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.
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast