THE BIZ: J. Crew Deal Not Going Down Smoothly | Will Barney's Keep Its Cool?...

• The J. Crew transition to TGP Capital and Green & Partners LP is not going down smoothly. Current J. Crew shares remain above the offering price, and J. Crew isn’t obliged to make a move until January 15, meaning the company can solicit other offers or seek a bigger bid from TGP. (WWD)

• Now that the news has broken that Barney’s is making management changes, some wonder if the retailer will remain calm amidst the transition and difficult economic times. (NYT)

• Further discussions in the ongoing power struggle between LVMH and Hermès. Some hypothesize LVMH and Bernard Arnault will slowly seek to gain power of family-owned Hermès. (WWD)

• The Supreme Court denies the appeal of Tiffany & Co to hear a claim that eBay is endorsing counterfeit products of the jeweler. A rundown of the affairs with commentary by a New York legal expert. (Luxury Daily)

• Gilt Groupe plans to open its new men’s shop in July; the Internet retailer has seen tremendous success and believes it can capitalize on the typical man’s shopping habits. (NY Mag)

• Claire’s increases profits 26.2 in third-quarter, generating profits of $3.6 million up from $2.9 million this time last year. (WWD) 

• AllSaints has opened a pop-up store to take advantage of increased Holiday shopping opportunities. Here’s a look at the new store via slideshow. (NY Mag)

• Mart retailers across the country have seen improved sales in 2010, but no one is sure if the momentum will carry into 2011. Marts go back to the basics: products, service, marketing and optimism. (WWD)