In Brief: Eyeing Australia…Ellis of Buxbaum Elevated…Citigate’s New Culp-ability
EYEING AUSTRALIA: The Australian Competition and Consumer Commission said it would not stand in the way of Luxottica Group’s proposed acquisition of Sydney-based OPSM Group Ltd., an eyewear retailer with roughly 480 doors, for about $393.5...
EYEING AUSTRALIA: The Australian Competition and Consumer Commission said it would not stand in the way of Luxottica Group’s proposed acquisition of Sydney-based OPSM Group Ltd., an eyewear retailer with roughly 480 doors, for about $393.5 million, including the assumption of debt. Milan-based Luxottica in April offered to buy the firm in a bid supported by OPSM’s board. “The proposed acquisition involves both a horizontal merger arising from the parties’ interests in sunglass retailing, and a vertical merger arising from their interests in the wholesale and retail supply of prescription frames and sunglasses,” said ACCC chairman Graeme Samuel in a statement. “The merged firm would still face sufficient competitive constraints in relation to the retail sale of sunglasses.”
ELLIS ELEVATED: David Ellis, chief operating officer of Buxbaum Group, has been promoted to the additional post of president of the retail turnaround and liquidation specialists based in Calabasas, Calif. As president, he succeeds Paul Buxbaum, who assumes the title of chairman and retains his duties as chief executive officer. Ellis joined Buxbaum in 1988 and rejoined the firm in 1994 after a three-year hiatus spent as part of an acquisitions and operations consulting team at H.J. Heinz Corp. His liquidation assignments have included projects for Kmart Corp. and Payless Shoe Source. Buxbaum has been a partner of the group and its predecessor companies since 1977, with the exception of a three-year tenure as operating partner of Clothing Clearance Centers, a Los Angeles-based off-price men’s wear chain. He sold his interest in CCC and returned to Buxbaum in 1983. He became sole owner and ceo in 1997, when the company took on its current name.
CITIGATE’S NEW CULP-ABILITY: Ron Culp, former senior vice president of public relations, communications and government affairs at Sears, Roebuck & Co., has joined the financial and corporate communications firm Citigate Sard Verbinnen, part of the Incepta Group, as managing director and head of its new Chicago office. Culp retired from Sears in January after ten years with the retail firm. Earlier, he was executive director of of corporate relations at Sara Lee Corp., and also worked at Eli Lilly & Co. and Pitney Bowes. Judy Brennan, a Citigate principal, and Kara Findlay, a senior associate, are relocating to the new Chicago office from Citigate’s headquarters in New York.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)