In Brief: Maxwell Shoe Said … Polo’s Baby Buyback … Everlast Adds …
MAXWELL SHOE SAID: Maxwell Shoe Co. said on Monday regarding the Jones Apparel Group Inc. tender offer, “With less than 2 percent of Maxwell Shoe Co.’s outstanding shares tendered into Jones’ offer, our stockholders have sent...
MAXWELL SHOE SAID: Maxwell Shoe Co. said on Monday regarding the Jones Apparel Group Inc. tender offer, “With less than 2 percent of Maxwell Shoe Co.’s outstanding shares tendered into Jones’ offer, our stockholders have sent a clear message that they, too, believe Jones’ $20 per share offer is significantly inadequate.” As reported, Jones is attempting to acquire Maxwell, which manufactures the footwear for the Anne Klein brand. Jones acquired Anne Klein in a Kasper A.S.L. bankruptcy court auction last summer. Jones on Monday extended its $300 million tender offer by a month until May 17 at midnight. The deadline had been Monday.
POLO’S BABY BUYBACK: Industry sources said Polo Ralph Lauren Corp. is in talks to buy back its children’s wear license from S. Schwab Co. Executives at Polo declined comment. Polo has said in previous earnings conference calls that a key focus for the firm is on improving and controlling the distribution of Polo’s product lines. Its most recent foray in taking certain product lines in-house was apparel brand Lauren by Ralph Lauren. As reported, the Lauren license was held by Jones Apparel Group.
EVERLAST ADDS: Everlast Worldwide Inc. has added four independent directors to its board: Mark Ackereizen, Teddy Atlas, James McGuire Jr. and Jeffrey Schwartz. Ackereizen, a CPA, is a partner in an accounting taxation firm, while Atlas has been associated with boxing for 30 years as a fighter, trainer and television commentator. McGuire and Schwartz have been practicing attorneys for more than 35 years, Everlast said. The active apparel and sporting goods company now has 11 directors, six of whom are independent.
JCH HONOREES: The Edith and Carl Marks Jewish Community House of Bensonhurst, a social services agency and affiliate agency of USA-Federation of New York, will honor Mel Goldfeder, senior vice president of marketing for Swank, and Hal Weiss, founder and president of Halen Apparel Co. Ltd. Both will receive the Gold Humanitarian Award, named in honor of their boyhood basketball coach, Milton Gold. The 77th annual dinner, which will take place June 17 at 6 p.m. at the Grand Hyatt Hotel, is being chaired by Ben Cammarata, chairman of the TJX Cos.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)