FINANCE
Inventory Doesn’t Age Like Fine Wine and Other Financial Wisdom
By Christian Chensvold, Associate Editor | August 24, 2023
Fashion never stands still—in fact, nothing in the world does. And the best-designed garments sitting in a warehouse are like flowers blooming where they can’t be seen, their life cycle fading in the dark.
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.
MAFI Award Returns After Two-Year Hiatus
Los Angeles is an award-winning city—as in it’s full of people who are constantly winning awards for something—and not just in Hollywood but also the fashion industry. And now, after a two-year pandemic hiatus, the Moss Adams Fashion Innovator Award is back and will help kick off Los Angeles Fashion Week on Oct. 6 at Lighthouse, a venue perfectly situated in the heart of the awards-giving epicenter of Hollywood.
Leading Internet Retailer Spiraledge Secures $8 Million Loan From RBC
Republic Business Credit has provided another company with the funds it needs to not only succeed but also grow.
Industry Focus: Finance - Financial Experts Weigh In on the Economy and Next Steps
For this edition of our recurring Industry Focus: Finance feature, we asked leading figures who cater to the apparel industry a simple question:
Quiksilver and Netflix ‘Stranger Things’ Collection Rolls Out
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.
Taelor Poised to Expand With Recent Round of Pre-seed Funding
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.
Otis College Releases 2022 Report on Creative Economy in California
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 to Purchase Karl Lagerfeld Brand
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.
Digital Fashion House The Fabricant Raises $14 Million in Series A Funding Round
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.
Balance Aims to Simplify B2B Payments
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.
NRF Holds State of Retail and Consumer Event, Announces Annual Sales Forecast
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 Announces New Organizational Structure for Factoring Business
CIT, a division of First Citizens Bank, has announced a reorganization of its Commercial Services factoring business.
Allen Matkins/UCLA Anderson Forecast California CRE Survey Predicts Retail Optimism
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 Completes Merger With CIT Group
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.
IMC Acquires Shoppe Object and Shoppe Online
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.
