Today’s top fashion headlines…
Something Navy’s $1 deal with IHL Group
The Arielle Charnas-founded Something Navy is close to reaching a deal with IHL Group to be sold for (not a typo) $1. IHL Group — which counts Jason Wu, Aeropostale, Tahari, BCBGmaxazria and BCBG Generation in its portfolio — and boutique developer Amirian Group would assume $7.5 million in liabilities. Charnas would give control of the brand up but serve as a brand ambassador. According to WWD, she and the brand’s original investors would also each retain a 14.5 percent stake in the company.
Kristina O’Neill to head Sotheby’s Media
Former WSJ. editor in
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