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Plum's the Word Plum's the Word THE NEW ANNE KLEIN/2 DESIGNER DENIM AND IMAGE/22 WWDWomen’s Wear DailyWEDNESDAY • The Retailers’ Daily Newspaper • June 28, 2006 • $2.00 Sportswear Plum’s the Word NEW YORK — For holiday, dresses reign supreme in the contemporary market — but forget the sequins and glitz. Instead, designers opt for clean shapes and simple adornments, as in this cotton velvet dress with a silk organza bow from 3.1 Phillip Lim. Mickey’s Magic Kingdom: ONE Drexler Expected to Steer J. Crew to Wall St. Today By David Moin THYPRIANO.COM; STYLED BY ANTONIA SARD STYLED BY THYPRIANO.COM; NEW YORK — With the wind at its back, J. Crew Group Inc. is set to launch its much-anticipated initial public offering today. The company planned to issue 18.8 million shares, at $20 a share, or $376 Y ROANNA BALES/ARTISTSBYTIMO million, to pay down its $352 million in debt and propel further growth. The offering is being led by Goldman, Sachs & Co. and Bear Stearns & Co. J. Crew Group has been controlled OREAL PROFESSIONNEL; MAKEUP B by the private equity firm Texas Pacific Group for the last nine years. With the offering, the company will have 56.9 million shares outstanding, with See J. Crew, Page 20 W YORK; HAIR BY RIAD AZAR/L’ HAIR BY W YORK; PHOTO BY TALAYA CENTENO; MODEL: JANAINA/NE TALAYA PHOTO BY 2 WWD, WEDNESDAY, JUNE 28, 2006 WWD.COM Anne Klein Returns to Retail WWDWEDNESDAY Sportswear By Marc Karimzadeh A rendering of the Anne Klein New York interior. NEW YORK — Since Jones Apparel Group bought Anne GENERAL J. Crew Group, the $950 million retailer and direct merchant, is expected Klein in 2003, it has been qui- etly formulating a strategy of 1 to go public today with its long-awaited initial public offering. growth for the label. In the fall, Anne Klein will kick off a retail drive in August that includes opening nine Anne Klein will celebrate its ar- 2 signature stores in the fall and 10 to 15 units annually in the next few years. rival in multiple ways, including a retail rollout of accessories- Consumers were a bit more optimistic this month, sending the only stores, two major stores 3 Consumer Confi dence Index up slightly to 105.7 from 104.7 last month. that also will feature apparel, a FASHION: While the teams grabbing airtime during the World Cup comprise renewed focus on handbags and 4 only men, women are getting in on the action by dressing the part. a new fall ad campaign. In August, the company will Taking a major step toward national expansion, Barneys New York said it kick off a retail strategy, which in- 5 will open a 60,000-square-foot fl agship in San Francisco in fall 2007. cludes opening nine Anne Klein As Sixty Group unveils a boutique hotel in Italian beach town Riccione, its New York stores between August 6 co-founders are pondering the fi rm’s future and whether to take it public. and October, with plans to add 10 to 15 units annually over the Full coverage of the nominees in all eight categories for the 31st annual next few years. The freestand- 7 Dallas Fashion Awards. ing stores mostly will Treasury Secretary-designate Henry Paulson Jr. said the U.S. needs to focus on accessories, An image from the fall Anne Each store will be about 21 encourage China to reform its currency policy, but didn’t say how. which Jones Apparel Klein New York campaign. 1,600 square feet in size. executives expect will The Madison Avenue and Classifi ed Advertisements.............................................................23-27 fuel the future growth El Passé Drive units will of the brand, which be larger at 2,500 and 2,400 To e-mail reporters and editors at WWD, the address is fi rstname. at one time was con- square feet, respectively, be- [email protected], using the individual’s name. sidered among the cause they will carry Anne WOMEN’S WEAR DAILY IS A REGISTERED TRADEMARK OF FAIRCHILD PUBLICATIONS, INC. COPY- most significant in Klein New York apparel RIGHT ©2006 FAIRCHILD PUBLICATIONS, INC. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. American sportswear. in addition to accessories. VOLUME 191, NO. 136. WWD (ISSN # 0149-5380) is published daily except Saturdays, Sundays and holidays, with one ad- “For the past two Pech added there are plans ditional issue in January and November, two additional issues in March, May, June, August and December, and three ad- ditional issues in February, April, September and October by Fairchild Publications, Inc., a subsidiary of Advance Publications, years, we have worked to open a second Manhattan Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by Advance Magazine Publishers very closely on rede- boutique in a downtown lo- Inc.: S.I. Newhouse Jr., Chairman; Charles H. Townsend, President & C.E.O.; John W. Bellando, Executive Vice President and fi ning what the brand cation next year. C.O.O.; Jill Bright, Executive Vice President_Human Resources; John Buese, Executive Vice President_Chief Information Officer; David Orlin, Senior Vice President_Strategic Sourcing; Robert Bennis, Senior Vice President_Real Estate; Maurie Perl, Senior sensibility should be, “Retail enhances every- Vice President_Chief Communications Officer. Shared Services provided by Advance Magazine Group: Steven T. Florio, Advance and came up with a thing we do for a brand,” Magazine Group Vice Chairman; David B. Chemidlin, Senior Vice President_General Manager, Shared Services Center. great format that re- she said, indicating that Periodicals postage paid at New York, NY and at additional mailing offices. Canada Post Publications Mail Agreement No. ally defi nes what Anne the store blueprint could 40644503. Canadian Goods and Services Tax Registration No. 88654-9096-RM0001. Canada post return undeliverable Canadian addresses to: DPGM, 7496 Bath Road, Unit 2, Mississauga, ON L4T 1L2. POSTMASTER: SEND ADDRESS Klein is,” said Stacy nications. “Accessories eventually also translate CHANGES TO WWD, P.O. Box 15008, North Hollywood, CA 91615-5008. FOR SUBSCRIPTIONS, Lastrina, Jones Apparel’s have always been an im- into shop-in-shops at depart- ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE INQUIRIES: Please write to WOMEN’S WEAR executive vice presi- portant element with ment stores. DAILY, P.O. Box 15008, North Hollywood, CA 91615-5008; Call 800-289-0273; or visit www.subnow.com/wd . Four weeks is required for change of address. Please give both new and old address as printed on most recent label. dent for marketing and Anne Klein, and the store Accessories will account for Subscriptions Rates: U.S. possessions, Retailer, daily one year: $109; Manufacturer, daily one year $145. All other creative services. “We gives you the feeling of much of the growth at Anne U.S., daily one year $205. Canada/Mexico, daily one year, $295. All other foreign (Air Speed), daily one year $595. have a proper acces- almost walking into her Klein, which has a wholesale First copy of new subscription will be mailed within four weeks after receipt of order. Address all editorial, business, and production correspondence to WOMEN’S WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions sories following, and brand.” The new store sales volume of $550 million, in- and reprint requests, please call 212-221-9595 or fax requests to 212-221-9195. Visit us online: www.wwd.com. To the idea to take that concept features cluding licenses. To better serve subscribe to other Fairchild magazines on the World Wide Web, visit www.fairchildpub.com. Occasionally, we make to the next level is ash wood wall cov- the expansion, the company our subscriber list available to carefully screened companies that offer products and services that we believe would interest our readers. If you do not want to receive these offers and/or information by mail and/or e-mail, please advise a logical step. We erings, smoked hired Dominique Aurientis as us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. believe the brand glass shelving and creative director of the hand- WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR LOSS, DAMAGE, OR ANY OTHER INJURY TO UNSOLICITED MANU- has much growth brushed metal bags collection. The French SCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPAR- ENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, ahead of it.” cases, travertine designer once had her own ac- OR OTHER MATERIALS FOR CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED Anne Klein marble floors, cessories collections, and in the is reentering plush brown past has developed accessories the retail scene carpeting and a for the likes of Christian Dior, after a SoHo bou- The handbags feature a carved gold lead Lanvin, Nina Ricci, Celine, tique here, which signature link hardware inspired table as a focal Salvatore Ferragamo and Emilio opened in 2002, by the Anne Klein archives. visual. The store Pucci. Since arriving in New In Brief was shut down two layout resembles York earlier this year, Aurientis years later amid overall chal- a series of smaller rooms, with has been busy combing the Anne lenges in the bridge sector, a little corners that company ex- Klein archives for inspiration, tough downtown retail environ- ecutives call “husband seating and the fi rst fruits of her efforts ● LEIBER NAMES SALES VP: Judith Leiber LLC has named ment after Sept. 11 and a brand areas.” Handbags represent 50 include a collection of hand- Lela Katsune as vice president of sales, a newly created po- that was in flux after Jones percent of the store’s offering, bags featuring an eye-catching sition for the New York-based luxury accessories company.
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