BETTING ON BURBERRY: With Burberry’s principals in the home stretch of their three-week road show, the company’s share price will be fixed on Thursday night with trading set to begin on London’s stock exchange Friday morning. London...
BETTING ON BURBERRY: With Burberry’s principals in the home stretch of their three-week road show, the company’s share price will be fixed on Thursday night with trading set to begin on London’s stock exchange Friday morning. London financial experts expect the price to fall near the bottom end of the $3.45 to $4.35 range, valuing Burberry closer to $1.73 billion than to $2.2 billion. But in the IPO game, it’s not over ‘til it’s over, and no one can say what the price will be until all of the orders are in on Thursday. Burberry chief Rose Marie Bravo will continue making her "Buy Burberry" case this week with stops scheduled in New York, Boston, and Amsterdam as well as in the U.K.
OVER THE HILL?: Toronto-based The Catherine Hill Shop Ltd. filed for bankruptcy Monday after 30 years in business. Doing business as Chez Catherine, the high-end designer boutique first opened in 1972, introducing Giorgio Armani, Valentino and Versace to the Toronto market. The Hazelton Lanes store was best known for the labels it carried exclusively, such as Christian Dior, John Galliano and Emanuel Ungaro. Chez Catherine decided to file for bankruptcy after numerous landlord changes, disruptive nearby construction and the recent expiration of its lease during the poor current retail climate. Perry Krieger & Associates has been appointed receiver manager.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)