Seems like we just reported that J. Crew was set to be sold to Fast Retailing, the Japanese company that owns Uniqlo, but it now seems those talks have ended as Fast Retailing was apparently unwilling to pay the $5 billion dollar price tag and therefore will not acquire J. Crew. But according to the Wall Street Journal, the fact that these discussions were in place is a clear indication that J. Crew is ready to go public, even without Fast Retailing. This "dual-track process" means the company is preparing for an IPO (initial public offering) on its own, while also talking to potential buyers about an acquisition. In other words, whether or not another company buys it, J. Crew is going public soon.
Athletic brand Adidas is having quite an impression on the fashion world--last month every fashion editor, their assistant, and their assistant's assistant was rocking the recently reissued Adidas Stan Smith sneakers at Fashion Weeks around the world--so it makes sense that a collaboration with fashion retailer Topshop has just launched. The 20-piece collection features classic Adidas gear (think track suits, tees, and sneakers) but re-imagined with new fabrics and slimmer, more modern cuts. "We wanted to bring some femininity to the range and make the collection fit with all your fashion staples," stated Topshop Creative Director Kate Phelan. "whether you want to wear as a fashion garment or a performance garment the beauty is in how you combine it together." Prices for the collection range from $40 to $150. Look for Topshop for Adidas Originals in all Topshop stores, as well as Topshop.com and Nordstrom.com.
Street style and street style documentation (e.g. The Sartorialist) are an increasingly important cog in the fashion machine, so it was really just a matter of time before some genius developed an app that can allow fashion aficianados to shop the styles they encounter on the streets. ASAP54 is that application. The shopping app, from Daniela Cecilio, former CEO of Farfetch.com, lets you take a pic of whatever fabulous must-have you spot on the street, in a cafe, on the train, wherever, then it uses image recognition technology to search its database for similar pieces. You can filter by brand (there are over 150 retailers), price, and color. Currently the London-based company has made an iPhone version only, but plans to roll out the Android version later this month.