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.
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)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion