NEW YORK, United States — Silver Lake Management LLC and William Morris Endeavor Entertainment LLC agreed to buy talent agency IMG Worldwide Inc. from Forstmann Little & Co. for about $2.4 billion, a person with knowledge of the matter said.
NEW YORK, United States — IMG Fashion, the fashion division of global brand and event management giant IMG, which represents designers and produces fashion shows and fashion weeks around the world, has announced a partnership with Joor, a B2B online marketplace that connects brands with retailers and brings the simplicity of B2C e-commerce to what can often be an archaic, paper-intensive wholesale buying process.
In the next instalment of her on-going series, Finding Your M.O., Áslaug Magnúsdóttir, co-founder and CEO of fashion-tech start-up Moda Operandi, examines the advantages and disadvantages of bringing in strategic investors.
Fashion’s Most Angry Fella (Vanity Fair) “When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.” Toronto Fashion Week sold to IMG, Robin Kay steps down
MUMBAI, India – From the minute I landed in Bombay—as everyone here still calls it—the rapidly shifting nature of contemporary India was apparent. Instead of waiting in agonisingly long queues at the airport, I breezed through immigration, customs and bag collection in only 45 minutes. That’s faster than one can make it through most terminals at Heathrow or JFK these days. Outside the airport, cranes building a new terminal towered
Fashion Week Designers Fight Gloom With Cost Cuts, Shared Tents (Bloomberg) “As 64 couturiers head into New York Fashion Week, sobered designers plan to slash prices and offer practical clothes in more subdued colors and with fewer flourishes.” Testing Her Strong Suit (New York Times) Anna Sui, a part of the broad middle of the fashion designers, attempts to navigate through the rough retail terrain. Revlon Profits Fall