Jessica Simpson Hits the Tween Market; Ferragamo Competes With Prada for Valuation

Photo: Toby Canham/Getty Images

Salvatore Ferragamo SpA may try for a higher IPO valuation rating than what Bloomberg describes as their rival Prada’s — 26 to 21 times the company’s respective estimated 2012 profits. [Bloomberg]

• Jessica Simpson will produce a collection targeted at young girls, with help from sister Ashlee. [WWD]

• And Tommy Hilfiger will launch a line of tween sportswear, called Tommy Girl. [WWD]

WWD ran a rumor that Glenda Bailey might be on the outs at Harper’s Bazaar, and it’s gotten a lot of traction. [Fashionologie]

• Terry Richardson shot Lea T for a swimwear campaign. [Made in Brazil Blog]

• James Long, Marques Almeida, and Maarten van der Horst will be the designers showing at London’s Fashion East runway presentation this coming season. [Vogue UK]