RIGHTS TO REEBOK: The Adidas Group has bought the distribution rights for the Reebok brand in the Czech Republic and Slovakia from RBK Sport CZ and RBK Sport SR, respectively. The move follows a buyout earlier this year from distributors in Russia and China and is part of a global corporate integration strategy that will provide the German athletic giant, which bought Reebok earlier this year, with annual revenue synergies of at least $250 million by 2009. Effective in 2007, Adidas CR s.r.o. will become the exclusive distributor of Reebok products in the Czech Republic, and Adidas Slovakia s.r.o. will become the exclusive distributor of Reebok products in Slovakia. Financial details of the transaction weren't disclosed.
POSSIBLE POLO EUROBOND: Polo Ralph Lauren said on Tuesday that the company would meet with European investors about possible euro-denominated bond financing. The company, which didn't say how much it plans to raise, said it intends to use the proceeds to refinance its maturing euro-denominated debt and for general corporate purposes. Any notes offered will be offered exclusively outside the U.S. to non-U.S. investors.
HOUSE PASSES LABELING ACT: The House passed a bill Tuesday that would establish a legal standard for labeling superfine wool and cashmere products and could deter companies from mislabeling suits and separates and undercutting legitimate businesses. The Wool Suit Fabric Labeling Fairness & International Standards Conforming Act seeks to amend an existing law that doesn't define the requirements for labeling certain wool and cashmere products. Unscrupulous companies have used the loophole in the existing law to mislead consumers, claiming their products contain superfine wool when they contain inferior fibers and fabrics, and selling the products at much cheaper prices than the genuine wool apparel products, according to trade associations representing fabric makers and suit companies. A companion bill was introduced in the Senate.
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