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Sunday, 1 December 2019
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Destination Maternity Gets $50 Million Stalking Horse Bid from Marquee Brands

Bankrupt retailer Destination Maternity has received a $50 million stalking horse bid from Marquee Brands, subject to a higher bid at bankruptcy auction. Marquee Brands is owned by Neuberger Berman, an employee-owned investment manager. Marquee Brands and a joint venture composed of Hilco Merchant Resources, L.L.C. and Gordon Brothers Retail Partners, L.L.C. entered  into an asset purchase agreement, whereby they propose to purchase Destination Maternity’s e-commerce business, intellectual property, store-in-store operations and the right to designate the sale of certain inventory and related assets, according to a filing in U.S. Bankruptcy Court in Wilmington, Del. The agreement provides for the buyer to sell or otherwise designate the disposition of inventory, fixtures and equipment and the designated assets through store closing sales at the 235 stores where closing sales are not already in process, and will oversee the wind down of Destination Maternity’s leased stores. In the event Destination Maternity completes an alternative transaction, there is a break up fee equal to 3.5 percent of the purchase price of $1.75 million, and a provision for reimbursement of reasonable and documented fees and expenses not to exceed $750,000, according to the filing. Greenhill & Co., the retailer’s investment bank, will continue to market the assets and solicit other

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Bottega Veneta Supports Restoration of Venice’s St Mark’s Basilica

MILAN – Following the flood in Venice earlier this month that damaged heritage sites, storied hotels and stores, Bottega Veneta has decided to help safeguard one of the city’s most famous landmarks. Teaming up with non-for-profit organization Venetian Heritage, the Italian luxury label will support the restoration of the  mosaic floors and the multi-color marble walls of St Mark’s Basilica. Until Dec. 29 at the brand’s Italian boutiques and Italian e-store, 30 percent of proceeds from the sale of four bag styles – BV Classic, Marie, BV Angle and Arco – will be destined for restoration works of the world-famous cathedral. Bottega Veneta creative director Daniel Lee  Courtesy Photo “Bottega Veneta’s identity is deeply linked with the Veneto region,” said Bottega Veneta chief executive officer Leo Rongone, referring to the fact that the brand was founded in Vicenza, a one-hour drive from Venice. “Venice represents the quintessence of this territory’s heritage and we express our commitment to the preservation of one of its most representative symbols.” “We are proud to contribute to the restoration of St. Mark’s Basilica, one of the most important and inspiration landmarks of the city of Venice,” added Bottega Veneta creative director Daniel Lee. “As a company, we are deeply involved in

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Is Salman Khan prepping for Dabangg 4 already?

Salman Khan launched the song ‘Munna Badnaam Hua’ from his upcoming film, Dabangg 3 yesterday. Obviously the song is extremely groovy and catchy, Salman Khan had a great time while the shoot. At the song launch yesterday, Salman Khan spoke about a lot of things and even praised the Millennial Munni, Warina Hussain and his debutant co-star, Saiee Manjrekar.

Is Salman Khan prepping for Dabangg 4 already

When the host said that the Dabangg 3 has been in the news for quite a long time, Salman Khan gave a witty answer. He said, “We stopped talking about Dabangg 3 much before we started shooting. We started talking about Dabangg 4.”

When the host asked if it was an official announcement, Salman said, “We’ve only recently announced Radhe, then there might be something else. Only after that, we will think about Dabangg 4.”

There’s still hope for Dabangg 4 even though Salman or the team has not confirmed anything regarding the same. Here’s another reason for the fans to be excited for Dabangg 3!

Also Read: Dabangg 3: Salman Khan says, “Saiee does not do anything she’s not supposed to”



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EXCLUSIVE: Shawn Stussy Is Back in the Game With Dior Collaboration

PARIS — Kim Jones is hitting Miami with his Dior pre-fall men’s collection as the city gears up for Art Basel Miami Beach, a highlight of the year for artists and collectors. But the designer is breaking with recent tradition by collaborating not with a fine artist, but a man equally famous for his distinctive penmanship: Shawn Stussy. The founder of the Stüssy brand, whose signature first appeared on his handcrafted surfboards before becoming one of the world’s most recognizable clothing logos, has been largely absent from the fashion scene since leaving the brand in 1996, with the exception of a brief return under the S/Double label a few years ago. But Jones, a fan since his teenage years, had no trouble coaxing the streetwear pioneer out of retirement. “There wasn’t much luring,” Stussy said at Dior’s headquarters in Paris. “I was just in a good place in my adventure, and he’s in a good place, and the stars just seemed to kind of line up. And if I’m going to come out for a last hurrah, why not with Dior? That’s the way I look at it. It’s the very top of the top. I have nothing but respect.” Kim Jones and Shawn

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Twinkle Khanna's grandmother Betty Kapadia passes away, Akshay Kumar & family keep funeral a private affair

Veteran actor Dimple Kapadia’s mother Betty Kapadia, who recently celebrated her 80th birthday, passed away on Saturday in Mumbai. The family chose to keep the funeral private with family and close friends in attendance.

Twinkle Khanna's grandmother Betty Kapadia passes away, Akshay Kumar & family keep funeral a private affair

On Sunday, Akshay Kumar, Twinkle Khanna, and Dimple Kapadia were snapped by the paparazzi at the funeral. Also seen at the funeral were Sunny Deol and Rishi Kapoor.

Twinkle Khanna, Akshay Kumar, and family had celebrated Betty Kapadia's 80th birthday in Lonavala in October. Sharing the pictures, Twinkle had written, “Grandmother’s 80th with family, friends and loads of laughter #ShilimDiaries.”

Betty Kapadia was married Gujarati entrepreneur Chunnibhai Kapadia and they had four children — Dimple and Simple Kapadia, Reem and Munna.

ALSO READ: Sooryavanshi: Akshay Kumar wraps up Rohit Shetty's film with action packed last scene



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