ADVISING FIN.PART: With less than three weeks to go before it must pay back bonds worth 200 million euros, or $245.9 million at current exchange rates, Fin.part is enlisting new help. The fashion group, which owns Cerruti and Frette, among...
ADVISING FIN.PART: With less than three weeks to go before it must pay back bonds worth 200 million euros, or $245.9 million at current exchange rates, Fin.part is enlisting new help. The fashion group, which owns Cerruti and Frette, among other brands, said it has tapped ABN AMRO as its new financial adviser, replacing Franco Tatò & Partners. Consultants at the international bank, however, have a limited time to find solutions for Fin.part’s mounting financial difficulties. As of March 31, Fin.part’s net debt stood at 350.9 million euros, or $431.4 million. More pressing, however, is its obligation to pay back those bonds on July 26. There’s still no word on how the company plans to meet that obligation. Last month, in a stopgap move, Fin.part inked a licensing deal with Tombolini for the production and distribution of the Cerruti men’s and women’s collection. The two-season license starts with fall 2004 and ends with spring-summer 2005.
LILLY PROMOTES: Kimilyn Whitaker has been named vice president of retail and merchandising at Lilly Pulitzer, a new post. She has been with the company three years, most recently as director of merchandising. In her new role, she will be responsible for the development of the brand’s retail presence, as well asmerchandising. In other news, Brigid Foster, who has been director of process improvements and finance, has been promoted to vice president of process improvements and finance, a new post.Foster is responsible for implementing process improvements, supervising and integrating financial reporting, budgeting, variance analysis and the human resources functions at the King of Prussia, Pa.-based firm. Both executives, who are based in King of Prussia, report to Scott Beaumont, chief executive officer.
@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 (📷: Dominique Maître)
@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)