Crisis at Mervyns: Credit Concerns Mount Over Economic Woes

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Overview

Lenders and credit analysts are jittery about the future of Mervyns, the $2.5 billion moderate-price regional department store chain.SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Mergers and Acquisitions

NexCen Nears Waverly Sale

NexCen Brands Inc. might be close to a deal for its home furnishings operation, Waverly Brands.

clock July 21, 2008Vicki M. Young and Matthew Lynch

Financial

Talbots Finalizes Credit Deal

Women’s specialty retailer The Talbots Inc. on Friday said it completed the terms of its previously announced $50 million credit facility with Aeon Inc.

clock July 21, 2008WWD Staff

Marketing and Promotion

Former Liz Claiborne Exec Wendy Banks, 61

Wendy Banks, who shaped Liz Claiborne Inc.’s early marketing and philanthropic efforts, died last week of respiratory failure at Connecticut’s Danbury Hospital.

clock July 21, 2008Whitney Beckett

Mergers and Acquisitions

In Brief: Phoenix, Sirius Buy Stake in LK Bennett

London-based private equity companies Phoenix Equity Partners and Sirius Equity have together taken a majority stake in LK Bennett.

clock July 21, 2008WWD Staff

Anne Bezamat's pendant necklace and ring.

Jewelry

Ladies First

The latest crop of accessories designers are women with a flair for detail.

clock July 21, 2008WWD Staff

Alessandra Gucci

Handbags

Gucci Girl

There is no doubt that Alessandra Gucci is deeply influenced by her family’s well-documented past.

clock July 21, 2008Luisa Zargani

Miley Cyrus on the "Good Morning America" summer concert series.

Street Style

Miley Time

If you were anywhere near Bryant Park just after dawn on Friday, you probably saw them: herds of little girls, skipping down sidewalks in denim HotPants.

clock July 21, 2008Sarah Haight

Siegelson's Art Deco necklace.

Jewelry

Estate Jewelry Keeps Giving

The intrinsic value and emotional appeal of estate and vintage fine jewelry are providing shelter in the stormy U.S. economy.

clock July 21, 2008Sophia Chabbott

Pieces from Ippolita's Rose line.

Jewelry

Ippolita Toasts Rose as Economic Tonic

Ippolita is taking steps to safeguard and diversify its business in the troubled economic climate.

clock July 21, 2008Sophia Chabbott

Bracelets from the Restoration Rocks collection.

Jewelry

Building Blocks

As the old adage goes, one man’s trash is another’s treasure.

clock July 21, 2008Venessa Lau

Sunglasses from the David Yurman Eyewear collection.

Eyewear

Findings: Yurman’s Got Eyes… New Chief…

David Yurman hosted an intimate gathering at his rooftop office in New York’s TriBeCa neighborhood last week to fete the launch of his eyewear collection.

clock July 21, 2008WWD Staff

Media

September Falls Flat for Most Mags

September is the make-or-break month for fashion magazines.

clock July 21, 2008Stephanie D. Smith

Victoria Tang behind the scenes of the new Lane Crawford campaign.

Media

Memo Pad: Triefus to Gucci… L.A. Blogging…Facing the Mainland…

Gucci has tapped Robert Triefus for the newly created position of worldwide marketing and communications director, effective today.

clock July 21, 2008WWD Staff

The Commando stand.

Intimates

Curve’s 2nd Pitch Set for August

The second edition of the CurveNY lingerie trade fair in New York next month will take place in a new venue and as U.S. economic weakness creates challenges.

clock July 21, 2008Karyn Monget

Tra La La eyelash lace and satin chemise.

Intimates

Delta Galil Adds Tra La La

D2 Brands, the U.S. division of Israel-based Delta Galil Industries, has acquired Tra La La, an upscale foundations brand in Los Angeles.

clock July 21, 2008Karyn Monget

Choose Sleep by Juicy Couture's casual lounge separates.

Intimates

Juicy Couture Breaks Into the Bedroom

The first collection of loungewear and sleepwear by Choose Sleep by Juicy Couture Intimate Apparel was introduced this month.

clock July 21, 2008Karyn Monget

Mervyns

Financial

Crisis at Mervyns: Credit Concerns Mount Over Economic Woes

Lenders and credit analysts are jittery about the future of Mervyns, the $2.5 billion moderate-price regional department store chain.

clock July 21, 2008Vicki M. Young

An image Parker and Grimes use as inspiration for the line.

Fashion Scoops

Fashion Scoops: The Right Mix… In Model Fashion… Pinault, Hayek Split…

Donatella Versace will have plenty of designer company at the 25th annual Fashion Group International’s Night of Stars honoring “The Alchemists.”

clock July 21, 2008WWD Staff

Andy Warhol Lexington Avenue.

Fragrance

Bond No. 9 Revisits Warhol

Niche fragrance marketer Bond No. 9 is going back to Andy Warhol’s pre-Pop years in New York with Andy Warhol Lexington Avenue.

clock July 21, 2008Michelle Edgar

Legal

Legal Briefs

The battle for the molded footwear market leapt to the courthouse this month when Crocs Inc. brought a patent and trade dress lawsuit against Skechers USA Inc.

clock July 21, 2008Matthew Lynch

Essentialist

Today's Must Read

Demna Gvasalia CFDA Awards 2017 After Party at Samsung 837

Fashion

Balenciaga Will Reveal Next Collection Via Video Game

clock 5hMiles Socha

Social Studies

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