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Swedish Investment Firm Altor Acquires Renewcell

By Christian Chensvold, Associate Editor | June 6, 2024

Cotton-recycling pioneer Renewcell has announced that its remaining assets have been acquired by Altor, an investment firm based in Sweden, and will now be known as Circulose.

Gap Inc. Appoints Chris Blakeslee as Athleta President and CEO

Gap Inc. Appoints Chris Blakeslee as Athleta President and CEO

Gap Inc. has chosen Chris Blakeslee to lead its Athleta brand as the label’s next president and CEO, an appointment that is effective Aug. 7.

Taking Eco Transparency Into Account When Considering Financing

Taking Eco Transparency Into Account When Considering Financing

Ecological and ethical influences have reached every area of fashion and apparel. Abiding by greener apparel guidelines requires brands to remain transparent by revealing each step...

Port of L.A. Receives Infusion of Grants for Infrastructure Upgrades

Port of L.A. Receives Infusion of Grants for Infrastructure Upgrades

Supply-chain woes may disappear like last year’s fashions thanks to a grant injection from state government to improve the Port of Los Angeles...

ITA’s Fashion ‘Road Show’ to Culminate in Dallas

ITA’s Fashion ‘Road Show’ to Culminate in Dallas

“Spaghetti Western” is a term for low-budget cowboy movies made in Italy 50 years ago—several of which became cinematic classics—and now Italy and Texas are joining forces...

Otis College Report on the Creative Economy Holds Hope and Opportunity for L.A.’s Fashion Industry

Otis College Report on the Creative Economy Holds Hope and Opportunity for L.A.’s Fashion Industry

There’s one primary energy that makes everything in the universe work, and that’s creativity. For what is the world but the most amazing and miraculous creation?

What kind of chess game is USTR playing?

What kind of chess game is USTR playing?

It’s World Trade Month—and a great time of reflection for the U.S. Trade Representative, Ambassador Katherine Tai.

As Manufacturers, Retailers, Consumers Enter With Caution, What Will 2023 Bring?

As Manufacturers, Retailers, Consumers Enter With Caution, What Will 2023 Bring?

With lackluster holiday 2022 sales signaling a slowdown in consumer spending on goods, what new challenges can the apparel industry expect, and how can businesses in this sector navigate the resulting economic hurdles?

Republic Business Credit Acquired by Renasant Bank

Republic Business Credit Acquired by Renasant Bank

Renasant Bank closed 2022 with the announcement that it has acquired Republic Business Credit, formally known as Continental Republic Capital, in an all-cash transaction.

NAIER Facilitates Giving for Overstocks and Excess Inventory

NAIER Facilitates Giving for Overstocks and Excess Inventory

’Tis the season for generosity and goodwill, and the National Association for the Exchange of Industrial Resources is a pioneering organization that would be thankful for your excess inventory donations.

Inflation, the Supply Chain and What It Means for Manufacturing

Inflation, the Supply Chain and What It Means for Manufacturing

The three biggest challenges facing the industrial sector today are labor, supply chain and uncertainty of where we are and where we are going, according to panelists at a Nov. 10 webinar hosted by the New York–based U.S. national accounting and advisory firm Marcum LLP.

Downtown Center BID Reports Dynamic Resurgence of Retail

Downtown Center BID Reports Dynamic Resurgence of Retail

Back in school you were probably drawn to math or, well, anything else. But the numbers for downtown Los Angeles are certainly compelling. The district generates $5 billion in annual revenue from 743 businesses per square mile. Over 3 million people visit downtown each year, while 350,000 commute there to work each day, and 85,000 call it home.

Legacy Companies HSBC and Levi’s Team Up for a Sustainable Future

Legacy Companies HSBC and Levi’s Team Up for a Sustainable Future

Both Levi’s and HSBC have histories that go back 150 years, but that hasn’t stopped either from being pioneers in building a sustainable future.

UCLA Anderson Forecast Predicts Slower Growth but Low Unemployment

UCLA Anderson Forecast Predicts Slower Growth but Low Unemployment

California may face the perennial threat of earthquake, but for now there’s no immediate danger of recession, according to a new report by the UCLA Anderson Forecast, one of the nation’s most closely watched and widely cited reports about the state of the U.S. economy.

LAFW Returns With  New Owners and a  New Agenda

LAFW Returns With New Owners and a New Agenda

If you’ve been around long enough, you probably recall the early days of Los Angeles Fashion Week with either a fond smile or a roll of the eyes.

India Presents a Golden Opportunity to the Golden State

India Presents a Golden Opportunity to the Golden State

Business leaders from the fashion to aerospace to medical industries had a rare opportunity for a meet and greet to discuss ideas with Shri Piyush Goyal, the Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Government of India, at an event held at the Delta Hotels by Marriott Anaheim in Garden Grove, Calif., Sept. 10.