L'OREAL EYES KANEBO: L'Oréal teamed up with Morgan Stanley in a bid to buy Kanebo, which is currently under restructuring by the Industrial Revitalization Corporation Japan, according to several media reports. Kanebo could not be reached for comment. A spokesman for L'Oréal in Paris had no comment Thursday. Kao Corp. had been considered as a likely winner to buy Kanebo and was said to be in a joint bid with Goldman Sachs. IRCJ will hold a second round of bidding on Sept. 27 to select bidders for Kanebo and Kanebo Cosmetics. A third round of bidding is expected by the end of November. One report noted that Kanebo will spin off its fashion division, which has a licensing business with Fila and Lanvin.
DONNA HEADS TO SOUTH KOREA: Donna Karan International Inc. has signed a licensing agreement with SK Networks Co. Ltd. to open retail locations under the Donna Karan and DKNY trademarks throughout South Korea. Under the three-year agreement, which is renewable for an additional three years through December 2011, SK Networks plans to open a DKNY flagship in Chungdamdong in the spring. It then will open five DKNY and one Donna Karan Collection shop-in-shops within department stores. Before the term of the agreement is over, SK Networks expects to have 53 boutiques in South Korea, six of which will be freestanding stores.
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