Karl Lagerfeld Launches Childrenswear, Permira Cuts Stake in Hugo Boss

And a 20-day shutdown of West Coast ports could cost the U.S. economy $2.5 billion.
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And a 20-day shutdown of West Coast ports could cost the U.S. economy $2.5 billion.
Please stop looking at us like that. It's creepy. Photo: Mert & Marcus

Please stop looking at us like that. It's creepy. Photo: Mert & Marcus

In what may be W magazine's creepiest editorial to date, models Anna Ewers, Molly Bair, Lara Stone and Guinevere Van Seenus step into a living nightmare for Mert & Marcus. {Fashion Copious}

Karl Lagerfeld is expanding into the 16 and under market with a signature kids' collection for boys and girls. The line will debut in spring 2016, and will also include a range of accessories in addition to clothes. We're betting that little North West will be all over that collection. {WWD}

After a slow fourth quarter, Permira has reduced its stake in Hugo Boss from 32 percent to 14 percent. Permira has placed at least 7.35 million shares (or about 10.4 percent of its share capital) on the market, having become the majority shareholder in the German brand in 2007. {WWD}

According to a study cited by Sen. Deb Fischer, a 20-day shutdown in West Coast ports — the result of the impasse between Pacific Maritime Association and International Longshore and Warehouse Union — could cost the U.S. economy $2.5 billion a day and disrupt 405,000 jobs. {WWD}

Homepage Photo: Victor Boyko/Getty Images