LEASES TO GO: Burlington Coat Factory and bankrupt Kmart Corp. will be in Chicago bankruptcy court on Sept. 25 seeking approval of Burlington’s assumption of leases for five former Kmart stores. Two of the leases are in Austin, Tex., while the...
LEASES TO GO:Burlington Coat Factory and bankrupt Kmart Corp. will be in Chicago bankruptcy court on Sept. 25 seeking approval of Burlington’s assumption of leases for five former Kmart stores. Two of the leases are in Austin, Tex., while the balance are for stores in Glen Oaks, N.Y., Orlando, Fla. and Lexington, Ky.
EXPANSION ORDER: Bankrupt Warnaco Group is seeking Manhattan bankruptcy court approval to expand the scope of employment of BDO Seidman in connection with its plan to exit Chapter 11 at the end of the month. According to court papers, the accounting firm, which has been working with Warnaco since July 2001, will provide enterprise value analysis and other financial projections that will be included in the firm’s plan of reorganization. A preliminary budget of $365,000 plus out-of-pocket expenses has been set for the firm’s accounting services.
MARZOTTO RESTRUCTURES: The Marzotto family is aiming to restructure its series of holdings in sectors as diverse as textiles, fashion and wine-making. One of the family’s holdings, Industrie Zignago Santa Margherita SpA, said it is offering to buy all outstanding shares in Marzotto SpA, the fashion group that owns Hugo Boss and Valentino. Zignago is offering $16.94 and one Zignago share for every three shares in Marzotto. If all Marzotto shareholders tender their shares, the offer will cost Zignago a total of $407.6 million.?Dollar figures have been converted from the euro at?current exchange. The Marzotto?board is slated to meet today to discuss the proposal.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@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)