PARIS — Looking to focus on bolstering footwear and apparel sales via its Adidas and Reebok brands, Adidas AG on Thursday said it has entered into a definitive agreement to sell its CCM Hockey brand to a newly formed affiliate of Canada’s Birch Hill Equity Partners.Subject to customary closing conditions, the transaction, valued at $110 million, is expected to be completed during the third quarter of 2017, according to a statement from the German sporting goods firm. Kasper Rorsted, ceo of Adidas AG, said the divestiture of the brand reflects the company’s commitment to its so-called Creating the New strategy.As a result of the transaction, Adidas said it has recorded a non-operational negative profit and loss impact in the high-double-digit million euro range, which will be reported in discontinued operations as part of the company's second quarter 2017 results, due to be released on August 3. The company's continuing operations are not affected by this one-time charge, according to the statement.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18