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.
AU REVOIR VANDEVELDE?: Luc Vandevelde, the chairman and chief executive of Marks and Spencer Group PLC responsible for turning around the once-ailing group, is expected to step down as chief executive on Wednesday at the company’s annual shareholders’ meeting. Industry sources said Vandevelde will continue as chairman and work part-time for the company. Roger Holmes, who is currently managing director of M&S’ U.K. retail operations and also instrumental in the turnaround, will replace him as chief executive, the sources said. Reports have been making the rounds since the beginning of this year that Holmes would replace Vandevelde. A company spokeswoman declined to comment.
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