fashion-scoops
fashion-scoops

Hugo Boss' Design Competition... Melanie Laurent to Wear Dior at Cannes...

To celebrate their 30-year partnership, Hugo Boss is inviting consumers to design the racing overalls worn by McLaren Formula 1 drivers.

fashion-scoops/news
View Slideshow

SAVING ALLSAINTS: Principals at the British clothing retailer AllSaints are deep in talks with Goode Partners about a sale, and a decision could come as early as next week, according to sources familiar with the negotiations. “The next two to three days are very critical,” one source said. Spokespeople for AllSaints and Goode declined to comment on Thursday. Goode, which has a stake in Intermix, is said to be working alongside MSD Capital, which was started in 1998 and is the investment arm of Michael S. Dell. Earlier this year, Goode had been working with M1 Group, a fund run by the Lebanon-based Najib Makiti, on a bid for AllSaints. According to sources, Goode already has a stake in AllSaints that it is seeking to protect. MSD Capital could not be reached for comment at press time and it is unclear whether MSD Capital is still taking part in the talks to acquire AllSaints.

AllSaints has been forced to restructure following the collapse of the Icelandic bank Kaupthing, which held a majority stake in the company through loans of a reported $532.2 million, which the company used to fuel its rapid international expansion. Ernst & Young, the accountancy group, has put Kaupthing’s U.K. division into administration, the U.K. equivalent of Chapter 11, and — separately — has been dealing with AllSaints, trying to find it new investors. If AllSaints does not find a buyer, it too risks falling into administration.

View Slideshow
Page:  « Previous ... Next »
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD
Newsletters

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

LatestPublications
getIsArchiveOnly= hasAccess=false hasArchiveAccess=false