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04/01/2017

Kate Spade Entangled in Insider Trading Allegations Following Sale Reports

 

Recent Kate Spade sale rumors are being coupled with reports of insider trading. Minutes before Dow Jones reported that Kate Spade is exploring a sale of its business, one options trader purchased nearly 2,000 calls – paid-for options to purchase the New York-based fashion brand’s stock at an already agreed-upon price – resulting in a quick $320,000 profit.

Options trading tends to operate heavily around specific events, such as a company’s release of its earnings reports or the impending release of a legal judgment but is also frequently used on a less event-specific basis, for the purpose of hedging other investments. With this in mind, the unnamed (and likely unknown) trader’s purchase – which took place at 12:23 p.m. on December 28 – seem somewhat run of the mill. That is until 10 minutes later when Kate Spade made headlines for reportedly preparing to sell off its company. The timing for the trade has led to suspicions of insider trading as first reported by CNBC analysts.

The U.S. Securities and Exchange Commission has declined to comment on whether it will investigate the trading activity at issue, and Kate Spade did not immediately respond to a request for comment regarding the trade allegations.

So, what companies are expected to make a play for Kate Spade, which plans to kick off a formal auction process this month, with interest from six possible bidders, according to a person familiar with the situation? Wells Fargo analyst Ike Boruchow said several brand houses — namely, VF Corp, PVH, Hanesbrands, Michael Kors and Coach — have said they are looking to make an acquisition. Boruchow said Kate's valuation was "compelling" since the shares have been punished for the company's recent choppy earnings reports.

VF Corp and Michael Kors, which are typically quiet on the options front, both saw heightened activity on Wednesday. "We know that both Coach and Kors each have cash and want to make a purchase of another brand," Telsey Advisory Group's Dana Telsey told CNBC on Wednesday. "You certainly have in Kate a long runway of potential growth ahead."

More athletic-focused brands may be less of a good fit, said Kay Koplovitz, a former Kate Spade board member, told Bloomberg. The bidder would need to cultivate Kate Spade’s role as a “whimsical” brand aimed at millennial career women, Koplovitz said. If it is purchased by an apparel conglomerate with lots of labels, there’s a danger of “homogenizing” the business, she said.

Spokespersons from Michael Kors, Coach and VF Corp each told CNBC that their companies do not comment on rumors or speculation.Read more at:formal dresses online | formal dresses brisbane

 

08:25 Publié dans fashion | Lien permanent | Commentaires (0)

30/12/2016

Radford fashion in winning streak

 

 KKD with the beauty queen.
(Photo:long formal dresses)

All three descriptions fit the bill. In a relatively short space of three years, and riding on its annual flagship programme dubbed ‘The Radford Graduate Fashion show’, the fashion department of the Radford university college, has firmly established itself on the global fashion map, winning several local and international awards.

As a true market leader, recent successive awards have been bagged, tacitly confirming the acclaimed status of Radford as the University of Choice for a degree in fashion. In September this year a final year student of the department, Nii Adjei Dromoh, won the maiden edition of the Multi TV award for the best “Fshion Talent 2016”.

The latest addition is Abena Appiah, who clinched the just-ended, coveted Queen and Beauty Universe Crown 2016, at the plush Movenpick Hotel in Accra.

The Executive Chairman, Nana Dwomoh Sarpong, was forthright, “we aim at excellence. Our primary goal is to equip our students with the skills necessary to make them competitive at the global stage. The feats gained attest to this mission statement and we will stop at nothing to make Radford join those at the pinnacle of the global fashion industry”.

Head of Department Mrs. Yvonne Ntiamoah couldn’t agree more, associating herself in a re-assuring tone that “we are not complacent. This is just the beginning of an unfolding success story as we remain poised to take the industry by storm.”

Mrs. Ntiamoah also commended former fashion student Miss Araba Sama Fletcher for being listed in the teenvogue as a fledgling entrepreneur who is a master of textiles and a designer. Sama’s store first opened solely selling graphic t-shirts, but has evolved into jewelry made from recycled glass, in addition to apparel and accessories from other talents of the diaspora.

A beaming Yvonne said a fashion styling and promotion was in the offing to show the signature work for the final year students.Read more at:formal dresses 2016

 

07:49 Publié dans fashion | Lien permanent | Commentaires (0)

28/12/2016

‘The Fashion of Islam’ set to arrive at the De Young Museum

 

(Photo:marieaustralia)

The De Young Museum has attracted huge crowds with Jean Paul Gaultier, Oscar de la Renta and Yves Saint Laurent shows.

The museum’s new manager Max Hollein has now scheduled “The Trend of Islam,” his first important show, set to take place in the autumn of 2018.

The theme of the show was entitled “Beliefs, Vogue, Fusion”.

“There are folks who don’t even believe there is any trend in Islam,” Mr. Hollein said.

“But in case you take a look at Beirut, Dubai, and Saudi Arabia, the trend is extremely energetic, also it may address to larger societal, political developments and ethnic comprehension”, added the expert.

Another show will feature sportswear and Islamic streetwear, focusing on the prohibit controversies of the burkini which have blighted the shores of France.

Hollein worked on this project by using the De Young’s costumes and fabrics curators to “put together a number of specialists and scholars to develop the project, regarding the real history of culture and also regarding the part of style”.

In the designer featured department, trend exhibits frequently depend on sponsorship in museums in America, making the show appear to be an extended ad campaign.

In this situation, Mr. Hollein said, funding hasn’t yet been lined up.

“Honestly I do want to finance immediately because we would be skewed. We will not be collaborating in this way with anyone”.

“We need to use the exact same scholarly rigor that we might apply to old masters”, added the manager.Read more at:short formal dresses

 

08:50 Publié dans fashion | Lien permanent | Commentaires (0)