“Stella McCartney designing kids' clothes - Hindustan Times” plus 2 more |
- Stella McCartney designing kids' clothes - Hindustan Times
- Stella Mccartney - Pregnant Mccartney Launching Kids' Clothes Range - Contactmusic.com
- Bain pays $1.8 billion for kids clothing firm Gymboree - msnbc.com
| Stella McCartney designing kids' clothes - Hindustan Times Posted: 16 Sep 2010 12:58 AM PDT Fashion designer Stella McCartney is expanding her clothing line with a new range of children's clothes. McCartney and her husband Alasdhair Willis are preparing to welcome their fourth child in late autumn. In the meantime, McCartney has been secretly designing a line for children, set to hit stores in November."As a brand with many working parents in the team, I wanted to create a desirable, fun, wearable kids' collection that was affordable," contactmusic.com quoted her as saying.
This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Stella Mccartney - Pregnant Mccartney Launching Kids' Clothes Range - Contactmusic.com Posted: 15 Sep 2010 04:13 AM PDT Caption: Stella Mccartney (Picture) and her husband Alasdhair Willis drop their children off at school together London, England .... Pregnant designer STELLA MCCARTNEY is expanding her fashion range to introduce a children's collection. The fashionista and her husband Alasdhair Willis are preparing to welcome their fourth child in late autumn (10), but MCCartney is still working hard. She's been secretly designing a line for children - and the new range is set to hit stores in November (10). MCCartney says, "As a brand with many working parents in the team, I wanted to create a desirable, fun, wearable kids' collection that was affordable. "I feel like all the timeless children's wear is reserved for the expensive brands and that did not sit well with me - kids and parents, aunts, uncles, friends, should all be able to have access to Stella MCCartney Kids clothes. We have tried to make that possible in this first collection, and hope it is enjoyed!" This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Bain pays $1.8 billion for kids clothing firm Gymboree - msnbc.com Posted: 11 Oct 2010 03:38 PM PDT By Nivedita Bhattacharjee and Megan Davies BANGALORE/NEW YORK (Reuters) - Children's clothing maker Gymboree Corp is selling itself to buyout firm Bain Capital Partners for $1.8 billion, it said on Monday, as cheap valuations and clean balance sheets make specialty apparel companies attractive takeover targets. Bain beat other private equity bidders such as Apollo Global Management , which also had been pursuing the firm, two sources familiar with the situation said on Monday. The deal values Gymboree at $65.40 in cash and includes a "go-shop" period of 40 days until November 20 when the company can solicit rival bids. Shares closed at $64.83 on Nasdaq, indicating the market is not anticipating a higher bid for the company. About one third of the deal value is made up of equity and the remainder debt, one of the sources familiar with the situation told Reuters. Private equity deal flow has increased in recent months, as financing markets have rebounded. Some buyout funds are under pressure to spend money before their investment periods end and concerns about potential tax hikes rise. CRAZY 8 Many observers are expecting Crazy 8, a cheaper, funkier line of children's wear, to spur growth the company. Gymboree has topped earnings estimates for the past six quarters, helped by the popularity of its "Gymbucks" program, where customers spending above a certain limit receive coupons, which they can then redeem on later purchases. "The timing (for Gymboree) is prudent just because it allows them more flexibility to ramp up the growth of Crazy 8," said Betty Chen, who covers specialty apparel companies at Wedbush Securities. "If companies have a growth vehicle, (going private) presents a great opportunity to grow it in private, incubate it, gain some traction and then take it out again in two or three years' time," Chen said. Analysts think deal could fuel more takeovers in specialty apparel, with three analysts naming Children's Place Retail Stores Inc as a possible candidate. Children's Place, which hit a new year-high Monday, closed up 2 percent on Nasdaq, while rival Carter's Inc ended the day up 3 percent on the New York Stock Exchange. "Specialty apparel companies usually have a lot of cash flow and the brand equity is also something that is quite difficult to start from scratch ... if you buy a strong brand like Gymboree, that is compelling," Chen said. FAIR DEAL Gymboree shareholders will get $65.40 in cash for each share held; a premium of 23.5 percent to the stock's closing on Friday. The offer values the company at a 57 percent premium to the stock's trading price before reports on a possible sale of the company made the rounds on September 30. "The offer is in the range of what we were expecting ... around seven and a half to 8 times EBITDA," Chen said. The deal is structured as a tender offer, which typically takes a shorter time to close than a regularly structured deal. A recent deal to take Burger King private was similarly structured. Though the offer is not on par with what deals were at before the recession, it is compelling, said Sterne Agee & Leach analyst Margaret Whitfield. "I think shareholders will have something to say if an offer like this is turned down," she said. The San Francisco-based retailer's shares were trading at about 13 times forward earnings, nearly half the industry average of around 25. As of July 31, the company, which operates about 1,000 retail stores in the United States, Canada, Puerto Rico and Australia, had cash on hand of about $132.4 million and no long-term debt. The company said it will solicit acquisition proposals from third parties for a period of 40 days. Goldman Sachs is acting as financial adviser to the special committee of the board. Morgan Stanley and Credit Suisse are providing financing for the deal, one of the sources said. (Reporting by Nivedita Bhattacharjee in Bangalore and Megan Davies in New York. Additional reporting by NR Sethuraman, Anil D'Silva. Editing by Gopakumar Warrier, Anthony Kurian and Robert MacMillan) Copyright 2010 Thomson Reuters. Click for restrictions. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
"I feel like all the timeless children's wear is reserved for the expensive brands and that did not sit well with me - kids and parents, aunts, uncles, friends, should all be able to have access to Stella MCCartney Kids clothes. We have tried to make that possible in this first collection, and hope it is enjoyed!" she said.| You are subscribed to email updates from kids clothing - Bing News To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment