Industry News – December 21st, 2016

Curated fashion industry news links for Wednesday, December 21st, 2016…

DESTINATION MATERNITY TO BE ACQUIRED BY FRENCH COMPANY – ChainStoreAge
“The deal calls for Orchestra to acquire Destination Maternity for about $7.05 a share, valuing the U.S. retailer at about $100 million according to its share count. The combined company, which will have estimated revenues of approximately $1.1 billion and create a leading global provider of maternity apparel, childrenswear and baby hard goods, will be operated under the Orchestra name. Orchestra will maintain its corporate headquarters in Montpellier, France. Destination Maternity will maintain its headquarters in Moorestown, N.J., and its distribution facility in Florence, N.J.”

RETAIL TITANICS? NEIMAN, NORDSTROM MAY BE HEADED FOR DISASTER WITH NEW STORES IN NEW YORK – Forbes
“Neiman Marcus will open a major store in New York City in 2018, while Nordstrom will open a major complex in 2019. These plans look foolhardy in light of how the internet is robbing stores of productivity.”

ASICS AMERICA STRENGTHENS ITS LEADERSHIP TEAM WITH TWO NEW EXECUTIVES – PRNewswire
“ASICS America Corporation, a true sport performance brand, announced today that it named Barbara Turner as Vice President of Human Resources and Lisa Hatton Harrington as General Counsel. Turner will oversee the Human Resources function for the company’s largest region, inclusive of North and South America. Harrington is responsible for overseeing the entire legal department, compliance, corporate social responsibility and internal audit in her role as General Counsel.”

LOUIS VUITTON’S MILAN POP-UP WILL BE REALLY WILD – FootwearNews
“Open Jan. 14 to 29, the temporary shop, which will be located on via Fiori Chiari, in the heart of the artsy Brera district, will carry, exclusively for the Italian market, the latest spring collection designed by Louis Vuitton men’s creative director Kim Jones.”

HERE’S WHY NIKE IS FINALLY GETTING A BIT OF LOVE FROM WALL STREET – Fortune
“Nike again managed to prove that the world’s largest athletic gear maker continues to dominate the competition.”