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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)