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.
@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