Industry Highlights – KKR and Novo, Urban Outfitters Sales Rise, Trunk Club, Cindy Crawford Collaobrates with C&A, L.A. Fashion Renaissance

Posted on August 21, 2012

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KKR buys into Novo, bets on China youth apparel market

“Global buyout fund KKR & Co L.P. (KKR.N) has placed a bet on China’s $38 billion youth apparel retail market, saying on Wednesday that it will acquire a stake in privately held retailer Novo Holdco Ltd for $30 million.” (Reuters)

Urban Outfitters Income, Sales Rise

“It didn’t take long for Richard Hayne to reacclimate to life atop Urban Outfitters Inc. Hayne, cofounder and chairman, took back his spot as chief executive officer when Glen Senk left in January, and he has been on the move since, plotting the company’s next steps.” (WWD)

Trunk Club to Launch Designer Series

“Trunk Club, an online men’s fashion service that provides a curated selection of apparel and accessories, today launches its designer series featuring a partnership with Theory for its September trunk.” (WWD)

Cindy Crawford and C&A Collection

“Cindy Crawford has collaborated with C&A on her first clothing collection. The supermodel is releasing a line of casual apparel, which will launch in over 1,500 C&A stores throughout Europe.” (Vogue UK)

L.A’s Fashion Renaissance

“…when news broke that Hedi Slimane was planning to move the YSL design studio from Paris to Los Angeles, fashion folk were truly, sincerely aghast. L.A.? For real? Yes, the weather’s nice, the murmuring went, but isn’t that the land of Juicy tracksuits, flip-flops, and Kardashians?” (Style.com)

Posted in: Industry News