Archive for August, 2007

Calvin Klein Brand Powers PVH in Quarter

Thursday, August 23rd, 2007

Calvin Klein Logo

Second-quarter income soared at Phillips-Van Heusen Corp., beating its own guidance through the strength of the Calvin Klein brand.

The company said Wednesday that for the three months ended Aug. 5, net income rose 31.6 percent to $39.1 million, or 68 cents a diluted share, from $29.7 million, or 53 cents, in the same year-ago quarter. Included in the quarter were $2.2 million pre-tax costs, or 2 cents a share, in connection with the start-up of the firm’s Timberland wholesale sportswear business and Calvin Klein better specialty retail stores. In May the company expected earnings per share of 61 cents. Total revenues rose 20.4 percent to $552.4 million, which included a 20.1 percent jump in sales to $488.9 million, from $458.9 million.

Denim deluxe

Thursday, August 23rd, 2007

Handbag fashion

The J Brand flared jeans recently spotted on Kate Moss (left) couldn’t be easier to get hold of, with the launch of premium denim specialist Trilogy’s website. Already renowned for their exhaustive knowledge regarding all things denim, trilogystores.co.uk, launching 1 September, will mirror the Chelsea boutique’s ethos by ensuring the site is easy to browse and chock full of all our favorite upmarket denim brands such as Twenty8Twelve and Robins, the latter which they stock exclusively, as well as non-denim collections from the likes of See by Chloe. Back in the non-cyber world, cult New York denim label Jean Shop has opened their first UK shop in Harrods, which will carry a limited edition skinny fit black selvedge jean style, as well as leather shirts and accessories…

Betsey in a Cartwheel: Johnson Sells Majority To Castanea Equity Firm

Thursday, August 23rd, 2007

Fashion models newsDespite turmoil in the credit and stock markets, private equity deals continue to flourish in the fashion world and the latest involves Betsey Johnson. The quirky contemporary sportswear and dress designer has sold a controlling interest in her company to Castanea Partners, a private equity firm based in Boston.

“It gives us really great growth opportunities,” said Chantal Bacon, chief executive officer of Betsey Johnson. “For the past 30 years, we’ve really established a brand, and with their help we’re going to take it to the next level.”

Robert Smith, co-managing partner of Castanea Partners and the former co-chief executive officer of Harcourt General Inc. and vice chairman of the Neiman Marcus Group, said he has been talking to Johnson for several years and was attracted to the company’s diversification, distribution and growth prospects.

“We watched the business evolve and develop over the past two to three years,” said Smith, who added he was also aware of Johnson from his Neiman Marcus days. “I’ve known of the Betsey business. She’s been an iconic and great creator of a fashion brand.”

Currently, Johnson generates a little over $200 million in retail volume through its 51 freestanding stores and wholesale distribution, said Bacon. Neither Smith nor Bacon would divulge the exact percentage of Castanea’s majority stake, nor the amount it paid. The deal was put together by The Sage Group, the Los Angeles investment firm.

Smith believes Bacon and Johnson “have a very solid partnership.”

“They really took control of their own distribution, opening stores and expanding their licensing program. It adds significant dimension to it,” said Smith. Further, he believes Johnson has developed a solid wholesale business.

“That attracted us. They’re at the beginning of their evolution. Our hope is to really assist them in building the right team and to manage this growth and opportunity well,” said Smith.

Johnson, who is known for her unorthodox personality and for doing cartwheels at the end of her runway shows, has always done things her own way. After developing a strong following for her girly, frilly dresses and sportswear at department stores, the company embarked on an aggressive push the last few years to open freestanding stores and extend Johnson’s label through licensed products.Fashion models news

Sharapova unveils U.S. Open wardrobe

Thursday, August 23rd, 2007

Maria Sharapova loves New York, especially its style and skyline. When Sharapova defends her U.S. Open title next week, she’ll be wearing tennis dresses decorated with graphic interpretations of the cityscape on the chest.

The designs, created in collaboration with Nike senior designer Colleen Sandieson, were unveiled Wednesday evening on a rooftop at Rockefeller Center.

Like last year, Sharapova will have one outfit dedicated for day play and another for night matches.

“It’s always important to feel comfortable in what you’re wearing when you’re playing, but in tennis, you can do so many things with your wardrobe,” Sharapova said wearing the flame-red dress in a flared shift silhouette that she’ll wear at night.

The color is in honor of the Big Apple. “I’ve worn a red top before but never a red dress, but there is no better place to do it than New York,” she told the Associated Press.

The dress is a sleek garment made of a breathable wicking jersey and constructed with a no-sew technique with seams bonded with heat and silicone instead of thread.

There are more than 600 Swarovski crystals incorporated into the design, adding a little flash to the outfit, but Sharapova said it’s simple and classy, which suits her taste. “I don’t like things with too much pattern … things that are tacky.”

There also are three crystal buttons down the back, creating a keyhole effect.

For the daytime, the look is similar but in black and white — and without the crystals. It has a scoop-back design that facilitates movement, according to Sandieson.

Performance is always the priority, Sandieson said, but she and Sharapova strive for designs that marry function with fashion.

“She has a fantastic game and I have a lot of respect for that but she has a great eye for detail,” Sandieson said. “She’s got a style that’s very natural to her, and she also knows what she likes and doesn’t like.”

Sharapova, 20, has become a player in the fashion world and has sponsorship deals with Parlux Fragrances, handbag company Samantha Thavasa and watchmaker Tag Heuer in addition to Nike. She follows Venus and Serena Williams and Anna Kournikova as tennis players who are also seen as style icons.

“She wears clothes that a lot of other women would like to own and look good in,” said Susan Kaufman, editor of People StyleWatch.

Kaufman also notes that today’s tennis stars are photographed when they’re off the court, too, giving more of a glimpse of their personal style.

Sharapova noted that the U.S. Open, which runs Aug. 27-Sept. 8, coincides with New York Fashion Week and she tries to make it to at least one show. For the past two years, it’s been Marc Jacobs but she also hopes to make it to Michael Kors, Peter Som and Vera Wang this year.

Once her tennis career is over, she said, fashion is something she’d like to further explore.Maria Sharapova Fashion

Exclusive pics from yesterday: Nicky Hilton at the island of Hvar (Croatia)

Thursday, August 23rd, 2007

Nicky Hilton at the island of Hvar (Croatia)

She was in club Carpe Diem…

She was drunk, as usual…

View all photos here:
http://fashion-forum.org/forum/viewtopic.php?t=190