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.
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast