STEEL HERE: Danny Lee, president of the Los Angeles denim company Steel Jeans, said he's heard the persistent rumors that his six-year-old company is going under but said that it isn't true. Lee admitted...
STEEL HERE: Danny Lee, president of the Los Angeles denim company Steel Jeans, said he's heard the persistent rumors that his six-year-old company is going under but said that it isn't true. Lee admitted there's been some trouble with cash flow recently, following an aggressive expansion that included two new showrooms, a new 120,000-square-foot headquarters and a $3 million ad campaign. "Financially, we've been in arrears with some of our people for the last couple of months, and business was not what we expected it to be," said Lee. But, he added, he's finishing up a deal that will make Steel a vertical company and after that "we expect to expand very aggressively." He noted that he was planning his spring advertising buys as usual. Lee said his partner in the deal is in "the piece goods and textile" business, but declined to name the company.
FROM GLORY TO CHIC: Kikomo, a New York manufacturer, has signed a license to produce woven denim-friendly tops under the Chic label. The line will ship for next spring. It's part of a merchandising strategy to take the Kikomo label out of the mass market and trade it up to moderate department stores. Chic, also based in New York, is a mass market denim brand. Items will wholesale for $6 to $9, said Ravid Kamon, division head for the Chic license at Kikomo, and the line will be "core items that are more missy-driven." This is Kikomo's only current license. It had held a license for woven tops with Faded Glory, which, as reported, is becoming a mass resource. Robert Luehrs, president of Chic, said he expected the line to do $10 million to $12 million its first year.
GENERRA JUNIORS COMES TO NEW YORK: The Generra Co., the Seattle licensed casual sportswear company, has established a New York presence for its Juniors label. The line is now in the ZAP showroom at 80 West 40th St. The Juniors label was launched this year as a licensed brand of Generra. The line initially is concentrating on denim categories such as jeans, shorts and jackets with coordinating knit tops, with wholesale prices around $15. The ZAP showroom is operated by Larry Zarsky and Alan Pfeifer.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)