FACCHINI'S BACK?: Could Gianluigi Facchini be preparing to buy back Fin.part on the cheap? Although a Fin.part spokesman denied speculation that the chairman was readying a leveraged buyout, shares catapulted 8.5 percent Thursday to 53 cents, or...
FACCHINI'S BACK?: Could Gianluigi Facchini be preparing to buy back Fin.part on the cheap? Although aFin.part spokesman denied speculation that the chairman was readying a leveraged buyout, shares catapulted 8.5 percent Thursday to 53 cents, or 0.561 euro, in Milan. That pulled it back from its 52-week low of 49 cents, hit on Wednesday. Its 52-week high is $1.09, reached on Jan. 18. Dollar figures have been converted from the euro at current exchange. One stock trader said it could make sense for Facchini to take advantage of a low stock price to buy back the company cheaply and split it up. Fin.part's focus is already changing. As reported, it is looking to sell off its real estate and sportswear assets to concentrate on its Cerruti brand, which was acquired last year. "We are a bit penalized by price," said one spokesman. "Selling it all now would mean doing it at a lower price." Among its other brands, Fin.part makes Marina Yachting, Henry Cottons and Moncler.CLAIBORNE TO BUY MEXX CANADA: Following Liz Claiborne Inc.'s acquisition of Netherlands-based Mexx Group BV in May 2001, the company said Thursday that it plans to purchase 100 percent of the stock of Mexx Canada Inc., a privately held company based in Montreal. Mexx Canada, which had sales of $54.2 million, based on the current exchange rate with the Canadian dollar, distributes its Mexx brand in all Canadian provinces, generating about 70 percent of its sales through retail business and the remaining 30 percent through wholesale. The deal is expected to close in the third quarter.BIGGER RICHARDS WOMEN: It's not even two years old, but already the new Richards, at 359 Greenwich Avenue in Greenwich, Conn., is expanding its women's business by putting up in-store shops for Giorgio Armani Black Label and Yves Saint Laurent. Construction on the shops has begun and should be complete by Aug. 1, said chief executive Jack Mitchell.BARNEYS GRABS MALO: Malo, the 30-year-old Italian luxury cashmere house, is raising its profile and distribution and has begun with an exclusive at Barneys New York. Barneys' Madison Avenue flagship will open a Malo men's shop on July 1, and aside from the Malo stores on Madison and in SoHo, becomes the sole distributor of the brand in New York. Barneys in Beverly Hills and Chicago will also open Malo men's shops on July 1. On July 18, Barneys in Beverly Hills and Malo will host a cocktail party to celebrate Robert Evans and his new movie, "The Kid Stays in the Picture." In the U.S. outside the Big Apple, Malosells its men's and women's collections in such stores as Saks Fifth Avenue, Neiman Marcus and Louis, Boston and through its six freestanding shops.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)