NEW YORK--Charterhouse Group International has acquired a 50 percent ownership interest in Rio Sportswear, which is headed by Arnold Simon, a principal in the company. Rio, based here, designs, distributes and markets women's and children's sportswear under the Rio brand and, under license, manufactures Bill Blass Jeans and Rifle Jeans Co. of Europe. The deal marks the second partnership between Simon and Charterhouse. In a separate transaction in July, they formed Calvin Klein Jeanswear Co., which earlier this month acquired the Calvin Klein jeanswear collection and related licensing rights from Calvin Klein. That deal was valued at around $50 million, exclusive of ongoing royalties and variables such as inventories. Simon said that in its deal with Rio, Charterhouse bought out his partner, Stephen Huang, who is based in Los Angeles. Simon and Huang had been partners in Rio for 11 years. Neither Simon nor Charterhouse would say how much Charterhouse paid for its 50 percent share, but Simon said the investment will enable Rio "to be stronger financially and keep the expansion opportunities open." Simon said Rio is expected to do over $300 million in wholesale volume this year. Charterhouse Group International, established in 1973, manages over $550 million of equity funds in the middle market and has made equity investments in more than 50 companies.
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia