HAUTE OFF THE PRESS: 12.21.14
- Breaking up is hard to do. New York Fashion Week is leaving Lincoln Center after this upcoming February's Fashion Week. NYFW isn't leaving for a reason you might think. Community groups filed a complaint in May 2013 arguing that the event's insular nature violated public land use laws. A judge approved a pretrial settlement booting Fashion Week out of Lincoln Center. While IMG Fashion (the company that owns and produces Fashion Week) searches for a new venue, Lincoln Center will be turned into a park again. [AP]
- In "news that will devastate my 13 year-old self," teen clothing retailer Delia's has filed for Chapter 11 bankruptcy protection. The retailer struggled thanks to stagnate mall traffic and slow website orders. Delia's will liquidate all merchandise after failing to find a buyer. RIP inflatable chairs and butterfly clips. [Bloomberg]
- Bigger Capital Fund, an American Apparel, Inc. investor, is demanding to see documents surrounding the ouster of founder and CEO Dov Charney. Bigger Capital's biggest complaint is the board's failure to disclose its plans to remove Charney before the shareholders voted for directors on June 18. The announcement was not made until after the shareholder meeting. [BOF]
- Estée Lauder, the New York cosmetics company which is home to brands Clinique, Bobbi Brown, and Origins, is buying high-end skin care brand GlamGlow for an undisclosed amount. [WSJ]
image source: Tommy Ton