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: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)