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.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)