In Brief: Mucho Custo … On the Road to Morocco … Russell Buys AAI …
MUCHO CUSTO: Custo Barcelona, the Spanish company famed for its colorful graphic T-shirts, has inked deals to open five U.S. stores by year’s end, said Serene Cicora, a Los Angeles-based spokeswoman. The stores are expected to bring in...
MUCHO CUSTO: Custo Barcelona, the Spanish company famed for its colorful graphic T-shirts, has inked deals to open five U.S. stores by year’s end, said Serene Cicora, a Los Angeles-based spokeswoman. The stores are expected to bring in first-year sales of $2 million to $5 million each. Designer Custo Dalmau has signed a lease for a 2,000-square-foot store at the Beverly Center in West Hollywood, Calif., scheduled to open in September. Another four stores of the same size will bow in October at the Forum Shops at Caesars Palace in Las Vegas, the North Park Center in Dallas, Bal Harbour Shops in Bal Harbour, Fla., and Florida Town Center in Boca Raton, Fla. Dalmau is also negotiating a space on Third Street Promenade in Santa Monica, Calif. Custo operates three stores in the U.S. — in New York, Chicago and Santa Fe, N.M. — and 22 stores worldwide.
ON THE ROAD TO MOROCCO: The U.S. and Morocco signed a bilateral free-trade agreement Tuesday, setting the stage for Congressional consideration, which is uncertain in this election year. The pact contains a yarn-forward rule of origin that requires apparel to contain either U.S. or Moroccan yarn and fabric to receive duty-free treatment, as well as allowances for some fabric and yarn outside of the U.S. and Morocco. Although it’s a small supplier of apparel and textiles to the U.S., Morocco has a well-developed textile industry, which exports primarily to the European Union.
RUSSELL BUYS AAI: Russell Corp. said it will purchase athletic equipment maker American Athletic Inc. for $13 million, in a deal expected to close later this week. AAI, based in Jefferson, Iowa, operates three plants and employs about 150 people. Plans call for AAI to remain based in Jefferson and for all the employees to remain at the firm, said a Russell spokeswoman Tuesday. Founded in 1954, AAI is projected to have wholesale volume this year of between $20 million and $22 million. It makes a wide range of equipment and apparatus for sports, including basketball, volleyball and gymnastics, and also supplies equipment to stadiums, universities and professional teams.
CASH-MERE: Dawson-Forte Cashmere Co. received a $25 million asset-based loan from Bank of America Business Capital, the lender said in a statement last week. The cash infusion will be used to refinance existing debt and stand-alone financing currently held by the company’s parent, Scotland-based Dawson International. Additionally, BoA will provide letters of credit and cash management products and services to Dawson-Forte. The company’s president, Andrew Bartmess, said in a statement the loan gives Dawson-Forte the liquidity and financial flexibility to grow its business in an improving U.S. economy. Based in South Natick, Mass., Dawson-Forte’s customers include Nordstrom, Talbots and Saks.
@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)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“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