ACTIVE PURCHASES: In a move to strengthen control over global brands, Adidas said Wednesday it has repurchased the distribution rights for the Reebok brand in Russia, Ukraine, Kazakhstan, Belarus, Uzbekistan, Armenia and Azerbaijan from ZAO RBK-Retail, Reebok's Russian distributor. Adidas Ltd. Moscow will become the exclusive distributor of Reebok products effective Jan. 1. ZAO RBK-Retail will act as the key account for the Adidas Group. Adidas plans to buy out Reebok distributors and joint ventures around the world as part of its integration strategy for the recently acquired group. The acquisitions are expected to amount to at least 200 million euros, or $256 million in revenue, by 2009. The Herzogenaurach, Germany-based group said the repurchase of distributors in Russia and China offer the greatest revenue growth opportunities.
WANG GOES SILVER: Vera Wang Group and Waterford Wedgwood USA announced a license agreement that will extend the Vera Wang brand into silver. The license will include all sterling silver, silver plate, flatware and gift items. The agreement expands on existing licenses that Wedgwood had for Vera Wang dinnerware, stemware, barware and gifts that date from 2002. Prior to this agreement, the licensing rights for Vera Wang silver and gifts were held by Syratech Corp., which was recently sold to Lifetime Brands. "Vera Wang's four-year partnership with Wedgwood has resulted in a strong and successful tabletop business here in the United States. "By adding silver and gifts to the Wedgwood license, we will create a seamless creative vision for Vera Wang tabletop and a stronger presence in our retail stores," said Laura Lee Miller, president, Vera Wang Licensing LLC, a division of Vera Wang Group, in a statement.
HIGH SCHOOL FASHION: New York's High School of Fashion Industries is prepping to celebrate it's 80th anniversary with a reception honoring Mark Mendelson, chief merchandising officer of Jones Apparel Group, who will receive the "Designing the Future" Distinguished Mentor Award for consistently donating his time to help the school. The reception will be followed by a student fashion show. The event, on May 17, will begin with a cocktail hour at 5:30 p.m. It will take place at the high school, at 225 West 24th Street in Manhattan. Tickets are $80 each and serve as a donation to the school.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)