BLUESTAR BUYS LIZ LANGE/2 MAGS 2007 AD PAGE NUMBERS/13 Women’sWWD Wear Daily • The Retailers’ DailyFRIDAY Newspaper • November 16, 2007 • $2.00 Beauty Young at Heart With its new patent-pending “youth molecule,” Estée Lauder has come up with the latest weapon in the battle against aging. The new ingredient, Resveratrate, powers Ultimate Youth Creme, the most recent addition to Lauder’s venerable Re-Nutriv franchise. Sources estimate that it could do $7 million at retail in its fi rst year on counter. For more, see page 6. More Warning Bells: Penney’s, Kohl’s Add to Holiday Anxiety By Arthur Zaczkiewicz gross margin rates, J.C. Penney trends, J.C. Penney lowered its acroeconomic forces Co. Inc. posted a 9.1 percent decline fourth-quarter earnings outlook Mare taking a big toll on in third-quarter earnings on softer and Kohl’s dropped its full-year Y MEGAN MCINTYRE consumers, with J.C. Penney and sales, while Kohl’s Corp. delivered earnings per share estimate. This Kohl’s being the latest victims of a third-quarter profits that fell 13.6 followed prior warnings from weaker spending environment. percent, but on higher sales. Macy’s Inc., Polo Ralph Lauren Hampered by softer sales and Due to the lackluster sales See Penney’s, Page 12 PHOTO BY JOHN AQUINO; STYLED B PHOTO BY 2 WWD, FRIDAY, NOVEMBER 16, 2007 WWD.COM Liz Lange Sold to Bluestar By Vicki M. Young signer maternity line. Industry sources estimate WWDFRIDAY and Lisa Lockwood Lange’s business generates $200 Beauty million in revenues, includ- NEW YORK — Liz Lange, the ing licensees. The designer has GENERAL 10-year-old designer maternity been eager to strike a deal with Macroeconomic forces are taking their toll on consumer spending, with J.C. company, has a new parent. a private equity fi rm for several Penney and Kohl’s the latest victims of a weaker spending environment. The company was sold years to aggressively expand 1 Thursday night to Bluestar both her product line and free- Nike has signed a defi nitive agreement to sell Starter, its licensed league Alliance for an estimated $50 standing stores. Sources said 4 apparel division, to Iconix Brand Group for $60 million in cash. to $60 million, industry sources Lange plans to close her existing Jennifer Lopez and Yamamay have forged a licensing pact to launch a said. stores in the fi rst half of 2008, high-end intimates line. Bluestar, led by Ralph Gindi and re-open in new locations 5 and Joey Gabbay, recently pur- later in the year and in 2009 BEAUTY: Kate Winslet talks openly about her role as the face of chased Ron Chereskin, the men’s with expanded product assort- 7 Lancôme’s venerable Trésor franchise. apparel brand. Bluestar also ments for mothers and babies. My Voyage for Her, Nautica’s new fragrance, sets sail at Dillard’s, with owns Wellington Capital Group, She also expects to branch into other stores to follow in January. where Gabbay is president. women’s ready-to-wear. 10 Wellington last year acquired The author of “Liz Lange’s Classifi ed Advertisements.............................................................15 the Harvé Benard brand. Maternity Style: How to Look Neither Liz Lange nor Fabulous During the Most To e-mail reporters and editors at WWD, the address is fi rstname. Bluestar executives could be Fashion-Challenged Time,” [email protected], using the individual’s name. reached for comment. Lange also has collaborated WWD IS A REGISTERED TRADEMARK OF ADVANCE MAGAZINE PUBLISHERS INC. COPYRIGHT Lange, who started her fi rm with Nikon on a limited edition ©2007 FAIRCHILD FASHION GROUP. ALL RIGHTS RESERVED. PRINTED IN THE U.S.A. in 1997 offering stylish, well- Liz Lange camera. VOLUME 194, NO. 106. WWD (ISSN 0149–5380) is published daily (except Saturdays, Sundays and holidays, with one made maternity clothes, struck In a speech last year to the additional issue in January and December, two additional issues in March, May, June, August, October and, November, and three additional issues in February, April, and September) by Fairchild Fashion Group, which is a division of Advance a chord with celebrities such fashion industry, Lange recalled Magazine Publishers Inc. PRINCIPAL OFFICE: 750 Third Avenue, New York, NY 10017. Shared Services provided by as Gwyneth Paltrow and Sarah that she faced opposition from Condé Nast Publications: S. I. Newhouse, Jr., Chairman; Charles H. Townsend, President/CEO; John W. Bellando, Executive Jessica Parker, as well as regu- retailers in launching her busi- Vice President/COO; Debi Chirichella Sabino, Senior Vice President/CFO; Jill Bright, Executive Vice President/Human lar moms. The company oper- ness. One told her women didn’t Resources. Periodicals postage paid at New York, NY, and at additional mailing offi ces. Canada Post Publications Mail Agreement No. 40644503. Canadian Goods and Services Tax Registration No. 886549096-RT0001. Canada Post: return ates three freestanding stores care about their appearance undeliverable Canadian addresses to: P.O. Box 503, RPO West Beaver Cre, Rich-Hill, ON L4B 4R6 POSTMASTER: on Madison Avenue here, North Liz Lange during pregnancy because it SEND ADDRESS CHANGES TO WOMEN’S WEAR DAILY, P.O. Box 15008, North Hollywood, CA Beverly Drive in Beverly Hills only lasted nine months. 91615–5008. FOR SUBSCRIPTIONS, ADDRESS CHANGES, ADJUSTMENTS, OR BACK ISSUE and in Greenvale, N.Y. It also The next year, she signed an ex- “No matter what anyone says, INQUIRIES: Please write to WWD, P.O. Box 15008, North Hollywood, CA 91615-5008, call 800-289-0273, or visit www.subnow.com/wd. Please give both new and old addresses as printed on most recent label. First copy of new has an e-commerce Web site. clusive agreement with Target if you think you have a good subscription will be mailed within four weeks after receipt of order. Address all editorial, business, and production In 2001, Lange joined with Corp. for a less-expensive ma- idea, you probably do…don’t let correspondence to WOMEN’S WEAR DAILY, 750 Third Avenue, New York, NY 10017. For permissions and reprint requests, Nike to produce an exclusive ternity line while continuing anyone tell you it can’t be done,” please call 212-630-4274 or fax requests to 212-630-4280. Visit us online at www.wwd.com. To subscribe to other line of maternity athletic wear. upscale distribution of her de- she told the group. Fairchild magazines on the World Wide Web, visit www.fairchildpub.com. Occasionally, we make 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, please advise us at P.O. Box 15008, North Hollywood, CA 91615-5008 or call 800-289-0273. WOMEN’S WEAR DAILY IS NOT RESPONSIBLE FOR THE RETURN OR LOSS OF, OR FOR DAMAGE OR ANY OTHER INJURY TO, UNSOLICITED MANUSCRIPTS, UNSOLICITED ART WORK (INCLUDING, BUT NOT LIMITED TO, DRAWINGS, PHOTOGRAPHS, AND TRANSPARENCIES), OR ANY OTHER UNSOLICITED MATERIALS. THOSE SUBMITTING MANUSCRIPTS, PHOTOGRAPHS, ART WORK, OR OTHER MATERIALS FOR CFDA Fund Awards Rogan Gregory Top Prize CONSIDERATION SHOULD NOT SEND ORIGINALS, UNLESS SPECIFICALLY REQUESTED TO DO SO BY WOMEN’S WEAR DAILY IN WRITING. MANUSCRIPTS, PHOTOGRAPHS, AND OTHER MATERIALS SUBMITTED MUST BE ACCOMPANIED BY By Marc Karimzadeh business mentors. Runners-up include Derek Lam A SELF-ADDRESSED STAMPED ENVELOPE. The winners were announced and Thom Browne, Rodarte’s NEW YORK — Three up-and- Thursday at the 7th on Sale gala Laura and Kate Mulleavy and coming designers just got a sub- in the 69th Regiment Armory Thakoon Panichgul for Thakoon. stantial boost. here, which benefi ted the CFDA/ The finalists, whittled Quote of the Week Rogan Gregory of Rogan Vogue Initiative for HIV/AIDS. down from 101 applica- has received the CFDA/Vogue This is the fourth edition of the tions, were: Scott Sternberg Fashion Fund Award, pocketing fund, which has grown to be- of Band of Outsiders, Erin $200,000 and a year of mentoring come a key facilitator of careers Fetherston, Gabriel Asfour, “For 45 years, everyone thinks I love from an industry executive. The in fashion design. Angela Donhauser and Adi runners-up were Phillip Lim of The previous winners are Gil of Threeasfour, Nunthirat parties and to go out. It’s all wrong. I 3.1 Phillip Lim and jewelry de- Doo-Ri Chung, Trovata and Koi Suwannagate of Koi, Lisa signer Philip Crangi, who each Proenza Schouler’s Lazaro Mayock and Sophie Buhai of love to stay home.’’ will receive $50,000, as well as Hernandez and Jack McCollough. Vena Cava, Michael Bastian and Victoria Bartlett of VPL. — Valentino The selection committee con- sisted of CFDA president Diane von Furstenberg, executive di- rector Steven Kolb and associ- ate director Lisa Smilor; Vogue In Brief editor in chief Anna Wintour and fashion news director Sally ● PANEL WARNS ON CHINA TRADE: The U.S.-China Singer; Barneys New York vice Economic and Security Review Commission, a congressional president and fashion direc- advisory panel, said in a report Thursday that China’s trade tor Julie Gilhart; Jeffrey presi- relationship with the U.S. is “severely out of balance.” Among dent Jeffrey Kalinsky; Theory the 42 recommendations: Congress should enact legislation president and founder Andrew imposing punitive duties on Chinese imports through U.S. Rosen; Coach president and ex- trade remedy law; the Bush administration should bring a ecutive creative director Reed World Trade Organization case against China for manipulat- Krakoff, and Gap executive ing its currency, and requiring U.S. companies to report to the vice president of design Patrick Commerce Department their receipt of any economic subsidy Robinson.