- 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.
“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)