JUDGMENT DAY: Wella AG is expected to comment on whether it accepts Procter & Gamble’s increased public offer for its 78 percent of voting rights today. Last week, P&G raised its offer for Wella’s preferred shares by $3.85 to $71.50. In...
JUDGMENT DAY: Wella AG is expected to comment on whether it accepts Procter & Gamble’s increased public offer for its 78 percent of voting rights today. Last week, P&G raised its offer for Wella’s preferred shares by $3.85 to $71.50. In March, P&G signed an agreement to purchase 77.6 percent of the voting stock in Wella from its founding family majority shareholders at a cash price of $109.18 per share. At that time, P&G said it would make a tender offer of $67.65 for the preferred shares, a markup of only 0.25 percent. P&G upped its bid in a move that looked to garner support from Wella’s board.
A LEAGUE OF HER OWN: The stylings of celebrity hairdresser Sally Hershberger will soon be available in a new Manhattan salon under her own name. Located in the trendy Meatpacking district between the Alexander McQueen and Stella McCartney boutiques, the second-floor space is currently under construction and measures 1,800 square feet. A soft opening this summer will be held for select VIPs; an official launch is scheduled for fall. The salon will serve as a place where “Hershberger can develop new looks and work on her clientele,” according to publicist Brooke Wall. The New York location is Hershberger’s second outpost — the Sally Hershberger for John Frieda salon opened three years ago in L.A. Much like the L.A. salon, which features palm trees and is designed around a pool, the Manhattan space will be conducive to the trendy neighborhood’s rough-around-the-edges environment. Industrial minimalist is the architectural theme, with flat-screen TVs and concrete countertops accenting the raw space. In addition to sharing her time between the L.A. and N.Y. salons and serving as one of the industry’s most sought-after editorial hairstylists, Hershberger remains very active in the development of mass hair care products under the John Frieda brand. Hershberger was instrumental in developing the company’s Sheer Blonde and Beach Blonde hair care lines.
POLISHING UP: Ji Baek, owner of Manhattan’s three Rescue Nail salons, is launching a line of nail polishes, as well as a three-item treatment line. The color line features 28 shades, which Baek described as the most “classic and neutral nail colors for our clients.” Sheer White, Opaque Pink and Moulin Rouge are some of the basic shades offered, and then there’s Chinoisse, an orange/red shade Baek said was inspired by one of her favorite designers, Alexander McQueen. The treatment system includes a prep, base and top coats, which are designed to prolong nail polish life. In addition to selling the new items in her salons, the new wares are now available in Barneys New York and will retail for $18 per nail polish and $45 for the treatment system.EBAY MOTHER’S DAY: Jergens is auctioning off autographed photographs of celebrities pictured along with their mothers or daughters as part of a Mother’s Day charity promotion happening this week on eBay. Proceeds from the sale of prints of the likes of Joan and Melissa Rivers; Britney Spears and her mom, and Jamie-Lynn Sigler and her mom will be donated to the Starbright Foundation. The auction, held at eBay.com/Jergens is scheduled to end Sunday.
@fearofgod and @maxfieldla have teamed up on a pop-up installation. The store, located in the gallery space across from Maxfield’s Melrose Ave location, is the site of the brand’s House of God pop-up in which Fear of God founder @jerrylorenzo has created a church-inspired installation. A dozen vintage church pews sit in front of an LED screen playing 90s gospel singers in an effort to re-create an environment akin to a Southern Baptist Church, Lorenzo explained. Read more about the pop-up on WWD.com #wwdfashion (📷: Jennifer Johnson)
Known for his sleek, sophisticated American glamour, Norman Norell is the subject of an upcoming exhibition at @fitnyc. “Norell: Dean of American Fashion,” which runs from February 9 through April 14, will feature approximately 100 ensembles and accessories. His best work is exemplified by the designer’s glittering “mermaid” gowns frosted with thousands of hand-sewn sequins – like the one pictured. (📷: William Helburn) #wwdfashion
For pre-fall 2018, @balmain didn’t let go of the glitz. A crystal embroidered baseball jacket priced at around $40,000 hangs in the “couture” section of the brand’s first men’s pre-collection. Sporting the words “Balmain Army” across the back, the item took around two months to make. “When it was completed, it was like Christmas, it was like, ‘It’s done, it’s exactly what I wanted,’” said Balmain’s creative director @olivier_rousteing during a tour of the collection in a Paris showroom on Monday. #wwdfashion
Eighty degree temperatures and outdoor installations at the annual Art Basel Miami Beach called for bright, elevated beachwear. See more street style pictures on WWD.com. #theyarewearing #ABMB (📷: @lifeinreverie)
Following September’s emotional tribute to her brother Gianni, Donatella Versace wanted to bring the spring show’s deep sense of intimacy to her @versace_official pre-fall collection. Donatella found inspiration in Versace Palazzo in Milan and from Gianni’s opulent apartment. Archival patterns and new motifs were splashed on silk shirtdresses and fitted jersey frocks. See the rest of the photos on WWD.com. #wwdfashion
Demna Gvasalia continues to shake up the Paris fashion calendar — and experiment with new runway timetables for his @vetements_official brand. WWD has learned that Vetements plans to stage its next coed show for the fall 2018 season on January 19 during Men’s Fashion Week in the French capital. Details about the timing and venue have not been confirmed — stay tuned on WWD.com to catch the latest. #wwdnews (📷: @giovanni_giannoni_photo)
@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)