DUPONT’S NORTHERN DEAL: DuPont on Wednesday said it offered to pay $1.4 billion to acquire the outstanding shares of DuPont Canada, of which it already owns 76 percent. It’s one of the last housekeeping steps Wilmington, Del.-based DuPont...
DUPONT’S NORTHERN DEAL: DuPont on Wednesday said it offered to pay $1.4 billion to acquire the outstanding shares of DuPont Canada, of which it already owns 76 percent. It’s one of the last housekeeping steps Wilmington, Del.-based DuPont has to do to prepare for the spinoff or sale of DuPont Textiles & Interiors, which the company has said it aims to complete by the end of the year. DTI’s U.S. operations already operate as a stand-alone unit within the company. DuPont has said it is considering a number of ways to spin off DTI, including an initial public offering if market conditions permit. However, as reported, the company is also said to be in talks with other private investors, including Koch Industries, which owns KoSa — DuPont’s former polyester operation.
VIYELLA SOLD — AGAIN: Viyella, the traditional U.K. clothing brand that targets women over 50, has been sold to the knitwear manufacturing company Harris Watson Holdings for an undisclosed sum, confirming reports in these pages. A spokeswoman for Harris Watson confirmed the sale, but declined further comment. As reported, Richard Thompson, of Riverhawk Investments, bought the Viyella and Jaeger brands from Coats PLC in January with an eye to flipping them. Earlier this month, he sold Jaeger to the textile entrepreneur Harold Tillman, owner of Baird Menswear Brands. Thompson could not be reached for comment on Wednesday.
STEPPING OUT WITH VANDERBILT: The Amerex Group has wrapped up a licensing deal with Jones Apparel Group to produce a line of outerwear and rainwear under the Gloria Vanderbilt and GLO label. Howard Grossman, president of Amerex’s women’s division, is heading up the new venture. The license had been held by Fleet Street, but was ended last May. The 20-piece collection of peacoats, anoraks, down jackets and walking coats is now being shown at the Amerex showroom at 512 Seventh Avenue in New York. Wholesale prices range from $30 to $60. Grossman declined to give a projected volume, but said the Vanderbilt lines are expected to be carried by at least 20 department, specialty and mass market stores this fall. Amerex also produces the Jones New York outerwear line under license.
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews