Back From the Brink: CIT Said Near $3B Deal To Avoid Bankruptcy

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CIT Group Inc. was reported to have reached a tentative $3 billion financing deal with bondholders, allowing the entire apparel supply chain to breathe a large sigh of relief.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue


Arcandor Shares Fall 2.6 Percent Friday

Stocks for the group recovered late in the day.

clock July 17, 2009Melissa Drier

Mergers and Acquisitions

Golden Gate Wins Eddie Bauer

Private equity firm Golden Gate Capital has emerged as the winner in the race to snatch up Eddie Bauer Holdings Inc. with a $286 million cash bid.

clock July 20, 2009Vicki M. Young

Mischa Barton in “Homecoming.”


Mischa Barton’s Teen Thriller

Producer Austin Stark talks about working with the actress Mischa Barton on “Homecoming.”

clock July 20, 2009Elisa Lipsky-Karasz

Noot Seear at Smith’s restaurant in New York City.


Noot Seear Goes For Blood in ‘New Moon’

Model Noot Seear discusses her role in the “Twilight” sequel, out this fall.

clock July 20, 2009Amanda FitzSimons


Retailer Zumiez Agrees to Settle Calif. Labor Suit

In reaching a tentative agreement to settle a California class-action lawsuit, extreme sports retailer Zumiez will pay about $1.3 million.

clock July 20, 2009Alexandra Steigrad


Strong Week for Retail Stocks

Retail stocks last week enjoyed their third positive week in the last four despite the drama surrounding CIT Group Inc.

clock July 20, 2009Arnold J. Karr

Designer and Luxury

Ivanka Trump Jewelry Taps First CEO

Former H.Stern marketing director Andrea Hansen has been named the first chief executive officer of Ivanka Trump Fine Jewelry.

clock July 20, 2009Sophia Chabbott

Designer and Luxury

Moody’s Downgrades St. John Credit

Credit downgrade for luxury knitwear firm St. John was spurred by declining performance, weakening liquidity.

clock July 20, 2009Arnold J. Karr

A style from Fossil's new footwear collection.


Fossil Plans Silver Celebration

Accessories company Fossil, aiming to double its revenue, plots a commemorative ad campaign, e-commerce additions and a shoe launch.

clock July 20, 2009Caroline Tell


Scandalous Hair Care Line Launches at Boots

Hairstylist James Brown, who counts Kate Moss among his business partners, introduces Scandalous hair products to the U.K. chain Boots.

clock July 20, 2009Brid Costello


Ted Gibson Joins ‘What Not to Wear’

Celebrity hairstylist Ted Gibson has been named the new hair expert on TLC’s popular makeover show, “What Not to Wear,” taking over the role from Nick Arrojo.

clock July 20, 2009Alissa Cherry

Government and Trade

Health Care Bill Advances in the House

Retailers are watch closely as comprehensive health care reform bill, which includes the controversial employer mandate, is considered by a third panel.

clock July 20, 2009Kristi Ellis

Henry Dunay

Designer and Luxury

Fine Jewelers Struggle in the Downturn

Jewelry firms are being squeezed because they overextended, borrowing too much cash from banks to fill orders that weren’t wholly secured.

clock July 20, 2009Sophia Chabbott and Vicki M. Young

Galeries Lafayette shoe space


Shoe Collector’s Dream: Galeries Lafayette Opens Giant Shoe Area

New addition at the Galeries Lafayette is billed as biggest dedicated shoe space in the world.

clock July 20, 2009Elena Berton

The home page of

Activewear Launches New Web Site

Web site, launched by, features more edgier products with a different customer base.

clock July 20, 2009Karyn Monget


Innerwear Giant Triumph Closes Factories in Philippines

Innerwear giant Triump International blames global recession for the closure of its factories and distribution center in the Philippines after 35 years.

clock July 20, 2009Bambina Wise

Britta Uschkamp’s bra and panty.


Innerwear Fashion Trend: By Design

Innerwear labels flex their creative muscles this spring with collections featuring tricky silhouettes, wicked prints and colors too hot to keep under wraps.

clock July 20, 2009WWD Staff

Marlies Dekkers’ corset.


Innerwear Fashion Trend: True Blood

This spring, manufacturers are keeping things hot after dark with vampy innerwear that’s got a touch of chic and a whole lot of sexy.

clock July 20, 2009WWD Staff


Curve NY: Show Happenings

If retailers need a break from circulating among exhibitors’ booths, show organizers of CurveNY will be staging special events and fashion shows.

clock July 20, 2009Karyn Monget

The entrance of the CurveNY show.


Retailer Registration High for CurveNY

The lingerie trade show CurveNY reported a record 21.8 percent increase in registered retailers.

clock July 20, 2009Karyn Monget

Brian Atwood

Fashion Features

Space Case: Designers Sketch Out of This World Fashion

Fashion fit for modern moon men and women as seen by the under-40 set.

clock July 20, 2009Jessica Iredale

A scene from “2001: A Space Odyssey.”

Fashion Features

Over the Moon

One has to wonder if Andre Courreges recoiled at the sight of Neil Armstrong’s cumbersome space suit — it was so not what Courrèges had in mind.

clock July 20, 2009Jessica Iredale

An interior view of Black Comme des Garçons’ temporary store.

Fashion Scoops

Prada and CDG Pops… Figs Opens in Nantucket… Ali Lohan, Spitting Image…

Prada is the latest brand to join the craze for pop-up boutiques in Paris with the opening of an ephemeral retail space today on Place Beauvau.

clock July 20, 2009WWD Staff

A Red8 watch.


Swiss Watchmaker Christian Bedat Returns

The launch of a Web-based project.

clock July 20, 2009Miles Socha

A look from Ellen Tracy’s fall 2009 line.


RVC Buys Ellen Tracy Collections

Brand Matter licenses firm and sells Ellen Tracy operating assets.

clock July 20, 2009Vicki M. Young

CIT Headquarters

Business Features

CIT Said in $3B Deal to Stave Off Ch. 11

A worst-case scenario appeared to have been avoided late Sunday as CIT Group Inc. was reported to have reached a tentative $3 billion deal with bondholders.

clock July 20, 2009WWD Staff


Today's Must Read

A relative of a Rana Plaza victim cries at a 2016 memorial created for the garment factory workers.


Abercrombie & Fitch Points to Progress After Student-Led Protests

clock 11hRosemary Feitelberg

Social Studies