Fred Segal Has Move Up
The popular retailer Fred Segal recently sold its worldwide brand rights to Sandow Media. The Sandow Media company, based in New York, works on building multichannel, vertically integrated brands. With this deal all intellectual property, retail stores, and the new online platform that once belonged to Fred Segal will remain under the brand name but owned by Sandow Media.
Although the cost of deal was not released, Michael Segal, who was the managing partner of the brand and the founder’s son, discussed why he chose to sell the brand: “Over the past 50 years, we have turned down multiple offers, never willing to risk our brand integrity, but after meeting Adam Sandow and discovering his passion for innovation and vision for Fred Segal, the decision was clear.”
Currently Sandow’s design management agency, Culture + Commerce, is working on creating partners to open stores globally; from New York to London to Milan. Another topic that Sandow and Segal have discussed is the possibility of a collaboration in order to spread the Fred Segal brand name.
Macy’s Fight Further with Martha Stewart
Currently Macy’s Inc. is working to keep Terry Lundgren, the chairman, president, and chief executive officer of Macy’s, from having to testify in court with the case against Martha Stewart Living Omnimedia Inc.. Just a day after this information was released the New York State judge received a letter from Martha Stewart asking that Lundgren be deposed. Quickly Macy’s legal team stated that asking for this is “unreasonable and untimely.”
Macy’s also stated that Lundgren does not possess any information that would be helpful for the case. Along with this, the company added that Martha Stewart has already receive depositions from Macy’s workers involved with the case. Although Stewart asked Macy’s to allow Lundrgen to be available before May 18, after Macy’s refused this, Stewart is declining to comment anymore.
Tracy Feith Joins the Toms Shoes’ Team
After months of discussion, Blake Mycoskie, Toms Shoes’ founder, has officially signed on Tracy Feith as a designer. His focus will be placed on Toms+, the new label that will hit specialty stores this fall. This brand will hold retail prices from $104 to $140, which is higher than the typical pair of Toms, but will still donate shoes to a person in need. Despite the fact that Feith holds a place on the board full time, the company does not place to have an entire clothing line.
– Lindsay Grundy
Article and Photo Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40