Victor Alfaro in his West 20th Street Studio
Forever 21 Teams With Marvel for Back-to-School
Forever 21 is looking to some superheroes to boost its back-to-school business. The fast-fashion retailer has teamed with Marvel to introduce more than 20 stock keeping units of juniors apparel and accessories, priced mostly from $12.80 to $22.80, emblazoned with imagery of superheroes in Marvel’s portfolio, including Thor, Spider-Man, Hulk, Wolverine and Iron Man. The items will be placed together at the front of 450 Forever 21 stores in the U.S. this week in so-called “comic shops.” “We’ve had the superheroes on the floor and, in the last few seasons, they have done increasingly well. The consumer has already been responding to the individual product, and we have taken it to the next level,” said Betsy Zanjani, senior vice president of design product at Forever 21.
Bridget Foley’s Diary: Victor Alfaro’s Second Act
Victor Alfaro discussed his new venture in his studio of the last 10 months. In pursuit of the right fabrics and production, Alfaro “went back to Italy,” and says the past three months have been “nothing short of a great experience.” He’s working on the pricing now for his collections, which will be comparable to “most Italian-made, high-end collections.” He expects to launch globally, drawing on relationships he built the first time around, including those with Neiman Marcus, Saks Fifth Avenue, Bergdorf Goodman, Barneys New York, Selfridges, Lane Crawford and Harvey Nichols. Also on his wish list, players from a category that was in its infancy when Alfaro exited the business: Net-a-porter and FarFetch.com. After shuttering his business in 2003, the designer took a respite from fashion.
Joe’s Jeans Acquires Hudson In A $97.6M Denim Marriage
One of the most frequently rumored acquisition targets in the premium denim business came off the market Monday as Hudson Jeans reached an agreement to be acquired by its City of Commerce, Calif., neighbor Joe’s Jeans Inc. Joe’s, which also reported lower profits on higher sales for the second quarter Monday, said it would buy privately held Hudson Clothing Holdings Inc. for $97.6 million in convertible notes and cash in a deal expected to close by Aug. 31.
Fireman Capital Partners and Webster Capital acquired a controlling interest in Hudson in 2009 and had been reported to be shopping the brand since late 2011. Webster and Peter Kim, who founded the brand in 2002, rolled their equity into Fireman prior to the deal with Joe’s. Kim will continue to serve as chief executive officer of Hudson and will join Joe’s board. He will report to Marc Crossman, president and ceo of Joe’s.
Jean-Charles de Castelbajac Creates Capsule
French designer Jean-Charles de Castelbajac is unveiling a six-piece capsule collection at Paris concept store N15 during Paris Fashion Week, ahead of the launch of his first resort collection later this year. The Wild Puzzle collection, featuring animal motifs in yellow, black and gray, will be on sale at N15 from Sept. 27 to Oct. 2. The line will be displayed in all four windows of the store, located on Place du Marché Saint-Honoré. It includes a wool tweed coat priced at 1,290 euros, or $1,685 at current exchange, an intarsia sweater and a Modal-and-cashmere scarf, both retailing for 490 euros, or $640, and a napa and patent leather clutch bag costing 460 euros, or $600 which proves to be quite a unique and different collection.
Christian Louboutin and Charles Jourdan Lawsuit Settled
Christian Louboutin settled its lawsuit Monday against fellow shoemaker Charles Jourdan. Louboutin sued Jourdan early last month, claiming it and retailer DSW infringed on Louboutin’s red-sole trademark when it sold Jourdan shoes with red bottoms. Louboutin called Jourdan’s shoes “counterfeit” versions of its own shoes, and claimed that it supplied the infringing product to select DSW stores in Brooklyn and Manhattan. Following a status conference in late June, Louboutin, Jourdan and DSW were able to come to an “amicable resolution,” according to Louboutin’s lawyer, Harley Lewin of McCarter & English. Lewin also tried Louboutin’s headline-making case against Yves Saint Laurent over its red-sole mark in 2011. Last September, a New York federal appeals court ruled that Louboutin has the right to protect its mark for women’s heels with red soles, as long as the remainder of the shoe is a different color. In the Charles Jourdan suit, matters were much more easily hashed out. “We received excellent cooperation from the parties, Charles Jourdan and DSW,” Lewin said.
Vince Files For IPO
Los Angeles-based contemporary sportswear brand Vince has filed for its anticipated initial public offering. Apparel Holding Corp., to be renamed Vince Holding Corp., said Monday it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed IPO of its common stock. The number of shares and their price range haven’t been determined. Apparel Holding Corp. is an affiliated portfolio company of Sun Capital Partners Inc. The proceeds from the IPO will be used to pay down debt and for general corporate purposes, such as opening new stores. The Vince IPO is expected to commence after the SEC completes the review process with respect to Apparel Holding Corp.’s registration statement.
– Mehar Singh
Source and Photo: WWD , WSJ
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