BURBERRY'S BIG DAY: Great Universal Stores plc, which currently has a 65 percent stake in Burberry, has released the details of the planned de-merger of the luxury fashion brand. GUS said in a statement Thursday it plans to distribute its shares in Burberry to GUS shareholders on Dec. 13, subject to shareholder approval. "Distributing our stake to existing GUS shareholders will enable them to participate directly in the exciting growth opportunities we see at Burberry," said Victor Blank, chairman of GUS. GUS shareholders will receive 305 Burberry shares, and approximately 859 new GUS shares, for every 1,000 GUS shares they already hold. The company said it planned to send out detailed proposals to shareholders regarding the demerger on Saturday. It will then hold an EGM on Dec. 12 to seek approval from GUS shareholders. Burberry plans to seek approval from its own, non-GUS shareholders on the same day. Burberry was partially floated on the London Stock Exchange in 2002, and GUS has said this de-merger is a next logical step for the company.
NEW BOUTIQUE: Valentino USA plans to open a boutique in the spring at 45 Newbury Street in Boston's Back Bay. The 3,000-square-foot store will offer shoes and accessories in addition to men and women's apparel. Rent was said to be in the $200-per-square-foot range for the space, which is in the Peabody Building. Newmark Retail negotiated the lease for Valentino with the owner of the property, The Donald Saunders Family LLC.
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