This week, Chloé taps Maison Margiela’s CEO, while Burberry appoints an Asia-based drinks executive to its board of directors.
The polarising, era-defining line, designed in 1992 for Perry Ellis, has been reproduced 26 years later.
Perry Ellis said the decision was made after a major licensor refused to consent to Randa's acquisition of the company.
A special committee formed by Perry Ellis to evaluate the proposals said it would look into the offer, open talks with Randa and grant it due diligence access.
The men's accessories maker offered to buy Perry Ellis for $28 per share, 50 cents higher than the offer from Perry Ellis founder George Feldenkreis, which the company agreed to in June.