A spokeswoman for Luxottica Group SpA declined to comment on European press reports that Luxottica was the unnamed firm that made an unsolicited, nonbinding $320.9 million takeover offer for Cole National Corp., the...
A spokeswoman for Luxottica Group SpA declined to comment on European press reports that Luxottica was the unnamed firm that made an unsolicited, nonbinding $320.9 million takeover offer for Cole National Corp., the operator of Pearle Visionstores. Cole declined to name the bidder, but said that it is negotiating with the party and others on various alternatives. The company also owns a managed-care operation for eye care and the Things Remembered gift business. It said that its board has formed a special committee to consider alternatives for the firm, including a possible sale or restructuring.
Saks Fifth Avenue hired David Gruning as its director of publicity, reporting to Lori Rhodes. Gruning was vice president of public relations at the entertainment marketing company, MCP. Prior to that, he worked in publicity for Bragman Nyman Cafarelli, Calvin Klein and Giorgio Armani. Gruning succeeds Michael Macko, who was named director of fashion merchandising for men’s at Saks last month.
OUT OF TIME:
As expected, Clothestime Stores Inc.’s bankruptcy status was converted to a Chapter 7 liquidation from a Chapter 11 reorganization in a court hearing here late Wednesday, effectively liquidating the once publicly held, $350 million junior retail powerhouse. “The bottom line is [that] through Chapter 7 proceedings a trustee will be assigned to collect and distribute whatever assets Clothestime has left. And that will be determined at a later date,”said Judge Robert W. Alberts.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18