The retailer's Carolee division will operate the newly acquired label.
The transaction is expected to be announced today and to be finalized in October.
A brief look at some of the day’s stories.
Could Escada have its eye on one of Valentino’s key design deputies?
Apparel Holdings Group is launching a better line as part of its plan to diversify its moderate-dominant business with higher-end offerings.
Canadian cosmetics firm Faces Holdings Inc. is looking to fund international expansion by introducing its U.K. subsidiary, Faces Cosmetics plc, on the London Stock Exchange on Thursday.
The battle of the celebrity weeklies used to be between People and Us Weekly as the top two contenders, but recently In Touch has muscled in.