Australia’s David Jones Shareholders Back $2 Billion Bid

David Jones department store | Source: Reuters

SYDNEY, Australia — Shareholders of David Jones Ltd, Australia's No. 2 department store by sales, on Monday backed a $2 billion bid by South Africa's Woolworths Holdings Ltd, ending weeks of uncertainty over the intentions of top shareholder Solomon Lew.

…Continue Reading

Australia’s Billabong Faces Possible Class Action Lawsuit

Billabong's 'Made for Living' campaign | Source: Billabong

SYDNEY, Australia — Law firm Slater & Gordon Ltd said on Thursday it was preparing a class action lawsuit against Australian surfwear company Billabong International Ltd over alleged misleading conduct in information disclosure.

…Continue Reading

Sneakerboy’s Luxury Retail Revolution

Sneakerboy | Photo: March Studio

With the launch of Sneakerboy, Chris Kyvetos, a member of the recently launched BoF 500, is targeting a new generation of luxury consumers with a highly covetable selection of sneakers and an innovative digital retail model that blends the tactility of a physical store with the efficiencies of the Internet.

…Continue Reading

Billabong Accepts Refinancing Offer From Centerbridge, Oaktree

Billabong Colour of Love Campaign | Source: Billabong

GOLD COAST, Australia — Billabong International Ltd., the unprofitable Australian surfwear company, accepted a refinancing proposal from a group including Oaktree Capital Management LP and Centerbridge Partners LP, saying it offered better terms than a rival plan to repay debt.

…Continue Reading

Decarnin exits Balmain, Reviving Russia, Boom time in Australia, Twitter’s brand pages, Ruth Hogben live

Christophe Decarnin | Source: Homme a la Mode

Balmain Exit (Vogue UK) “Christophe Decarnin is leaving Balmain after spending five years as creative director. A successor has not yet been appointed…. Decarnin joined the French fashion house in 2005 as a designer before being made the creative director in November 2007. He is largely credited for introducing the rock and military-inspired look… that the label is currently known for.” Reviving the Russian

…Continue Reading