In Brief: VF’S Early Close … Uniform Behavior … Ripe for the Picking
VF’S EARLY CLOSE: VF Corp. said Tuesday that, with the waiting period under federal antitrust law in connection to its merger with Nautica Enterprises having expired on Aug. 15, it now expects to close on its $586 million deal nearly two...
VF’S EARLY CLOSE: VF Corp. said Tuesday that, with the waiting period under federal antitrust law in connection to its merger with Nautica Enterprises having expired on Aug. 15, it now expects to close on its $586 million deal nearly two months earlier than planned. It expects a done deal shortly after a vote by Nautica shareholders on Aug. 27. The requisite waiting period under similar federal law in connection with VF’s purchase of David Chu and Co. Inc.’s rights to receive 50 percent of the net royalty income from licensing the Nautica trademark is set to expire at 11:59 p.m. Thursday, according to VF.
UNIFORM BEHAVIOR: Ben Sherman will be on board when the Maritime Hotel bows in Chelsea at the end of the month. The hotel staff will be decked out in Sherman’s nautical-inspired powder blue uniforms, and employees at the Maritime’s Italian and sushi restaurants will wear slightly updated similar attire. Also on Sherman’s plate are sporty, sophisticated uniforms for the 70 people who work at Butter, including the busboys. Waitresses are donning his low-waisted stretch pants and gauzy shirts, and hostesses will go with similar tops paired with skirts. Sherman, which replaces Ted Baker as the restaurant’s official outfitter, isn’t the only new party at Butter. Alexandra Guarnaschelli has taken over as executive chef.
RIPE FOR THE PICKING: The U.K. store selling spree is showing no signs of abating. The latest retailer to show up on investors’ radar screens is House of Fraser. Sources in London say Terry Green, the former chief executive of Debenhams, is mulling a possible takeover bid for House of Fraser plc department store group. Green’s company, Scarlett Retail, is understood to have approached Scottish retail entrepreneur Tom Hunter about buying his 6.9 percent holding in the department store. Scarlett Retail owns the U.K. department store group, Allders, and is backed by the property group, Minerva. Sources say Green plans to use Hunter’s stake as a platform to launch an offer for the store. Minerva could not be reached for comment, while a spokesman for House of Fraser declined to comment. Allders and House of Fraser tried to merge twice before, but were unable to agree on a price.
@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)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)