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In Brief: Lepore In London … Sears Raises

A brief look at some of the day's stories.

LEPORE IN LONDON: Nanette Lepore is set to open her first European store, in London’s Westbourne Grove. The store, which spans 2,200 square feet over three levels, is housed in a former Italian restaurant and is set to open on June 1. Her retail neighbors will include Nicole Farhi, Agent Provocateur, Solange Azagury-Partridge and Emma Hope. “We were getting so many calls and e-mails from clients in Europe asking where they could find the line, and we thought ‘Why not?’ Plus, our accounts in the U.K. are doing really well,” said Robert Savage, president of the Manhattan-based company and Lepore’s husband. The new store, which will be filled with mirrors and Fifties Italian chandeliers, will showcase Lepore’s full collection as well as her new line of footwear, which bows for fall. Lepore and Savage, who were in London for meetings last week, said foreign markets still make up a tiny percentage of the company’s sales. “But there’s a lot of potential there,” said Lepore, who already has a showroom and distribution center based in London. The designer currently has stores in New York, Los Angeles, Las Vegas, Boston and Tokyo.

SEARS RAISES: Sears Holdings Corp., stepping up its campaign for all outstanding common shares of Sears Canada, on Monday raised its offer to 18 Canadian dollars per share, from 16.86 Canadian dollars, and said two big minority shareholders agreed to tender shares. Due to the rise in price, Sears extended its offer until 11:59 p.m., April 18. Alan Lacy, vice chairman of Sears Holdings, said, “We believe the decision by the two largest independent shareholders, Natcan Investment Management Inc. and Vornado Realty Trust, to tender their shares, representing over one third of the minority shares, is clear evidence that our revised 18 [Canadian dollars] offer represents a full and fair price.”

This story first appeared in the April 5, 2006 issue of WWD.  Subscribe Today.