DOWN THE AISLE The marriage of retailers and manufacturers promises.. – WWD

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DOWN THE AISLE

The marriage of retailers and manufacturers promises to produce a better mass shopping environment.

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In honor of the 25th anniversary of the Juicy Couture tracksuit, a throwback to Jen and Ben circa 2002. Read more about the fashion and cultural impact of the Aughts-famous design at the link in bio. Report: @mistywhitesidell #wwdfashion #jlo #benaffleck #juicycouture
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Carly Cushnie has decided to shut down her business. In business 12 years, Cushnie became known for its sleek, feminine and modern designs. In a letter to the media Wednesday, Cushnie said the fashion and retail landscape has become "increasingly challenging over the years" for designers. "While my brand has persevered through unending headwinds, the effects of COVID-19 have hurt my business beyond repair, and it is with great sadness that I share Cushnie will be closing its doors," the letter read. Pre-fall is the last collection produced and shipped." Tap the link in bio for more. Report: @lisajlockwood 📸: @colienarentmeester
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Tiffany & Co. and LVMH Moët Hennessy Louis Vuitton are getting married after all. The recently warring firms jointly announced that they have "concluded an agreement modifying certain terms of their initial agreement" and a new purchase price of $131.50 in cash per share versus an original offer of $135. Tiffany and LVMH have also agreed to settle their pending litigation in the Delaware Chancery Court. “We are very pleased to have reached an agreement with LVMH at an attractive price and to now be able to proceed with the merger," Roger Farah, chairman of the board of directors of Tiffany, said in a statement. "The board concluded it was in the best interests of all of our stakeholders to achieve certainty of closing." Bernard Arnault, president and chief executive officer of LVMH and one of the industry's most formidable dealmakers, commented: “This balanced agreement with Tiffany’s Board allows LVMH to work on the Tiffany acquisition with confidence and resume discussions with Tiffany’s management on the integration details. We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany and its employees during this exciting next chapter.” Tap the link in bio for more. Report: Evan Clark & Miles Socha

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