EXCLUSIVE: Sonia Rykiel Splits With Julie de Libran, Seeks New Investor

PARIS – Creative director Julie de Libran has left Sonia Rykiel, as the French fashion house known for its striped knits looks for a new investor, WWD has learned.
“The house confirms the departure of Julie de Libran,” a spokesman for Rykiel said on Thursday, adding that the label’s management was mulling over the organization of the design studio. “The house is not for sale. It is looking for a partner to enter its capital in order to increase its development,” the spokesman added.
De Libran, who joined Rykiel in 2014, showed her last collection for the label in a showroom presentation during Paris Fashion Week, having skipped the runway this season after a banner 50th anniversary year that culminated in an outdoor fashion show last September on the newly christened Allée Sonia Rykiel in Paris.
Her departure comes amid steadily declining revenues at the loss-making house, whose founder died in 2016. In recent years, it has been hit hard by the successive impact of the Russian financial crisis, the slowdown in consumer spending in Asia and the impact of terrorist attacks on tourism to Paris and the rest of Europe.
One source estimated that revenues at Sonia Rykiel are down to between 20

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Activist Investor Questions Perry Ellis Acquisition Deal

The battle for Perry Ellis International might be heating up again.
On Thursday, Water Island Capital disclosed a 5.5 percent ownership stake in the company and in a Securities and Exchange Commission filing said it “does not believe that the merger consideration” by Feldenkreis Holdings LLC “represents fair value to the Issuer’s shareholders.” It went on to say that it is “considering various options and remedies to maximize the value of its shares in connection with the merger.”
As reported, in mid-August, the Perry Ellis Special Committee ended discussions with Randa Accessories which had submitted a higher $ 444 million offer for the company and reiterated a commitment to a $ 437 million transaction it inked with former chief executive officer George Feldenkreis to take the company private. Randa had offered $ 28.90 a share to Feldenkreis’ $ 27.50.
The special committee said the decision was a response to news that an inbound licensor would not approve a change in control of the license to Randa should it buy the company. It said the inbound licensor was the company’s largest, leaving speculation that it was Nike Inc., which has a business with Perry Ellis valued at more than $ 100 million.
Randa’s expertise is in accessories while Perry Ellis manufactures

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Crypto investor: How hackers used my phone number to steal $23.8 million

Crypto investor: How hackers used my phone number to steal $  23.8 millionHackers managed to steal nearly $ 24 million in cryptocurrency using a stolen phone number.



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The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.
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The Conference Call That Shook Investor Faith in Facebook

Comments about revenue growth, monetizing Instagram Stories and the impact of new privacy laws during the earnings conference call hit Facebook’s shares.
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Knot Standard Gets New Investor

Knot Standard has gotten another infusion.
The New York-based custom men’s brand has received what it characterized as “a significant minority investment” from Provenance, a growth equity investment firm based in Los Angeles. Terms were not disclosed.
In 2015, the brand received a similar investment from Traub Associates.
Founded in 2010, Knot Standard currently operates showrooms in seven cities across the country and said it will use the investment to add showrooms in other markets around the country.
“Knot Standard created an extraordinarily loyal and valuable customer following in the premium/luxury segment of custom men’s apparel, with a true omnichannel system and culture,” said Anthony Choe, founder of Provenance. “We’re proud to partner with the company to replicate their success in other markets throughout the country.”
John Ballay, chief executive officer and cofounder of Knot Standard, said, “Provenance brings tremendous insight as we embark on the next level of growth. Their approach to create value through customer analytics is unparalleled in the investment community.”
“Provenance is a value-added investor and really understands our business and brand,” added Matthew Mueller, Knot Standard’s chief operating officer and cofounder. “We look forward to our continued fruitful partnership for years to come.”
Ballay said that in addition to new markets, the

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Unilever, Nestlé Test Investor Patience With Slower Sales

Two of the world’s biggest consumer goods companies—both caught in investors’ crosshairs—reported another round of weak sales, ratcheting up pressure to accelerate promised turnarounds.
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Uber’s Kalanick Fires Back at Investor in Legal Battle

Uber’s former chief executive said Benchmark Capital is engaged in a personal attack that threatens to further damage the company and called for the legal dispute to be settled in arbitration.
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Uber’s Kalanick Fires Back at Investor in Legal Battle

Uber’s former chief executive said Benchmark Capital is engaged in a personal attack that threatens to further damage the company and called for the legal dispute to be settled in arbitration.
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Uber Founder Kalanick Is Obstacle in CEO Search, Says Investor Benchmark

Days after it sued Uber’s former chief executive, investor Benchmark Capital sent a letter to the ride-hailing company’s employees saying it took action to prevent him from undermining the search for his replacement.
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Investor Benchmark Capital Sues Uber Ex-CEO Kalanick

One of Uber’s largest shareholders alleges Travis Kalanick defrauded directors into giving him more control over the board.
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Avon CEO to Step Down Amid Activist Investor Pressure

Avon said that Chief Executive Sheri McCoy will resign in March, as the company faces pressure from activist investors to make faster progress on its corporate turnaround plan.
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Arconic Ousts CEO Kleinfeld After Pressure From Activist Investor

Arconic said Klaus Kleinfeld has been replaced as chairman and chief executive officer of the company, an abrupt departure following heavy pressure from activist investor Elliott Management.
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BHP Billiton Urged by Activist Investor to Shed U.S. Oil Operations

Activist investor Elliott Management urged BHP Billiton to spin off its large U.S. petroleum assets and outlined a significant restructuring plan for the world’s largest listed miner.
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Tesla, on a Hot Streak, Passes Ford in Investor Value

The upstart Silicon Valley electric-car maker run by Elon Musk has overtaken Ford as the second-largest U.S. auto maker by stock-market value.
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Tesla, on a Hot Streak, Passes Ford in Investor Value

The upstart Silicon Valley electric-car maker run by Elon Musk has overtaken Ford as the second-largest U.S. auto maker by stock-market value.
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Luke Wilson Links With Criquet as Investor and Brand Ambassador

Luke Wilson is taking a laid-back approach to celebrity branding in the fashion business.
Known for his affable, easygoing persona on the big screen in movies such as “Old School,” “Anchorman: The Legend of Ron Burgundy” and “The Royal Tenenbaums,” the actor has linked with Criquet, a golf apparel line based in Austin, Tex., as a minority investor and brand ambassador. Following in the footsteps of Pharrell Williams at G-Star Raw and Miranda Kerr at Kora Organics, he’s the latest celebrity to go beyond being the face of a brand.
The 45-year-old Texas native, who is an avid golfer, has become accustomed to his new role. Last June, he pulled the black polo shirt that Criquet first gave him in 2011 to wear on national television in an interview with “The Today Show.” Three months later, at New York Fashion Week, he sported a striped version from the company at a dinner hosted by Grace Coddington and Calvin Klein.
“We like to say our shirt is a high-performance shirt for the 19th hole, whether it is a bar or a place where you’re most at ease with your friends,” said Hobson Brown, Criquet’s cofounder, who also heads marketing.
While fashion designers may chuckle at

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Outgoing Canadian Pacific CEO and Activist Investor to Target CSX

Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is joining with an activist investor in an attempt to shake up management at rival railroad CSX.
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Ashton Kutcher’s Los Angeles Guide: Airbnb Investor Shares His Favorite Haunts on App

Ashton Kutcher has added another job to his diverse resumé: travel guide.

Well, virtual travel guide, anyway. The 38-year-old actor has shared his favorite Los Angeles gems on Airbnb’s newly launched “Places” section, which allows locals to curate their town’s hot spots for Airbnb visitors. Kutcher, who spoke at this weekend’s Airbnb Open and was interrupted by a protestor, is one of the first celebs to share his must-visit list. Here are his picks for places to eat, play and score free popcorn in the City of Angels.

Comoncy Beverly Hills
“I love this counter-service place for a quick family breakfast. They serve Equator coffee, by far the best cup in town. Get the avocado toast—olive bread with avocado and two poached eggs on top.”

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Travel Town Museum
“This is a great museum in Griffith Park where you can take the kids to check out old steam trains, go on a train ride, and explore LA’s past. And it’s free—you just pay if you want to ride the train.”

Skirball Center
“Inside this cultural center, there’s a room-sized Noah’s Ark where kids can load handmade wooden animals and climb through rope tunnels. It’s a perfect fun house, with activities, music, and stories.”

WATCH THIS: Mila Kunis and Ashton Kutcher Enjoy a Date Night Cheering on the Dodgers

 

Santa Monica Pier Aquarium
“This is a little hidden gem. It’s nothing fancy but is a good 30 minutes of entertainment—kids can touch the starfish and sea urchins. And every species is from Santa Monica Bay.”

Los Angeles County Museum of Art
“Activities for kids and amazing art and culture for everyone—they have classes and even a special gallery for children and families. Anyone under 18 can become a member for free.”

 

Lake Hollywood Reservoir
“A super simple hike that’s flat and easy for everyone but still gives you a cool view of the Hollywood sign and Mulholland Dam.”

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Sweet Rose Creamery Brentwood
“They have awesome seasonal flavors that are always changing, and they use quality ingredients. They have a nice contained patio, too.”

 

iPic Theaters Westwood
“Take in a movie and dinner in one fell swoop with kid-friendly food, easy service, and adult beverages. It’s worth it to get the premium plus seats — they’re comfy and you get free popcorn.”

Rocket Fizz Westwood
“Kids love a great candy store, and so do I. Here, you can get your sugar high with all the variety in the world. They have a lot of entertaining gag gifts to keep you busy, too.”

Kutcher, who is an investor in the tech company, also admitted over the weekend that he lived in Airbnbs for a year after his divorce from ex-wife Demi Moore. Although he’s no longer house-hopping, he’s still passionate about expanding the hospitality brand’s growing list of features, including “Places,” “Experiences,” and further down the line, “Services,” and “Flights.”


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