Today's News

November 23, 2010 BY CAPSULESNEWS

J. Crew Group Inc. has inked a $3 billion deal to be acquired by TPG Capital and Leonard Green & Partners. The private equity firms will pay $43.50 cash for each share of retailera 15.5 percent premium over Mondays closing price. Millard Mickey Drexler, chairman and chief executive officer, will remain with the firm and maintain a significant equity stake in the company... Word that a deal might be coming sent shares of the company up 17.5 percent to $44.25 in pre-market trading Tuesday. The New York Stock Exchage halted trading pending news from the company. (WWD)

Facebooks new message platform breaks down the wall between email and social media with the potential to reap significant rewards for luxury marketers who can master the ecosystem. Because luxury brands rely on word-of-mouth, and because social media can provide a more personal touch compared to other more unidirectional modes of communication, Facebook presents valuable opportunities to build brand cachet. The social networks messaging updates create new promotional opportunities on the platform, and at the same time represent an inflection point in the history of direct marketing strategy. (ThreadMe)

Talk to any apparel insider about the challenges the industry faces today and one word is very likely to come up: Cotton. On the heels of the general financial meltdown and what appears to be an economic recovery still very much in progress has come another poorly timed hindrance, the highest cotton prices in almost 15 years. (ApparelInsiders)