Industry News – January 18th, 2017

Curated fashion industry news links for Wednesday, Januaray 18th, 2017…

SEE ALL THE BEST STREET STYLE FROM MILAN MEN’S FASHION WEEK – TheCut
“Wide-leg pants took the spotlight on the streets of Milan Men’s Fashion Week last weekend: tailored slacks, ripped jeans, and looser silhouettes.”

NINE WEST HOLDINGS TO ACQUIRE THE KASPER GROUP – PRNewswire
” The Company has used the net proceeds from the December 2016 sale of its Easy Spirit wholesale business to purchase the Kasper Group. The terms of the Kasper Group transaction were not disclosed. The acquisition of the Kasper Group is expected to close during January 2017.”

CLAIRE’S PULLS THE PLUG ON ITS IPO – Forbes
“The kids and teen jewelry retailer is withdrawing its paperwork for an initial public offering, according to a Tuesday filing with the Securities and Exchange Commission.”

LUXOTTICA, OWNER OF RAY-BAN, IN $49 BILLION MERGER WITH ESSILOR – TheNewYorkTimes
“Essilor of France said on Monday that it would merge with the Luxottica Group of Italy, owner of the Ray-Ban and Oakley brands, in a $49 billion deal that would create a giant in the eyewear industry.”

BROTHER VELLIES, RYAN ROCHE, AND HUGO MCCLOUD TEAM UP ON KNITS TO BENEFIT THE WOMEN’S MARCH – Vogue
“Those going will need to find a way to stay warm, among other concerns, and those supporting from far away are looking for ways to get involved at a distance. Enter Brother Vellies’s creative director, Aurora James.”

CHRISTOPHER & BANKS CEO OUT AMID DISAPPOINTING SALES – ChainStoreAge
“Christopher & Banks Corp. on Tuesday announced the departure of its CEO, effective January 17, 2017, and also lowered its fourth quarter guidance after a dismal holiday season.”