By Tyler Shultz | June 16, 2022
With the continuing rise of thrifting and secondhand clothing, the apparel-rental market has seen growth as more consumers look for innovative ways to shop sustainable and reduce the amount of clothing produced.
Republic Business Credit has provided another company with the funds it needs to not only succeed but also grow.
For this edition of our recurring Industry Focus: Finance feature, we asked leading figures who cater to the apparel industry a simple question:
If you were lucky enough to have lived through the last great decade to be a teenager—the ’80s, of course—then you surely remember the colors.
Otis College of Art and Design in collaboration with economic-research and planning firm CVL Economics has released the “2022 Otis College Report on the Creative Economy,” which shows jobs in California’s creative industries have bounced back in a big way after initial numbers during the pandemic showed creative industries being hit among the hardest.
G-III Apparel Group, Ltd. has agreed to acquire the remaining 81 percent stake in Karl Lagerfeld for $210 million in cash, making G-III the sole owner of the company.
The Fabricant, a decentralized digital fashion house that operates at the intersection of fashion, gaming and blockchain, has announced a Series A round of financing led by Greenfield One, an early-stage crypto fund, with additional participation from Red DAO, Sfermion, and Ashton Kutcher and Guy Oseary’s Sound Ventures, among others.
As e-commerce continues to rise and be a significant portion of how the apparel industry does business, many companies are looking for new and innovative ways to transition their accounting processes to be more digital.
The National Retail Federation held its second annual State of Retail & the Consumer virtual event on March 15, which explored the American consumer and key behavior trends that developed during the pandemic and its aftermath.
CIT, a division of First Citizens Bank, has announced a reorganization of its Commercial Services factoring business.
According to the Winter 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, all California real-estate sectors are experiencing positive growth despite still recovering from the pandemic-related recession.
First Citizens BancShares Inc. has merged with CIT Group Inc., creating a top-20 U.S. financial institution and the largest family-controlled bank in the nation.
International Market Centers announced that it has acquired Shoppe Object, a design-focused home and lifestyle trade show and its Shoppe Online B2B e-commerce platform.
Industry Focus: Finance—As the world navigates through the COVID-19 pandemic’s new variants, what advice would you offer to apparel professionals?
While a new year has begun, many challenges that were experienced during 2021 remain. The COVID-19 pandemic continues to impact the world as new variants of the virus develop.
Celebrating his brand’s 40th anniversary, designer Allen Schwartz announced the acquisition of his Los Angeles label by New York–headquartered Five Oak Brand Management Advisors.