ALLOU IN DISTRESS: Allou Healthcare Inc. has consented to an involuntary bankruptcy court petition filed against the firm by three lenders in a Brooklyn federal bankruptcy court, and said it has hired Richard A. Sebastiao as chief restructuring...
ALLOU IN DISTRESS: Allou Healthcare Inc. has consented to an involuntary bankruptcy court petition filed against the firm by three lenders in a Brooklyn federal bankruptcy court, and said it has hired Richard A. Sebastiao as chief restructuring officer. The lenders — Congress Financial, Citibank and LaSalle Business Credit — forced Allou into bankruptcy court after discovering that the distribution firm’s assets and inventory were insufficient to satisfy their claims, which total at least $67.7 million. Allou saw more than $80 million in inventory destroyed in a warehouse fire. The firm is not implicated in the fire and it is suing some of its insurers, seeking more than $100 million.
CALLING ALL ENTRIES: The Independent Cosmetic Manufacturers and Distributors Association is soliciting entries for its eighth annual Cosmetic Entrepreneur Awards for Leadership. Awards will be presented to manufacturers, distributors and suppliers of componentry and/or services to the cosmetics industry during ICMAD’s 30th annual meeting and dinner on June 5 in New York. The entry deadline is April 21 and forms can be obtained at icmad.org or by calling (800) 334-2623.
DOLLARS OFF: Despite what retailers call a brisk start, buyers said L'Oréal plans to cut pricing on its Body Expertise body care collection by $1 to $2. The soothing green products, merchandised on a floor display in most doors, have already been heavily promoted with
$1 coupons on the displays and money off coupons in major women’s magazines. The six items, already sold in Europe, represent L'Oréal’s entry into the budding home-spa market in the U.S. Selling out rapidly is Exfotonic, a exfoliator priced at $14.99.
FLOWER POWER: Susan Curtis, a homeopath and a director at Neal’s Yard Natural Remedies, is hoping no one will ever have to read her new book "Surviving With Natural Remedies" (Winter Press). The book, released late last month in the U.K., describes natural remedies for the diseases and emergency situations that have been dominating headlines for 18 months, including anthrax, smallpox, radiation and post-traumatic stress disorder.
DERM BOOK: Dermatologists Katie Rodan and Kathy Fields, who launched the Rodan & Fields treatment brand a year ago, have completed a book called "Unblemished" (Atria), which is slated to bow next spring. But that’s not the only news on the doctor duo’s skin care marketing front. Rodan & Fields launched in Nordstrom in San Francisco on Thursday and is simultaneously conducting what it calls "Radiant Results: Clinic-in-the-Round," an in-store event. Rodan & Fields also is carried in the Studio at Fred Segal, Bergdorf Goodman and Nordstrom in Las Vegas.
@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)