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Jul 9, 2013

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Newport International Group, New Fashion Runway: Wall Street

Source: http://dealbook.ny 04/fashions-new-ru nway-wall-street/? _r=0 With his red-carpet gowns, lush cashmere sweaters and jet-set shoulder totes, Michael Kors has influenced fellow designers across the globe. These days, though, Mr. Kors is inspiring the fashion world not only with his “affordable luxury” merchandise, but also with the extraordinary success of his initial public offering nearly two years ago. On Wednesday, Marc Jacobs announced his departure from Louis Vuitton to focus on an I.P.O. of his own brand. Last year, Diane von Furstenberg set off speculation about a stock offering when she hired a top-level fashion executive in a push to expand her business. And while Tory Burch has denied any near-term interest in an I.P.O., there are persistent whispers of a Wall Street debut. Call it the Michael Kors effect. When a company receives such an exuberant reception from stock investors, bankers say, it naturally causes similarly positioned businesses to think: Why not me? “You might not see these designers filing for an I.P.O. tomorrow, but they have all had discussions with advisers and are positioning themselves to go public,” said a senior executive at a large investment bank who requested anonymity because of his involvement in some of those private conversations. “And you can be sure,” he added, “that the Kors juggernaut looms large in these talks.” Shares of Michael Kors Holdings have more than tripled since their December 2011 offering, making the I.P.O. one of the most successful in recent years, as the company continues to turn in exceptional financial results and torrid growth. It now has a stock market value of $15.5 billion, recently surpassing the $15.2 billion market capitalization of Ralph Lauren, one of the best-known brands in the history of the apparel business and a public company since 1997. The blazing performance of Michael Kors stock has created extraordinary wealth for its namesake, a Fashion Institute of Technology dropout who rose to fame as a judge on the fashion television show “Project Runway.” Mr. Kors, 54, has sold shares in his company totaling about $700 million, and still holds stock valued at roughly $330 million. His financial backers and senior executives have also cashed in handsomely. Sportswear Holdings, a private equity firm controlled by Silas K.F. Chou and Lawrence S. Stroll, have disposed of about $3 billion worth of their shares. John D. Idol, the chief executive of Michael Kors, has sold more than $400 million of his holdings. Though they have not received nearly the attention of blockbuster technology offerings like Facebook’s debut last year and Twitter’s pending deal, fashion I.P.O.’s are in vogue on Wall Street. Vince, a luxury apparel brand owned by Kellwood, filed last month to sell stock to the public and separate from its parent. In Europe, Prada, Salvatore Ferragamo and Bruno Cucinelli have listed shares in the last couple of years. American design houses have had a mixed record as publicly traded companies. The capriciousness of shoppers’ taste can often lead to volatile stock performance, which is anathema to investors who typically prefer more reliable stocks that show steady, consistent growth. Read related articles here : http://newportrunw /  (Oct 6, 2013 | post #1)

Denim suits for FC Barcelona after new deal with Italian ...

http://www.sportsk 5/denim-suits-for- fc-barcelona-after -new-deal-with-ita lian-brand/ Barcelona have struck a 4-year agreement with an Italian clothing brand called Fashion Box. By virtue of the deal, the Italian firm’s denim brands – Replay, Replay & Sons, We Are Replay and Red Seal – will become the official sponsors of the clubs formal clothing and footwear. SportsPro reported an official press release from the Catalan club which stated that the Replay brand would create a line of smart casual wear for the team. This is set to include development of a new unique, exclusive superlight suit for the players which is set to be made using the firm’s indigo denim fabric. Matteo Sinigaglia, the chief executive of Fashion Box, said: “We are more than thrilled with this alliance. Both Replay and FC Barcelona make the maximum effort to get excellence in their respective fields and Barça are not just a partner for us, they are also a great source of inspiration.” “This is the first time that a denim company have moved into the world of football. We are certain that the product we are developing for them will surprise the whole world”. FC Barcelona’s director general Antoni Rossich added: “Fashion Box is a leading company in its sector and Replay is a well-known, prestigious brand, which like our teams, boasts its own unique personality.” “Its products are fresh, dynamic and young and have a style which we feel clearly identified with. We also share a clear commitment to the global market – in our case with our fans and in theirs with their clients throughout the world”.  (Aug 10, 2013 | post #1)

Business News

Fashion: Newport International Group, Barcelona Tax Fraud...

i really like this one.....thanks for so nice and informative information.......really nice work.  (Jul 9, 2013 | post #29)