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 FASHION RETAIL BEAUTY SPORTSWEAR EYE MEMOPAD TEXTILES ACCESSORIES FINANCIAL | Monday, February 12, 2007 TODAY'S TOP STORIES Li & Fung to Buy Tommy Hilfiger Sourcing Hong Kong-based Li & Fung Ltd. and Tommy Hilfiger said Sunday that a wholly owned subsidiary of Li & Fung will acquire Tommy Hilfiger's global sourcing operations, headquartered in Hong Kong, for $247.8 million in cash. Straightforward New York Season Pleases Buyers Designers played dress up for fall - and retailers were happy. _________________________________________________ Cosmetic Buyer Luxury retailer based in New York City is in need of a Cosmetics Buyer. Lauder buying experience a plus but not necessary. Will have 1-3 direct reports. Salary 150K. Please respond with "WWD Cosmetic Buyer" in the subject line of your email. Apply at wwd@24seveninc.com _________________________________________________ CHILDREN'S WEAR REPORT Roxy and Quiksilver Get on Board With Baby Surfers Devotees of surf lifestyle brands Quiksilver and Roxy may now outfit their babies in the brands' famous boardshorts and hibiscus-print dresses. Planet Funk Goes Younger With Play When brothers Oren and Noy Hayun, owners of young contemporary retail chain Planet Funk, were mulling over how to expand in 2005, they zeroed in on a flourishing market being pioneered by many of their best-selling vendors: premium children's wear. _________________________________________________ advertisement Every Customer Has Her Own Style. Isn't it Time You Get to Know Her? Escalate Retail's loyalty solutions help you understand your customers and develop long-lasting relationships by identifying and profiling your best customer segments and influencing their shopping behavior to foster higher sales, deeper loyalty and bankable repeat business. http://www.escalateretail.com _________________________________________________ ACCESSORIES REPORT Findings Boucheron, best known for its glitzy baubles, is switching gears with its watch operations. Topping It All Off The New York shows always come through with great American sportswear, and this season was no exception. But in a bit of a surprise, there was a major revival of millinery. Mango Adds Bags Mango has caught the luxury bag bug. The Spanish fast-fashion retailer unveiled its first icon bag, dubbed Pantone after its range of 12 hues, at the Palais de Tokyo here Thursday. INNERWEAR REPORT Pairing Up: Runway Collaborations a Mutual Benefit Season after season, fashion is becoming more of a collaborative effort. Ultra Show's Fashion Follies About 500 guests turned out to view a combination of rock-Goth, cabaret-inspired looks and Victoriana fantasy a la Josephine at the Salon International de la Lingerie's annual fashion show. FASHION Fashion Scoops: Sex Is Back... On Target... Roman Holiday... With so much buzz about models and their weight last week, there's clearly still plenty of room for the curvaceous, healthy-looking Brazilian who was so au courant just a few years ago. Return Engagements The notion of real clothes for real women has a perennial appeal, and a number of designers, including two that are making comebacks, explored it this season. Taking Shape Dennis Basso had big plans this season to leap beyond furs for his first foray into the tents. City Chic And Easy Elegance Just in the nick of time, Donna Karan brought a little seduction to the season, while Ralph Lauren's beautiful clothes oozed luxury and refinement. EYE Coast to Coast For bon vivants, Thursday night of fashion week always features the one-two punch of the Calvin Klein and Zac Posen after parties. MEDIA/ADVERTISING Memo Pad: To The Rescue... Party Pooh-Pooher... All Change While The New York Times Media Group recently reported a 3.5 percent decline in advertising revenue during the fourth quarter of last year versus the same period in 2005, its glossy T: Tahari Signs Deal With S. Rothschild Eli Tahari Ltd. is adding another layer, courtesy of an outerwear licensing deal with S. Rothschild & Co. FINANCIAL Electronics, Home Goods Hampering Apparel Sales Cooler temperatures and gift cards may have helped apparel sales in January, but the sector remains under pressure from other product categories such as home goods and electronics. Sears Holdings Rolls Out Sears Holdings Corp.'s Sears and Kmart nameplates are aiming to become a primary destination for back-to-school this fall. Done Deals & In Development There's a heightened level of excitement around 34th Street in Manhattan. Legal Briefs J. Marcus Wholesalers Inc. and The Paradies Shops Inc. filed a complaint against Louis Vuitton Malletier SA, asking the court for a declaration of noninfringement. West Coast Factors Weigh 2007 Outlook Factors see brand identity and overseas investment as the critical topics du jour for the apparel industry this year. Chicago's Slew of Openings Not All About Luxe Chicago's retail boom isn't exclusive to luxury fashion, though new stores by Jimmy Choo and Chanel and a soon-totttttttt-open Marc Jacobs boutique in Bucktown might lead you to think otherwise. Sale of Mines Boosts De Beers Net in 2006 Diamond company De Beers posted a 32 percent jump in yearly earnings as a result of the partial sale of their stake in De Beers Consolidate Mines to Ponahalo. Analysts See Shift in Consumer Spending Habits Archstone Consulting recently completed its fourth annual post-holiday survey of the season and noted strong results from Tiffany's, Costco and Coach, as well as a structural change in how consumers are shopping. Citigroup Research Report: Liz Might Be LBO Target The second annual leveraged buyout report of the Citigroup Research Retail Team concludes that LBOs will remain active in 2007, and that apparel giant Liz Claiborne might represent the most attractive takeover candidate. REITs Deliver Robust Fourth-Qtr. Profits It was a banner fourth quarter for many U.S. mall owners, who reported both domestic and overseas growth. Polo Names Asia-Pacific President Polo Ralph Lauren Corp. is expected to announce today that Fran?ois Delage will join the company Sept. 1 as president of the Asia-Pacific region. BEAUTY REPORT French Beauty Sales Soar in '06 France's beauty business in 2006 registered its largest sales gain in five years, according to the Federation des Industries de la Parfumerie. RETAIL Search Adds Celeb Look-alike Apparel Visual search engine Like.com will launch apparel and accessories this week, pointing shoppers to almost four million fashion items that closely resemble those worn by celebrities. GENERAL Charles R. Walgreen Jr. Charles R. Walgreen Jr., son of the founder of the 105-year-old drugstore chain Walgreen Co., died in his sleep Saturday at his home in Northfield, Ill. He was 100 years old. In Brief: Bauer Chief Out Eddie Bauer Holdings Inc. president and chief executive officer Fabian Mansson resigned Friday, a day after company shareholders rejected a $286 million buyout offer from two private equity firms. |  | ||||||
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