Sean John founder Sean “Diddy” Combs and financial partner The Yucaipa Cos. have acquired streetwear brand Enyce from Liz Claiborne Inc. Terms of the deal were not disclosed, but according to an informed source, the purchase price was about $20 million.
“Enyce is a brand that I have always admired, and they have been a very important player in the young men’s sportswear arena for over a decade,” said Combs, founder and CEO of Sean John. “I am really excited to bring it into our portfolio of brands that already includes Sean John and Zac Posen. Our long-term plan is to grow the Enyce brand through innovative marketing, expansion of the men’s wear and boys’ lines, and launching into new licensing categories.”
Enyce was founded in 1996, and markets denim and sportswear collections for men and boys, as well as big & tall and women’s lines. Liz Claiborne purchased Enyce in 2003.
William McComb, CEO of Liz Claiborne, who has been selling off that company’s secondary businesses in order to focus on a smaller number of more meaningful brands, noted: “As we continue to implement our strategy of building powerful brands, we determined that we can’t properly maximize the potential of Enyce. Enyce is a strong brand with a loyal customer following; however, the unsettled economic environment and our commitment to properly resource and focus on other brands in our portfolio contributed to this decision. As a leading player in the young men’s market, Sean Combs has the expertise and resources to help Enyce during this difficult period and ultimately thrive.”
The Yucaipa Cos. is an L.A.-based investment firm controlled by billionaire Ron Burkle, which holds a large stake in Sean John, in addition to ownership of storied English jeweler Garrard and stakes in London jeweler Stephen Webster, the specialty retailer Scoop and designer label Zac Posen. Yucaipa’s fashion portfolio is overseen by Bob Wichser, the former CEO of Sean John and a longtime veteran of JA Apparel.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)