the Insiders


Showing posts by Evan Clark- Deputy Editor, Business
Buyouts, mergers, public offerings, the sale of a big stake to an outsider--these are all existential focal points in the life of any company.

Emotionally and financially charged moments, they are highly anticipated and often transformative. Later they will be recalled by former executives and dissected by dealwatchers--ourselves included--with comments like "Everything went downhill when they sold out" or "They were nothing until so and so came in and whipped them into shape."
The well-oiled Saks Inc. rumor mill has gone quiet.

There was the initial flurry of stories after it became known the luxe department store company hired Goldman Sachs to explore its options and possibly a sale.

Sometime in the early Aughts, when I was a wet-behind-the-ears WWD business reporter, a colleague replied to some silly thing I'd said by looking aghast and asking, "Don't you know? Fashion is all about the shoes and the bag."

The shoes and the bag.

I didn't know then how right she was, in both sartorial and business terms.

Every once in a great while the fashion industry hits a sleepy patch and a week passes when nobody says much of anything -- at least in a public forum that we can scrutinize.
I am a complete and absolute sucker for Thin Mints.
Investors are ready to believe again -- if only for a moment -- in the big-time buyout rumor.

I was waiting at a restaurant recently and following the up-to-the-second fashion week news on Twitter when my incoming tweets slowed to a crawl and then stopped.

Brands spend millions trying to win consumer's hearts, minds and pocket books, but they're losing the battle for their time -- her time in particular.

Just before William Ackman squared off with Carl Icahn on CNBC last week -- in which the two activist investors engaged in a surprisingly personal round of verbal fisticuffs, ostensibly over direct merchant Herbalife -- Ackman hinted at things to come at one of his biggest investments, J.C. Penney Co. Inc.

There was a subtly delicious moment at the WWD CEO Summit this week when business professor Gary Hamel told a room full of high-powered managers that, in the future, managers wouldn't be needed.

News from WWD

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

getIsArchiveOnly= hasAccess=false hasArchiveAccess=false