Financial Players Lead Race to Snap Up Neiman Marcus

No cover image

Overview

The Neiman Marcus Group hung a for-sale sign on the door Wednesday, and shoppers are still looking. Neiman's said it hired Goldman Sachs to seek "strategic alternatives," for the luxury retailer.

From This Issue

Burt Tansky

Financial

Financial Players Lead Race to Snap Up Neiman Marcus

NEW YORK — The Neiman Marcus Group hung a for-sale sign on the door Wednesday, and shoppers are looking.

Neiman’s said Wednesday morning that it hired Goldman Sachs to seek “strategic alternatives,” for the luxury…

clock March 17, 2005WWD Staff

Financial

Luxe Market at Top of Game

NEW YORK — Luxury firms have been on a roll, enjoying robust sales as consumers remain hungry for pricey merchandise. But for at least one economist, this is as good as it gets.

Carl Steidtmann, chief economist of Deloitte Research, said…

clock March 17, 2005Vicki M. Young

Marc Jacobs

Fashion Features

Jacobs Makes Mark on Melrose

The new ivy-covered Marc Jacobs store in Los Angeles pays homage to the Art Deco glamour of the city’s long-gone retail temples.

clock March 17, 2005Rose Apodaca

Betsey Johnson at Tavern on the Green.

Fashion Features

Honoring Betsey Johnson

NEW YORK — The unconventional Betsey Johnson was awarded the Signature Award for Lifetime Achievement Tuesday night by the National Association of Women Business Owners.

“I like the phrase ‘timeless talent’ better than…

clock March 17, 2005Lauren DeCarlo

Beauty Features

Beauty Beat: Clinique Teams Up With Weill Cornell … EU Nullifies L’Oréal Appeal

Back To School

NEW YORK — Faced with an outpouring of doctor-based skin care competitors, Clinique has raised the bar on dermatological research.

 The 37-year-old division of the Estée Lauder Cos., which…

clock March 17, 2005WWD Staff

The $35,000 Tommy Bahama jacket.

Fashion Features

Denim Dish: True Religion Takes Off … DIFFA Raises $600K … Haroche Goes West

True Religion Takes Off

With his latest business venture, Jeff Lubell believes he’s found the path to salvation.

Sales at his company, True Religion Apparel Inc., surged by a factor of 10 last year — its…

clock March 17, 2005WWD Staff

Companies are now making attractive and functional clothes for triathlons. Here, a new look from Tyr.

Fashion Features

Triathlon Apparel: Broadening the Appeal

NEW YORK — Triathlons were once the domain of a small circle of workout fanatics who made cycling, swimming and running a full-time vocation, but in recent years the sport has become more mainstream, particularly with the growth of mini…

clock March 17, 2005Melanie Kletter

Heidi Minx, president of Franky & Minx, in one of her T-shirts.

Retail

Franky & Minx Looks to Ink More Than Ts

NEW YORK — Heidi Minx is running out of bare skin.

From the nape of her neck down to her ankles, her body has been used as a canvas for 11 tattoo artists who’ve put in more than 300 hours tattooing her.

In 2001, Minx teamed…

clock March 17, 2005Lauren DeCarlo

Yank prides itself on hitting the trends while they're hot.

Fashion Features

Fiene Returns to Plate With Yank

NEW YORK — If a consumer sees a designer blouse or a skirt in a magazine that she wants to buy, there’s no reason she shouldn’t have it right away — at least that’s what Gregg Fiene, founder of Yank, a young contemporary…

clock March 17, 2005Lauren DeCarlo

Concepts is a subsegment of Lilly Pulitzer's signature Collection line.

Fashion Features

A New Concept for Lilly

NEW YORK — Lilly Pulitzer, the collection of choice for socialites from New England to Palm Beach, will continue to roll out its Concepts line, which was introduced in the resort 2004 collection.

Concepts is a subsegment of Lilly…

clock March 17, 2005Lauren DeCarlo

Fashion Features

In Brief: Tommy Italiano … DSW To IPO … Cherokee’s Roots …

TOMMY ITALIANO: Tommy Hilfiger Corp.’s European subsidiary, Tommy Hilfiger Europe BV, plans to buy back the rights to manage and distribute its flagship brand in Italy from Fincom SpA next month. “We intend to step up…

clock March 17, 2005WWD Staff

Financial

Justice Lawyers Cite Jan. Data in Safeguard Case

WASHINGTON — The U.S. Justice Department cited new apparel and textile import statistics from China showing explosive growth in January in arguing for dismissal of a lawsuit and a temporary injunction barring it from reviewing, accepting or…

clock March 17, 2005Kristi Ellis

Financial

Textile Caucus Pushing for China Action

WASHINGTON — House members from textile-producing states are stepping up pressure on the Bush administration to levy quotas on low-priced apparel and textile imports from China that are flooding the U.S. market and increasing competitive…

clock March 17, 2005Joanna Ramey

WWD Image

Fashion Features

Opposites Attract at Burberry London

LONDON — Christopher Bailey is taking the rough with the smooth this season with a Burberry London collection that’s filled with sharply tailored woolens and soft washed silks, structured tweeds and fluttery velvet devoré…

clock March 17, 2005Samantha Conti

Galliano’s design for Kylie Minogue.

Fashion Features

Fashion Scoops: Exit Strategy … Of A Feather … The Bijou Chronicles …

EXIT STRATEGY: Gucci Group is once again promoting from within. Sources in Europe said Oliver Yang, Gucci Group’s general manager for Europe and the Middle East, will leave that post at the end of April for…

clock March 17, 2005WWD Staff

A S.H.A.G. dress.

Fashion Features

Stores Look to Fill in Gaps at FAME

NEW YORK — A between-market refuge for boutiques, the FAME (Fashion Avenue Market Expo) show here this week served up trendy, moderately priced fashions from novelty T- shirts to Indian-inspired looks.

Some of the fashions came from…

clock March 17, 2005Evan Clark

WWD Image

Fashion Features

Hip-Hop Luxury

Top 2004 luxury brand mentions from Billboard’s Top 20 singles charts.

clock March 17, 2005WWD Staff

Financial

Kors Builds Up in Canada

MONTREAL — Michael Kors is expanding its international business with a new division, Michael Kors Canada, headquartered here.

The unit is headed by Debra Margles, formerly president of Kasper and Anne Klein Canada, which were purchased by…

clock March 17, 2005Brian Dunn

Fashion Features

Slow Close to ’04 for Specialty Chains

NEW YORK — A batch of specialty retailers posted mostly disappointing fourth-quarter and full-year earnings results on Wednesday, while also saying results would be affected by changes to lease accounting.

Hot Topic Inc. said…

clock March 17, 2005Meredith Derby

James Gooding

Fashion Features

Easy Rider

LONDON — Like so many young artists before him, photographer James Gooding hopped in a car and started looking in earnest for the soul of America. What he found, not surprisingly, was a lot of melancholic visages and lousy food.

“I…

clock March 17, 2005Samantha Conti

Sarah Murdoch

Retail

Organic Overtures

Granola munchers and old-school rockers aren’t typical draws for the downtown nightlife, but Manhattan saw both earlier this week. A crop of heavies gathered to fete the opening of the new Whole Foods in Union Square — Manhattan chefs…

clock March 17, 2005WWD Staff

Diane von Furstenberg and Anh Duong

Fashion Features

Petal Pushers

PARIS — Evening clutches are chic, but juggling one at a buffet dinner is no easy feat. The ever-gallant Christian Louboutin came to Anh Duong’s rescue when she arrived at Diane von…

clock March 17, 2005WWD Staff

Social Studies