HANESBRANDS SHARE OFFER: Hanesbrands Inc. said Tuesday that it was informed of an unauthorized tender offer by TRC Capital Corp., which wants to buy Hanesbrands shares at a below-market price. TRC Capital's offer price is $21.50 per share, 3.9 percent below the closing price of Hanesbrands stock on Sept. 26, the day prior to the date of the offer. TRC Capital is looking to purchase up to 2 million shares, or about 2.1 percent of Hanesbrands outstanding shares. On Monday, Hanesbrands stock closed at $22.49.
VALENTINO HIRES: Valentino has added two executives to its U.S. division. Valerie Adler Leon has joined the company as director of sales for shoes, handbags and accessories. Previously, she was chief operating officer at contemporary multiline showroom Cynthia O'Connor & Co. She also had extensive experience in buying and planning positions at Saks Fifth Avenue and Bergdorf Goodman. At Valentino, she replaced Marco Marin, who joined Polo Ralph Lauren Corp. as a vice president of sales for Collection footwear. Also, Valentino promoted Alan Aschenbrenner to director of men's sales. He had been sales manager of Valentino Menswear since 2003, and before that, was a men's merchant at Barneys New York. Aschenbrenner took over some responsibilities previously held by Nancy Berger, who recently joined Men's Vogue. Adler Leon and Aschenbrenner report to Wendy Kahn, senior vice president of sales, marketing and retail.
BIG SAKS DIVIDEND: Saks Inc.'s board declared a special cash dividend of $4 a share, which will be payable on Nov. 30 to shareholders and will total about $550 million based on current outstanding shares. The company said this dividend is a way to distribute to shareholders a portion of Saks excess cash, which includes $285 million in proceeds from the sale of Parisian that was completed on Monday.
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)
20-year-old British singer @jorjasmith_ made her debut at Coachella last weekend. We caught up with her and talked about her love for Amy Winehouse, working with Kendrick Lamar on the “Black Panther” album and her fashion philosophy. Read the interview on WWD.com #wwdeye (📷: @katiedaisyla)
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)