In Brief: True Religion Outerwear… Anvil Restructures… Kenneth Cole Move
Seeking to move beyond premium denim into lifestyle apparel, Los Angeles' True Religion signed a worldwide licensing agreement with Pash Industries LLC to produce and sell outerwear for men, women and children.
TRUE RELIGION OUTERWEAR: Seeking to move beyond premium denim into lifestyle apparel, Los Angeles' True Religion signed a worldwide licensing agreement with Pash Industries LLC to produce and sell outerwear for men, women and children. New York-based Pash, which owns brands such as Ramosport US, French Coat and Tryst New York, will design and market leather clothing and outerwear made of shearling, down, wool, cotton twill, washed cotton and cotton canvas. Pash plans to begin shipping the line in July. The deal follows True Religion's announcement in November of its first-ever licensing deals with Italy's GMI Corp. for footwear, as well as with Bourbon, Mo.-based Paramount Apparel International Inc. for headwear, scarves and gloves.
ANVIL RESTRUCTURES: Apparel maker Anvil Holdings said Wednesday that it has completed a financial restructuring that will eliminate most of its debt and provide significant growth opportunities. The restructuring of its capital structure has removed $200 million in debt and preferred stock in exchange for new equity and warrants. The New York-based company plans to finalize all transactions involved in the restructuring by Feb. 5.
KENNETH COLE MOVE: Kenneth Cole Productions is giving Joshua Schulman, president of the Kenneth Cole New York brand, additional responsibilities for the management of the full-priced retail division. Schulman was hired in October.
"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)