In Brief: Liz at Home … VF Legwear on Tap … Cash for the Catos …
LIZ AT HOME:
Liz Claiborne Inc. is making itself more comfortable in the home market. The firm reported Wednesday it had reached agreements in principle with Lexington Home Brands and Richloom Fabrics Group, which will expand the...
Liz Claiborne Inc. is making itself more comfortable in the home market. The firm reported Wednesday it had reached agreements in principle with Lexington Home Brands and Richloom Fabrics Group, which will expand the firm’s home offerings. Lexington will design, market and launch in April a Liz Claiborne furniture line comprised of roughly 150 pieces, including bedroom, dining room, occasional and accent furniture, as well as upholstery that will feature fabrics from Richloom. Under its agreement, Richloom will produce a nationally distributed line of decorative fabrics set to launch to the trade in January.
VF LEGWEAR ON TAP:
VF Corp.’s intimates division said Wednesday it has signed a licensing agreement with Candor Hosiery Mills to manufacture legwear under the Vanity Fair and Lily of France brands. The collections, which include socks, tights and hosiery, will bow at next month’s legwear market in New York.
CASH FOR THE CATOS:
Cato Corp. has agreed to buy two founding brothers’ entire holdings of Class B common stock comprising 5.1 million shares, or 20.2 percent of the firm’s total outstanding stock. The stock will be purchased for $18.50 a share for a total price of $95 million from limited partnerships and trusts affiliated with Wayland Cato Jr. and Edgar Cato, who will retire from the board on which they have served since 1946. The Cato brothers’ holdings represent 66.2 percent of the Charlotte, N.C.-based retailer’s total voting interest. Cato said it will fund the transaction with a combination of currently available cash and a new bank financing facility.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye