BON-TON DEBT OFFERING: The Bon-Ton Stores Inc. on Friday said it plans a $525 million debt offering to fund its $1.1 billion purchase of Saks Inc.'s Northern Department Store Group. The offering, through a private placement made by the retailer's subsidiary, The Bon-Ton Department Stores Inc., is expected to be completed next month. The notes will be due in 2014. The deal for the Northern Department Store Group, expected to close this spring, includes the nameplates Carson Pirie Scott, Boston Store, Younkers, Herberger's and Bergner's.
GROWING BEAN: L.L. Bean Inc. said Tuesday it will open three stores — in Burlington, Mass., in September; Center Valley near Allentown, Pa., in October, and South Windsor, Conn., in summer 2007. Locations in greater Boston are being sought for 2007 and 2008 openings. The stores will be similar to Bean's five existing units, which are in Maryland and New Jersey and each have about 30,000 square feet. They will sell apparel and outdoor gear. L.L. Bean also has 14 outlets. "In addition to expanding our retail presence in the Northeast, we are also moving forward with significant new investments at home here in Maine," said Ed Howell, chief retail officer, referring to the Freeport campus, where adjacent property has been purchased for retail expansion and additional landscaping and parking. "We envision a major transformation for downtown Freeport," said president and chief executive officer Chris McCormick. "The changes represent tens of millions of dollars of new commercial investment in our hometown." Fulfillment operations are also being expanded.
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
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion