HAS CAPITAL, WILL TRAVEL: The Principal Opportunities Fund of Oaktree Capital Management has made a "substantial" but unspecified investment in South Plainfield, N.J.-based luggage and accessories maker Tumi Inc. Funds will be used to improve...
HAS CAPITAL, WILL TRAVEL: The Principal Opportunities Fund of Oaktree Capital Management has made a "substantial" but unspecified investment in South Plainfield, N.J.-based luggage and accessories maker Tumi Inc. Funds will be used to improve Tumi’s balance sheet, increase brand awareness, selectively expand its retail stores and aggressively develop its international business, the company said. Tumi currently has more than 20 stores in the U.S., and flagships internationally in Tokyo, Singapore and London. Oaktree is a Los Angeles-based private investment bank managing in excess of $25 billion. New York-based investment bank Financo Inc. represented Tumi in the transaction.
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
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"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.