Delta Galil Industries Ltd. is ready to jump back into acquisition mode, but it appears to be staying out of the current bidding for The Jones Group Inc., at least for now.
Isaac Dabah, chief executive officer of the Tel Aviv-based marketer of intimate apparel and activewear, declined comment on the current bidding for Jones. Market sources said Delta wasn’t among the bidders in the first round, in which a sale of the company in its entirety or the two major components of its portfolio, apparel and footwear, is being pursued.
However, Delta’s interest in Jones’ jeanswear properties, including Gloria Vanderbilt and L.E.I., could be rekindled if they were to be offered in a subsequent round, either by Jones or by a buyer of its apparel assets.
Dabah and Jones have a long history. He sold Gloria Vanderbilt Apparel Corp. to Jones for $138 million in 2002 and stayed on as ceo of its jeanswear unit before leaving the company in 2004. As ceo of Delta, he negotiated to acquire Jones’ jeanswear division in late 2011 for between $350 million and $400 million, but the parties were unable to strike a deal.
The impasse with Jones has hardly kept Dabah on the mergers and acquisitions sidelines. Delta acquired German underwear maker Schiesser for 68 million euros, or $85 million, in July 2012, a month after buying KN Karen Neuberger from CIT for $4 million. It added LittleMissMatched, a specialist in girls’ hosiery, for an undisclosed sum in December.
Delta Galil was among the firms that lost out on the bidding for La Perla when SMS Finance prevailed in the bidding for the Italian brand with its 69 million euro, or $90.3 million, offer.
@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)