ROYAL FLUSH: Japan's Fast Retailing Co. is negotiating to buy France's Princesse Tam Tam. A spokesman for the Paris-based lingerie firm, which operates 86 Princesse Tam Tam boutiques, said the talks had yet to reach a conclusion. Founded in 1985 by two sisters, Louima and Shama Hiridjee, the brand last year had sales of 51.1 million euros, or $59.8 million. Fast Retailing in June purchased the French contemporary chain Comptoir des Cotonniers.
UNITED REVERSES LOSS: United Retail Group Inc. swung to a third-quarter profit from a loss a year ago thanks to strong same-store sales, solid merchandise margins and closely watched expenses. Earnings in the three months ended Oct. 29 were $1.9 million, or 14 cents, which compared with a loss of $6.3 million, or 49 cents, a year ago. Net revenues rose 6 percent to $98.1 million, while same-store sales rose 8 percent. Year to date, the Rochelle Park, N.J.-based specialty retailer, which runs the Avenue chain of plus-size women's apparel, earned $6.9 million, or 53 cents a diluted share, versus a loss of $11.2 million, or 87 cents, in the year-earlier period. Revenues totaled $319.3 million in the period, an increase of almost 10 percent, as same-store sales were up 11 percent.
GOLDEN GATE'S PURCHASE: San Francisco-based private equity firm Golden Gate Capital is set to close this week on two catalogue acquisitions, Draper's & Damon's and Appleseed's, according to financial sources. Golden Gate is a $700 million private equity firm specializing in buyouts, recapitalizations and leveraged buildups and growth equity investments with transaction sizes ranging from $25 million to $500 million. Golden Gate already owns in its portfolio the catalogue operations of Spiegel and Newport News. Principals at Golden Gate could not be reached for comment.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)