BABES IN BUFFETTLAND: Warren Buffett's Berkshire Hathaway Inc. Tuesday agreed to buy children's clothing maker Garan Inc. in a cash deal valued at $270.6 million. Omaha-based Berkshire said it will pay Garan shareholders $60 a share, a 6.8 percent...
BABES IN BUFFETTLAND: Warren Buffett's Berkshire Hathaway Inc. Tuesday agreed to buy children's clothing maker Garan Inc. in a cash deal valued at $270.6 million. Omaha-based Berkshire said it will pay Garan shareholders $60 a share, a 6.8 percent premium. Garan's management team will remain in place, Berkshire said. Before the agreement was announced, Garan shares closed lower by 35 cents, or 0.6 percent, at $56.20 in trading on the American Stock Exchange. In the fiscal year ended Sept. 30, sales rose 8.9 percent to $257.2 million while net income rose 32.9 percent to $22.6 million, or $4.60 a diluted share. Buffett's company also owns Fruit of the Loom and has an interest in numerous apparel and retail firms.DOW JONES MOVES: Peter Kann, chairman and chief executive officer of Dow Jones & Co., will give up his role as publisher of The Wall Street Journal, as well as his chief operating officer title. Replacing him as operating chief will be Richard Zannino, an executive vice president of the company and formerly the firm's chief financial officer. Karen Elliott House, formerly president of the company's international group and a Pulitizer Prize winning reporter, will be the Journal's new publisher.WEB TITLE FOLDS:Yahoo! Internet Life, which was launched in 1995 and covered the content, resources and lifestyle of the Web, will suspend publication with the August 2002 issue. Published by Ziff-Davis Media, the title suffered from both the decline of the technology market and the burst of the Internet bubble. According to Media Industry Newsletter, ad pages plunged 51.9 percent through July, and the company believed revenue growth showed no signs of coming back. The magazine, which had a rate base of 1.1 million, experienced a 51.9 percent decline in newsstand sales in the second half of 2001, while paid circulation grew 9.9 percent, according to Audit Bureau of Circulation. Some 35 staffers, including editor in chief Barry Colson and publisher Diane Silberstein, have lost their jobs.In other publishing news, Ann Omvig Maine, editor in chief of Meredith Corp.'s Renovation Style, has been named interim editor in chief of sister publication, Traditional Home, while Meredith conducts a search for a permanent replacement for Mark Mayfield, who, as reported, resigned to become editor in chief of House Beautiful, succeeding Marian McEvoy.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)