Chloë Sevigny Teams Up Miu Miu for Ad Campaign
The American actress Chloë Sevigny returns for her role as the face of Miu Miu for bold, colorful pictures featuring the fall pieces. The actress was the face of Miu Miu back in 1996, where she posed for photographer Juergen Teller for the spring 1996 ad campaign. Now, breaking the news through August issues of assorted international magazines, Sevigny is the front-runner once again. Mert Alas and Marcus Piggott were the photographers this time around for Sevigny, using valiant and colorful looks with undertones and contrasts to create the striking advertisements.
J Brand Looking Into Stock Listing
The J Brand recently hired Morgan Stanley to look into a sale or an initial public offering. The company has been estimated to have more than $100 million in annual sales with the majority of the company owned by Star Avenue Capital and a minority held by founder and chief executive officer Jeff Rudes.
The company recently made the jump from producing just denim to also offering ready-to-wear. Currently the brand is offered through 2,500 stores across the world. With annual sales growing into the double digits quickly, the business feels that it could be a good fit for larger tactical players within the industry that are looking for growth or for a private equity investor. This could help move the brand into retail before flipping and expanding it.
Christopher & Banks Soon to Sell?
Aria Partners made an offer of $64.3 million to buy Christopher & Banks Corp. Shares raised 19.8 percent Tuesday after this information was released, making shares close at $1.39 on Tuesday. The offer by Aria was first submitted to the clothing retailer on May 21st, however it was rejected. This offer was to buy the rest of the shares of the company that Aria does not currently own.
As of right now the executives at Christopher & Banks have not commented on the possibly buy-out, however they retained Piper Jaffray & Co. and Dorsey & Whitney LLP as financial and legal advisors and issued a statement:
“Consistent with its fiduciary responsibilities, the company’s board of directors will review and consider this unsolicited proposal, in consultation with its financial and legal advisors, and determine the course of action that it believes to be in the best interest of Christopher & Banks and its stockholders.”
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40