Russell-Newman Inc. has purchased the Los Angeles-based Carol Malony brand of upscale designer intimates, its third acquisition since March and first foray into the foundations field.
Last month, Russell-Newman acquired the assets and trademark of KN Karen Neuburger, which followed the purchase of St. Eve International in March.
The Carol Malony name in lingerie has had a strong following among specialty retailers for more than two decades, beginning with upscale lingerie boutiques in Los Angeles in the Eighties and later as a supplier to Victoria’s Secret. The Carol Malony bra brand features two collections: Carol Malony Signature, a better line, and Haute, a designer line sold at better department and specialty stores in the U.S., Europe and Australia.
Malony’s designs won several awards in 2007, including the Madam Figaro Award and the Ultra Modernite Trophy for excellence in lingerie design at the Salon International de la Lingerie in Paris.
A purchase price was not available, but annual wholesale sales for the Carol Malony brand are more than $10 million, according to industry estimates.
David Martino, president and chief executive officer of Denton, Tex.-based Russell-Newman, said tough economic times present opportunities for strategic acquisitions.
“There are a lot of opportunities when some companies are in financial straits,” Martino said. “It’s a good time to make acquisitions and we keep most of the employees when we do these acquisitions.”
Nancy Marino, president of the newly created Carol Malony division, said, “Russell-Newman is a very strong sleepwear company and now the strategy is to become a major player in lingerie. It’s a good opportunity because of what’s going on in the retail and manufacturing sectors. When you can leverage the strategy of Russell-Newman, which has great infrastructure, you’re building into a very strong environment.”
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast