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_________________________________________________ Subscribe now to WWD.com and save 20%! For a limited time you can subscribe to WWD.com for ONLY $79. You must click here for this special offer. Subscribe NOW and save! https://www.pubservice.com/fcarchive.aspx?pc=wo&pk=462NEWS _________________________________________________ Monday, March 20, 2006 TODAY'S TOP STORIES Rebuilding Helmut Lang: Shift to Contemporary, Search on for Designer Helmut Lang's new owner, Tokyo-based Link Theory Holdings Co. Ltd., has ambitious plans to revive the label on the contemporary level and is in the hunt for a designer to help make that happen. Body Shop OK's L'Oreal Bid The French beauty giant, confirming weeks of speculation, announced Friday that it will make a cash bid to acquire the British ethical manufacturer and retailer. Oleg Cassini: Iconic and Enduring Oleg Cassini, the swashbuckling designer whose name will forever be linked with that of Jacqueline Kennedy, his most celebrated client, will be remembered as much for his cult of personality and licensing prowess as for his clothes. _________________________________________________ JOB OF THE DAY Director of Design and Merchandising Orange County based Action Sports Company is looking for a heavy-hitting Director of Design & Merchandising to manage creative direction of brand. The right candidate will have proven success in design management and a demonstrated understanding of the action sports industry. Minimum 8 years experience. Great salary and benefits package! Apply at wwd@24seveninc.com _________________________________________________ ACTIVE LIFESTYLE Adidas Extends Deal With McCartney Reflecting the rapid success of the Adidas by Stella McCartney collection, the German athletic giant is extending its contract with the designer to 2010. GENERAL In His Own Words During his more than seven decades in the fashion industry, Oleg Cassini was never shy about speaking his mind. EYE ACCESSORIES REPORT Legwear Kicks Into a Growth Cycle After leaving legs out in the cold for years, designers are warming them up again. JCK Targets High-Volume Retailers JCK Events has turned its focus to high-volume retailers with the JCK NYC Invitational, which launched here this month. Findings: Star Gazing ... Watch Out ... Tiffany Timekeeping ... Claire Danes said she often wears Fred Leighton on the red carpet, but perhaps she'll be thinking about adding Montblanc to her mix. FASHION Fashion Scoops: We Are Familly ... Pedro And PE ... Joining YSL Alexander McQueen had his first brush with fine jewelry, and now it's destined for retail. RETAIL Barneys Exiting Manhasset Barneys New York is vacating the Americana Manhasset shopping center, one of the premiere luxury shopping centers in the nation. MEDIA/ADVERTISING Memo Pad: Shut Out, Again What, exactly, does the American Society of Magazine Editors have against Hachette Filipacchi Media? FINANCING FASHION Merger Mania Continues If 2005 was a blockbuster year for merger and acquisition deals, get ready for the sequel. Not a Luxurious Deal Merger and acquisitions may be the hot topic driving international stock markets these days, but at least one European investment firm believes the M&A story should be downplayed, at least in the luxury sector. Second Lien Lending to Slow UCC Capital Corp.'s recent annual financial predictions for 2006 include slowed second lien lending, deceleration in the real estate market and a loosening of Sarbanes-Oxley. Factoring in Consumer Trends If there's one constant in the apparel industry, it's that business trends follow the money -- especially money spent by consumers. FINANCIAL Legal Briefs The Neiman Marcus Group Inc. and NM Nevada Trust filed a lawsuit against Neiman-Barkus, The House of Doggy Style LLC and its current and past owners for alleged service mark infringement and other claims related to its name. SEC Filing Details Burlington Coat Factory Bid Process A peek into a recent Securities and Exchange Commission filing by Burlington Coat Factory offered more than a glimpse into what led up to its acquisition by Bain Capital Partners for $2.06 billion. Hub Centers Focus on Apparel As the apparel industry continues an expansion of sourcing goods overseas, companies are increasingly finding themselves facing greater risks. Macy's Union Accepts Five-Year Contract The agreement covers the period beginning Feb. 1, 2006 and ending May 1, 2011. Zumiez Profits Surge 59.3% In 4th Quarter Action sports retailer Zumiez Inc. delivered solid fourth-quarter earnings results last Wednesday, saying its "flexible merchandising strategy" helped the company drive comparable-store sales. WWD Stock Index Rebounds, Street Abuzz Over Nine West Stocks rallied on Friday as oil prices fell and the Federal Reserve said manufacturing production increased. Paul Frank Files Suit To Dissolve Company Paul Frank Sunich, a co-founder of Paul Frank Industries, has filed a lawsuit seeking the dissolution of the apparel and accessories company that bears his name and accusing his former partners of mismanagement. | |||||||||||||||||
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Note: Full text of the articles contained in this email is available only to subscribers.
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