- BARNEYS UPDATE: Due diligence is said to be under way for a possible official bid from Japan's Fast Retailing Co. Ltd. for Barneys New York. Fast Retailing has until Aug. 11 to negotiate a deal with Jones Apparel Group, which owns Barneys. Meanwhile, the $896 million deal by Dubai-based Istithmar for Barneys remains on the table. The agreement with Istithmar provided for two breakup fees, and any new bidder coming in after July 22 would have to bid for all of Jones, as well as pay the higher fee.
- BACK AT THE TABLE: A clerical union that has threatened to walk out at the ports of Los Angeles and Long Beach agreed to hold off until shipping companies consider its latest offer. Negotiators for the Office Clerical Unit of Local 63, a division of the International Longshore and Warehouse Union, and 14 shipping employers are to resume talks today. Among the issues that have separated the two sides are wages and health benefits. A walkout by the clerical union would trigger a larger work stoppage by about 15,000 ILWU members, effectively shutting down the twin ports, which handle around 40 percent of the nation's incoming cargo.
- LJ WARNED: Shares of LJ International fell 12.1 percent to $8.09 Friday after Nasdaq warned the accessories distributor and retailer that it could face delistment because it missed a July 17 filing deadline for a Securities and Exchange Commission annual report. The delistment risk follows the Hong Kong-based company's June 28 filing for a 15-day extension from the annual report's original due date, which LJ requested in order to give its newly appointed accounting firm, KPMG, more time to complete its 2006 audit. "The delay in the filing is principally the result of the need for additional time by the company's new independent registered accounting firm to complete its audit of the company's 2006 financial statements," the company said in a statement. LJ distributes precious and semiprecious jewelry throughout North America, Western Europe, Japan and China and owns 62 Enzo stores across China.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge