Rebecca Minkoff Sells Stakes
Contemporary brand Rebecca Minkoff has inked a transaction for a minority investment from TSG Consumer Partners. The deal closed March 2, and represents the second investment the private equity firm has completed in the accessories space since the end of January. The first was a partnership with jewelry designer Alexis Bittar structured as a 50-50 equity stake on both sides. In the Minkoff transaction, the investment of an undisclosed amount is for a minority stake, leaving the Minkoff family with substantial ownership of their firm and in control of the business.
“We are very excited to partner with Rebecca Minkoff, one of the fastest growing designers in the industry. Her unique vision and passion for design are truly inspiring. The brand has tremendous opportunity ahead and we feel honored to be part of the family,” said Brian Krumrei, principal at TSG.
Estée Lauder Taps Arizona Muse
The Estée Lauder brand has signed Arizona Muse to its roster of spokesmodels. Muse has been signed for skin care, makeup and fragrance, noted Aerin Lauder, style and image director for the Estée Lauder brand. “Arizona is a true beauty and a great complement to our other spokespeople,” said Lauder. “She is perfect for the brand — she is warm, elegant and personable. She can represent skin care, fragrance and makeup equally well. She is truly a modern Estée Lauder woman.”
“She has the ability to go to that place. Also, Arizona is warm, engaging and smart,” said Richard Ferretti, senior vice president and creative director for Estée Lauder. She has an innate graciousness that we believe will translate to whatever advertising we choose to do with her.”
Venus Williams Relaunches EleVen
Venus Williams is getting back into the fashion game. The 31-year-old tennis star will relaunch her collection, EleVen by Venus Williams, featuring tops and bottoms that can be worn both on and off the court, at the Bath Club in Miami today. Williams originally launched EleVen exclusively for Steve & Barry’s, the apparel chain that went into liquidation in 2008. She went on to do a partnership with Ralph Lauren and designed some tennis pieces for Gilt.
“EleVen is really about being better than a 10,” said Williams. “It’s bringing your personal best which makes you an 11, and not accepting the standards of what is considered the best….It’s overcoming defeats and being a champion in life.” Williams said the line is also intended to make women and men look good. “If you don’t look good, you won’t play well.”
– Taneisha Jordan
Source & Photo: WWDSee the Top Ten Summer 2016 Trends for Women Over 40