In Brief: This Round, Taubman … New Position at Sears … Raiter to Moschino … Parlux Acquisition Redux …
THIS ROUND, TAUBMAN: A Detroit federal district court on Tuesday granted Taubman Centers Inc.’s request to stay a preliminary injunction that had been granted in Simon Property Group’s favor in Simon’s six-month attempt to take over...
THIS ROUND, TAUBMAN: A Detroit federal district court on Tuesday granted Taubman Centers Inc.’s request to stay a preliminary injunction that had been granted in Simon Property Group’s favor in Simon’s six-month attempt to take over is archrival. The stay maintains the status quo until a federal appeals court rules on a lower court decision which would have blocked the Taubman family from using its controlling 33.6 percent stake to defeat Simon’s $1.68 billion hostile takeover bid. In return for the stay, Taubman agreed not to take any steps that would “impede” Simon’s tender offer, including the repurchase of shares and the adoption of an antitakeover mechanism such as a poison pill.
NEW POSITION AT SEARS: Sears, Roebuck & Co. has appointed Cynthia Rodgers Maignan director of multicultural merchandising. Maignan will be responsible for heading up all merchandising efforts in relation to burgeoning minority markets. Maignan will report to Sara LaPorta, senior vice president and chief strategy officer at Sears. Most recently, Maignan served as director of strategic marketing for Summit Marketing in Chicago. Previously, she was vice president of market analysis and new stores for Claire’s Stores Inc.
RAITER TO MOSCHINO: Amy Raiter has joined Moschino as director of public relations, overseeing women’s and men’s ready-to-wear and accessories. She succeeds Amy Marth, who left the company. Most recently, Raiter worked in the New York office of Versace as in-house public relations director. Before that,she was director of special events and projects at Christian Dior. At Moschino, she reports to Michelle Stein-Borgna, senior vice president of sales and marketing for AEFFE.
PARLUX ACQUISITION REDUX: Parlux Fragrances Inc. received a takeover offer from Quality King Distributors Inc. in conjunction with IIia Lekach, Parlux’s chairman and chief executive, who holds about 31 percent of the firm’s common stock. Under terms of the proposed transaction, the two parties, or entities related to them, would buy the outstanding shares of the firm through a tender offer of $4 cash a share, a 60 percent premium over Monday’s closing price of $2.50. On Tuesday, shares of the firm shot up 48 percent, or $1.20, to $3.70 in Nasdaq trading. The offer is conditioned upon, among other things, the tender of a majority of Parlux shares not held by Lekach or Quality King and the other executives and directors of the firm.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews