In Brief: Mystery Deal for Levi Outlets … Delta to Sell Yarn Mill
MYSTERY DEAL FOR LEVI OUTLETS: Casual Male Retail Group Inc., which owns 32 Levi’s and Dockers Outlet stores, said Thursday it had agreed to sell those outlets to an unnamed, privately held buyer for an undisclosed price. Jeff Unger, vice...
MYSTERY DEAL FOR LEVI OUTLETS: Casual Male Retail Group Inc., which owns 32 Levi’s and Dockers Outlet stores, said Thursday it had agreed to sell those outlets to an unnamed, privately held buyer for an undisclosed price. Jeff Unger, vice president of investor relations, said the buyer had requested its identity not be revealed, though he conceded it’s likely the publicly traded Casual Male will eventually have to disclose the buyer’s name to the Securities and Exchange Commission. The Canton, Mass.-based company has reinvented itself over the last four years, shutting 74 of its outlets and acquiring the Casual Male chain. Prior to the deal, the company was known as Designs Inc. When the sale of the remaining outlets closes — as is expected by Nov. 24 — Casual Male’s sole business will be large-size men’s apparel.
DELTA TO SELL YARN MILL: Delta Apparel Inc. said Thursday it had agreed to sell its yarn plant in Edgefield, S.C., to Parkdale America, a maker of cotton yarns. The price was not disclosed. Delta said it had also inked a five-year deal with Parkdale to buy yarn produced at the plant, and noted that it would use the proceeds to pay down debt and invest in marketing.
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive