LUCKY SHOES: Vernon, Calif.-based Lucky Brand Dunagarees is stepping into footwear. The line of denim-driven activewear has inked a licensing deal with South River, N.J.-based Steinweis Jacobson LLC to produce women’s and men’s footwear. Lucky Brand footwear will hit department and specialty stores for the back-to-school season, featuring five men’s and six women’s athletic-looking styles in leathers and suedes. The looks will also be carried at Lucky’s stores and Web site, luckybrandjeans.com. Retail price points will range from $60 to $100.
This story first appeared in the March 27, 2003 issue of WWD. Subscribe Today.
HARRODS NIXES CHICAGO PLANS: Chicago, apparently, is not Harrods’ kind of town. The London department store has all but scrapped plans to open a unit in the Windy City — what would have been its first in the U.S., a company spokesman said. He said Harrods’ owner, Mohamed Al Fayed, failed to see eye-to-eye with developers for Chicago’s historic State Street shopping area. Al Fayed had wanted to take on a larger role in the development — in the form of a proposed hotel and real estate project — but was offered a “fairly modest retail proposal,” in the end, the spokesman said. “Further involvement in the project looks exceptionally unlikely,” he added. “The developer seemed unaware of the fundamental brand value associated with Harrods, and this was reflected in [the proposal].”
ITALY ON MADISON: The Italian Trade Commission plans to kick off an 11-day promotional program with retailers on upper Madison Avenue in Manhattan tonight. The ITC has set a ribbon-cutting ceremony on Madison between East 65th and 66th Streets to mark the program’s beginning. Called “Passport to Italy,” it gives consumers a chance to win Italian prizes, from trips to fashion accessories. Passports for the program are available at 32 participating retailers and in the March 17 issue of New York magazine. The promotion is to end April 6.
MO’ MONEY: Bluefly Inc. has renewed and expanded its secured revolving credit facility with Rosenthal & Rosenthal Inc., an independent financial services and factoring firm. Its available financing has been increased to roughly $4 million from $2.5 million. The deal was secured by Bluefly’s inventory and a letter of credit from an affiliate of Soros Private Equity Partners. The credit facility entitles Bluefly to certain credit accommodations, including the right to obtain loans, factor-to-factor guarantees and letters of credit issued in favor of Bluefly’s suppliers.