Today’s Fashion Headlines: Tuesday, May 7, 2013

May 7, 2013 • Fashion Blog, Fashion News


Eyes On Talent Launches

A new online platform has emerged that connects brands with high ranking international design talents. This idea was launched earlier this year by Floriane de Saint Pierre, a Paris-based search specialist.

“We give the power to brands to do their own selection and to contact designers directly,” de Saint Pierre said of her Eyes on Talent venture. “It’s a tool that I dreamed of having.”

This site is invitation only for designs and by the subscription for brands. “More than 1,200 designers from 15 countries in fashion and textiles; accessories and leather goods; jewelry and watches; industrial design, and photography” have had portfolios put together through this web venture.

Neiman Marcus Headed For A Public Offering

Neiman Marcus Inc. seems to be moving toward an initial public offering with the owners of Texas Pacific Group, now called TPG Capital and Warburg Pincus.

Everyone appears to be more eager than ever to cash in on this investment and Credit Suisse is said to be exploring different financial options. However, the question of “when” has not been answered yet as representatives at TPG, Warburg Pincus and Credit Suisse have declined comment as of Monday.

“This would be a very good time to cash out,” said Isaac Lagnado, president of Tactical Retail Solutions.

Internet Sales Tax Passes In Senate

In a 69 to 27 vote on Monday, the Senate passed the legislation that would give states the right to tax out-of-state online sellers. Groups  in retail that are in favor of this are now looking at the House to pass this as well.

The Marketplace Fairness Act ” seeks to close what many advocates say is a sales tax loophole benefiting online sellers such as eBay.” Currently, state governments can only collect taxes from retailers that have a physical presence. Therefore, online sellers that do not have an office or distribution headquarters have an advantage.

“The legislation would eliminate the sales tax differential and put brick-and-mortar retailers back on the same footing.”

– Jamie Wilson

Source & Image: WWD

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