Finance

AAFA Applauds Passage of S.Res.736, SHOP SAFE Act Stalled

By Dorothy Crouch, Contributing Writer | July 25, 2024

Everyone likes a dose of fast fashion now and then, but nobody, whether consumers or manufacturers, likes fake fashion. But the crooks behind counterfeit goods can be dealt a blow with greater awareness, and that’s sure to happen now thanks to the passage of S.Res.736 on July 8, which designated the month of July National Anti-Counterfeiting and Consumer Education and Awareness Month.

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

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.