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.
@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)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia