- 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.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)