MATING GAME: A pair of Internet-based marketing and media survivors announced acquisition deals Tuesday. Gen Y-focused Alloy Inc. has bought most assets of Youthstream Media Networks for $7 million in cash, and Nielsen/NetRatings has agreed to...
MATING GAME: A pair of Internet-based marketing and media survivors announced acquisition deals Tuesday. Gen Y-focused Alloy Inc. has bought most assets of Youthstream Media Networks for $7 million in cash, and Nielsen/NetRatings has agreed to purchase NetValue SA, a measurement service and researcher based in Neuilly sur Seine, France, for $14.2 million in cash and $3.5 million in N/NR stock. Alloy chairman and chief executive Matt Diamond estimated Youthstream in 2003 will add between $6 million and $7 million to Alloy’s top line and $1 million in incremental EBITDA. The $17.7 million forked over by N/NR will be used to buy 4.6 million shares of NetValue common, giving it a 52 percent stake in NetValue. N/NR also aims to make a tender offer for the balance of NetValue shares.
STEWART GETS SERIOUS: A congressional committee Tuesday wrote Martha Stewart to say its investigation into her sale of ImClone stock had turned "serious" and was no longer a "peripheral issue to the ImClone investigation," after further discrepancies emerged between her account of the sale and that of her broker. "We want to assure ourselves that you have not attempted to mislead this committee with the intent to obstruct an investigation," committee chairman Billy Tauzin (R., La.) and oversight subcommittee chairman James Greenwood, (R., Pa.), wrote Stewart.
SPARE A DIME?: Wal-Mart Stores Inc. received a $125 million bank loan from Berkshire Hathaway Inc., wire services reported Tuesday. The loan is part of a $2.85 billion, 364-day revolving line of credit arranged for Wal-Mart in late July by J.P. Morgan Chase & Co. along with 42 other lenders.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty