DELIA'S GOES FOR A SPIN: In a Securities and Exchange Commission filing Wednesday, Alloy Inc. said it filed a registration statement to spin off Delia's, the company's direct marketing and retail subsidiary. The company said it expects to launch a $20 million subscription rights offering of shares of Delia's. "In the spin-off, each Alloy Inc. shareholder will receive one share of Delia's Inc. common stock for every two shares of Alloy Inc. common stock held on a to-be-determined record date," the company said in a statement. "The exercise price in the subscription rights offering has not been established, but will be based on a $175 million pre-money valuation for [Delia's]."
TIME IS OF THE ESSENCE: Hublot Watches has named Scott Rosen as president of Hublot North and South America. He succeeds Fabrizio Cocchiano, who had been in the post since January. Most recently, Rosen was president of Vacheron Constantin North America, where he worked since 1998 in various offices. Earlier, he held posts at the North American Watch Corp. (now the Movado Group), Ebel, Blancpain and Audemars Piguet. "When you have the chance to get someone like Scott Rosen with a deep knowledge of the luxury watch industry and a background with high-end products, you make sure you close the deal immediately," said Jean-Claude Biver, chief executive officer of Hublot. "His appointment is a clear message of where Hublot wants to be in the U.S." Rosen's successor at Vacheron Constantin is Julien Tornare, who was most recently vice president for business development and has been with the company since 1998.
QUIKSILVER ON THE SLOPES: Quiksilver Inc. said it will combine the U.S. operations of its Rossignol and Dynastar divisions and establish a new facility for the business in Park City, Utah, which will also house the Roxy ski business that is to debut in 2006. In addition, certain functions for Quiksilver's snowboard brands will be based at the new center. The company also said it plans a distribution facility in the Salt Lake City area. Many of Rossignol's administrative functions will be consolidated in Quiksilver's headquarters in Huntington Beach, Calif.
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
A grooming moment between @tanfrance and @antoni last night at the The LGBT Community Center Trailblazer Awards honoring Anna Wintour, Ricky Martin and more. See more photos at WWD.com #wwdeye (📷: @lexieblacklock)
“It was a very surreal feeling. It wasn’t like we were in the studio together coming up with it — it’s more like he discovered it and loved it. I didn’t let myself get my hopes up, but then it happened it was very exciting,” said singer-songwriter @nombe on discovering that @pharrell would be using his song, “Cant Catch Me” on his HBO documentary series “Outpost.” The German-born singer — named Noah MacBeth — talked to WWD about feminism, using art as a platform for political expression and personal style. Read more on WWD.com #wwdeye (📷: @jilliansollazzo)
This season, denim is going west – in influence. Brands like @fathersdaughterla (pictured here), @tommyhilfiger Jeans, @levis and more are opting for raw, top-stitching styles. (Styled by @thealexbadia; 📷: @ryanplett)