NEW YORK — Phillips-Van Heusen is moving forward in its bid to win the Calvin Klein brands, according to sources who said over the weekend that talks have resumed between the two companies.
Market reports indicated that PVH was edged out by VF Corp. in the first round of bids for the designer business as well as Warnaco Group’s Calvin Klein jeans and underwear brands last week, but after VF’s deal reportedly fell apart, PVH was said to be ready to try again. Several sources in New York and Paris have said that PVH is working with the investment firm Apax Partners to finance an acquisition of Calvin Klein Inc. or the Warnaco brands.
However, a Warnaco spokesman said last week that the company, still in bankruptcy proceedings, is sticking with its previously reported plan of reorganization that is supported by holders of its bank debt. If the company does complete that process, expected sometime in mid-January, Warnaco could possibly then entertain more lucrative bids for those brands or the entire company.
While Calvin Klein Inc. was put up for sale three years ago with an asking price of $1 billion, current suitors are said to be offering in the range of $650 million to $800 million, considering the impact on the sales and positioning of the jeans and underwear product of Warnaco’s bankruptcy proceedings, as well as decreased sales of Calvin Klein fragrances, licensed to Unilever Cosmetics International (UCI). As reported, those brands are also said to be up for sale.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)