Monday, September 21, 2009
Friday, September 18, 2009
Fashion's Night Out: Dealmaker style
Fashion's Night Out, Thursday's global marketing event, was conceived to resuscitate the ailing fashion and beauty retail industry. Stores will be open late and will be hosting all kinds of entertainment including music and giveaways -- all designed to loosen wallets and boost bottom lines.
More than 700 retailers and designers in New York City have signed up to participate, including several that have been active in the deal space, whether in auctions, acquisitions or bankruptcies. Here are a few that caught our eye. (Subscribers to The Deal Pipeline can click on the links below for additional details):
Talbots Inc.
Talbots Inc. on July 2 announced that it had completed the sale of its J. Jill brand to Jill Acquisition LLC, an affiliate of San Francisco private equity firm Golden Gate Capital, for $75 million. Talbots, which bought J. Jill in 2006 for $517 million, announced plans to divest the unit in November as part of a plan to focus on its core business.
Barneys New York Inc.
Barneys New York Inc. may file for bankruptcy or undergo a restructuring process where its owner, Dubai's Istithmar World Capital, could lose control of the high-end retailer, according to reports. Hedge fund Perry Capital LLC has reportedly been approached by Holt Renfrew, the Toronto-based department store chain, about a joint offer for control of Barneys, which continues to review options, the report said.
Fred Leighton Holding Inc.
New York-based Fred Leighton Holding Inc., which specializes in antique jewelry, has been operating under Chapter 11 bankruptcy protection since April 2008, and its coffers are near empty. The company is also embroiled in a legal battle against Merrill Lynch & Co., a creditor.
Escada AG
Escada AG announced Aug. 13 that it had filed for insolvency after it failed to restructure its €200 million ($283 million) in debt. Escada needed 80% of its bondholders to agree to swap their holdings for new securities, but only 46% did so. On Aug. 18, it was reported that a group of investors, including Nickolaus Becker, a former chairman of media company EM.TV AG, is interested in bankrupt Escada's brand, licensing rights, inventory and the store network.
Tiffany & Co.
Tiffany & Co. agreed in May to acquire upscale handbag maker Lambertson Truex LLC for an undisclosed sum.
For more on troubles in the retail sector, see our Retail and Bankruptcy Dealwatch here. Also, go here for a full list of participating retailers and designers in Fashion's Night Out. - Sara Behunek
Source.
Comments:
Well Fashionistas,this is a show of force. Toronto's fahion world becomes always exciting because of what's happening in the fashion world day-in and day-out.
Tuesday, September 15, 2009
South Asia's Generation Next on parade
By SUNIL RAO
It was South Asia's Generation Next out in full force on the GTA stage last weekend, strutting their stuff at the 18th NetIP conference, which underlined the community's dynamic and latent potential as its makes its way in the North American mainstream and into increasing public consciousness.
Close to 1,000 delegates took over the Sheraton Centre Hotel in Downtown Toronto for the three-day conference, as the brightest and most promising upwardly mobile cohort of youngsters highlighted their achievements, networked furiously with each other, discussed, debated and argued the way aheadâ?¦ and along the way found time for a few quick rounds of speed dating as well.
"We had more than 900 registered participants," said Vijay Setlur, a conference organizer.
The hordes comprised in large part delegates from south of the border: upwards of 60 per cent of the participants were from the United States, Setlur estimated.
"They've come from cities all around the US," he added.
The sprinkling of Canadian politicians at the event was overwhelmed by the sheer raw talent and dynamic entrepreneurial energy on display.
"I feel like I've come in just before the heavyweight boxing champ makes his way to the arena - always a hard act to do," said former Ontario Premier and sitting Toronto Centre MP Bob Rae, himself no lightweight on the public stage.
Rae was appearing just before CNN Chief Business Correspondent and Toronto son Ali Velshi took the stage.
The event also featured 28-year-old entrepreneur and America's 'most eligible' Gurbaksh 'G' Chahal, net worth a cool $100 million at least, complete with retinue in tow; marketing maven and business author Rohit Bhargava; New York-based fashion designer Alia Khan; and Dr Vijay Mehta, everyone's favourite 'uncle'.
There were also several Canadian members of Generation Next, more than holding their own against their Southern cousins in the arc-lights: Sanjay Singhal of online rental Simply Audiobooks; online health and beauty store Well.ca chief Ali Asaria; popular 905-area MPs Dr Ruby Dhalla and Navdeep Singh Bains; T-shirt magnate Jas Brar of Entripy Custom Clothing, who discovered a wealth of opportunities in printing T-shirts; and Yog Pranayam proponent Uma Bhalla.
Also conducting operations before- and behind-the-scenes were such familiar Canadian names as MyBindi chief Syerah Virani, Anokhi publisher Raj Girn, CBC journalist Steven D'Souza, and ex-attorney general advisor Ajay Chopra.
Delegates agreed the South Asians' North American immigrant dream is alive and kicking.
'We are entrepreneurial'
"I'm not surprised," DC-based visitor Neil told Focus, when asked to comment on one estimate that had 40 per cent of all new businesses in the US being started by entrepreneurs of South Asian origin. "South Asians are entrepreneurial in nature."
South Asians comprise less than 1.5 per cent of the US population. Indo-Americans are the largest sub-group here, but still add up to less than 1 per cent of the population.
That South Asians are innately entrepreneurial in nature seemed to be the consensus opinion.
Read more...Source.
Comments:
Eventaually, the south asians showing is a manifestation of how Canada is multi-cultured in so many ways.That's good , good example to the whole world.
It was South Asia's Generation Next out in full force on the GTA stage last weekend, strutting their stuff at the 18th NetIP conference, which underlined the community's dynamic and latent potential as its makes its way in the North American mainstream and into increasing public consciousness.
Close to 1,000 delegates took over the Sheraton Centre Hotel in Downtown Toronto for the three-day conference, as the brightest and most promising upwardly mobile cohort of youngsters highlighted their achievements, networked furiously with each other, discussed, debated and argued the way aheadâ?¦ and along the way found time for a few quick rounds of speed dating as well.
"We had more than 900 registered participants," said Vijay Setlur, a conference organizer.
The hordes comprised in large part delegates from south of the border: upwards of 60 per cent of the participants were from the United States, Setlur estimated.
"They've come from cities all around the US," he added.
The sprinkling of Canadian politicians at the event was overwhelmed by the sheer raw talent and dynamic entrepreneurial energy on display.
"I feel like I've come in just before the heavyweight boxing champ makes his way to the arena - always a hard act to do," said former Ontario Premier and sitting Toronto Centre MP Bob Rae, himself no lightweight on the public stage.
Rae was appearing just before CNN Chief Business Correspondent and Toronto son Ali Velshi took the stage.
The event also featured 28-year-old entrepreneur and America's 'most eligible' Gurbaksh 'G' Chahal, net worth a cool $100 million at least, complete with retinue in tow; marketing maven and business author Rohit Bhargava; New York-based fashion designer Alia Khan; and Dr Vijay Mehta, everyone's favourite 'uncle'.
There were also several Canadian members of Generation Next, more than holding their own against their Southern cousins in the arc-lights: Sanjay Singhal of online rental Simply Audiobooks; online health and beauty store Well.ca chief Ali Asaria; popular 905-area MPs Dr Ruby Dhalla and Navdeep Singh Bains; T-shirt magnate Jas Brar of Entripy Custom Clothing, who discovered a wealth of opportunities in printing T-shirts; and Yog Pranayam proponent Uma Bhalla.
Also conducting operations before- and behind-the-scenes were such familiar Canadian names as MyBindi chief Syerah Virani, Anokhi publisher Raj Girn, CBC journalist Steven D'Souza, and ex-attorney general advisor Ajay Chopra.
Delegates agreed the South Asians' North American immigrant dream is alive and kicking.
'We are entrepreneurial'
"I'm not surprised," DC-based visitor Neil told Focus, when asked to comment on one estimate that had 40 per cent of all new businesses in the US being started by entrepreneurs of South Asian origin. "South Asians are entrepreneurial in nature."
South Asians comprise less than 1.5 per cent of the US population. Indo-Americans are the largest sub-group here, but still add up to less than 1 per cent of the population.
That South Asians are innately entrepreneurial in nature seemed to be the consensus opinion.
Read more...Source.
Comments:
Eventaually, the south asians showing is a manifestation of how Canada is multi-cultured in so many ways.That's good , good example to the whole world.
Thursday, September 10, 2009
Hello and Welcome
We will be updating you about anything and everything about the Fashion Marketing in Toronto and neighboring cities....
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