STRATEGIC FIT: New York & Co., the 490-unit moderate chain traded on the New York Stock Exchange, is acquiring Jasmine Co. Inc., a privately owned 14-unit women's chain in Massachusetts, Connecticut and Rhode Island selling upscale and contemporary apparel, footwear and accessories under the JasmineSola and Luisa Luisa labels. Luciano Manganella, the founder and president, and Stacey Manganella, executive vice president of merchandising, will stay on, according to New York & Co.'s announcement Tuesday.
VERSACE IN CHINA: Versace is looking east. The company has reopened four refurbished shops in China. Three are in Hong Kong shopping centers and the fourth is at Shanghai's Plaza 66. All have been converted to Versace's new store design featuring white leather furnishings and black lacquered surfaces. Stores in Milan and London already have been converted to the new concept. Versace plans to open eight new stores in China this year. Five are earmarked for the younger Versace Jeans Couture collection. These units will be run through franchising deals with local partners.
FEDERATED'S NEW FINANCING: Federated Department Stores Inc. has inked a new five-year credit facility worth $2 billion with J.P. Morgan Chase Bank, Bank of America and other banks, according to a regulatory filing with the Securities and Exchange Commission. Federated has the option of increasing the line to $2.5 billion. One of the borrowing conditions of the new facility is the requirement that the proposed $17 billion equity-and-debt acquisition by Federated of May Department Stores gets completed.
COTTON CLAMOR: The U.S. challenged a request by Brazil on Friday seeking authorization from the World Trade Organization to retaliate with $3 billion in punitive sanctions over the failure by the Bush administration to comply with a ruling that found that U.S. cotton subsidies breached global rules. In a statement, the U.S. said it "objected to the appropriateness of the countermeasures ... proposed by Brazil." But the heat remains on the U.S., and failure to fully comply could see Brazil seeking a review panel to examine whether the U.S. met its obligations. However, Brazil's WTO ambassador, Luiz Felipe de Seixas Corrêa, said recent action by the Bush administration to have Congress end the illegal subsidy program was "a positive step and we hope the U.S. Congress will follow up with concrete and timely actions."
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over the top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty