eBay to Launch
Outnet Outlet Site
Leave it to eBay to bring an outlet mall shopping experience to a keyboard near you. No longer will there be a need to fight crowded parking lots! On September 19 eBay will launch eBay Fashion Outlet, the first virtual “outlet shopping mall” in the U.S. There’s an opening roster of about 20 companies, including Neiman Marcus Last Call, William Rast, Spanx, Fila, Timberland, Brooks Brothers, Bluefly and Custo Barcelona. Additional names are expected to be revealed in the weeks and months ahead, with the denim sector expected to be a particularly big category, according to eBay executives. I’ll miss the food court!
Annick Goutal Purchased by AmorePacific
Seoul-based AmorePacific Group has agreed to buy the Annick Goutal fragrance brand from Starwood Capital. TThe acquisition is intended also to establish a foothold for expanding AmorePacific’s fragrance business in Asia, such as China and Japan. Paris-based Annick Goutal was launched in 1981 and is today sold in more than 1,300 doors — including its own boutiques — in 20 countries. No reports on the purchase price…yet.
Strike One for YSL: Judge Disregards YSL Exhibits in Christian Louboutin Case
Hmm, this could get ugly. On Wednesday the judge sided with plaintiff Christian Louboutin and said the court would disregard certain exhibits submitted by defendant Yves Saint Laurent as it decides whether to grant a preliminary injunction barring the sale of red-soled shoes from YSL’s 2011 cruise collection.
In their letter, YSL attached exhibits, which, according to Louboutin attorney Harley Lewin, of McCarter & English, were either “unsupported on the record or irrelevant.” It is not known when the judge might issue a decision on the preliminary injunction. All over the color red!
Frederick’s of Hollywood Seeks a Buyer…Any Buyer
It could be curtains for cheesecake! The cash-strapped and nearly dead lingerie chain is desperately trying to drum up demand for its skimpy thongs, fishnets and teddies. So Frederick’s of Hollywood have hired Singapore-based investment bank Auriga Investment to scout for a buyer in the Far East. They are hoping the Asian market will see value in the company that pioneered push-up bras and black panties in the 1950s.
New York-based Frederick’s has been steadily squeezed out of the US lingerie market since the 1990s by Victoria’s Secret, but Frederick’s won’t go down without a fight. They are trying to improve lingerie designs and add new products (like bath and beauty) this holiday season. Last week, Frederick’s disclosed it won a one-year extension to comply with covenants on a $7 million loan from Hilco Trading, despite the company’s sad balance sheet and continued losses. This could prove to be a very tricky sale. Only time will tell.
Sources: WWD & NY PostSee the Top Ten Summer 2016 Trends for Women Over 40