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.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)