the American consumer -- astore where one can buy the exciting Bitten collection by Sarah Jessica Parker,EleVen brand cross-trainers designed by Venus Williams that she wore whilewinning both Wimbledon and an Olympic gold medal this summer, and so many othertremendous brands," said Douglas Teitelbaum, managing principal of Bay HarbourManagement. According to Teitelbaum, "There's a fundamentally strongbusiness model at Steve & Barry's that just needs some fine-tuning to get itback on a growth track in order to reach its full potential.""I am veryproud of what we've been able to accomplish with the Bitten brand, and have seenfirst-hand the efforts Steve & Barry's has put forth to ensure it achieveswhat we set out to do -- make classic casual sportswear accessible to allwomen," said Sarah Jessica Parker. "I'm very pleased that Steve & Barry'swill be able to continue to deliver on that mission and look forward tocontinuing our strong partnership."Among the other investors in BH S&BHoldings are Steve & Barry's co-founders Steve Shore and Barry Prevor.For complete coverage, see Friday's WWD.
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
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)