DTLA Brands Cultivated at Workaholic Pop-Up
Workaholic looks like a drab office space, but it's intended to be the backdrop for new brands from downtown Los Angeles
LVMH Acquires Tiffany & Co.
In what is being called the biggest deal in the history of the luxury goods market, LVMH Moët Hennessy Louis Vuitton SE acquired Tiffany & Co. for $16.2 billion, it was announced Nov. 25.
Carhartt, Golden Age to Los Angeles’ La Brea Ave.
Los Angeles’ La Brea Avenue has long been a fashion hub, most recently with shops for high streetwear styles.
SIA Acquires Two Consumer Shows
Trade Shows
Snowsports Industry America, a nonprofit trade association, recently announced that it was going to get into the consumer-show game.
OCC Approves CIT Subsidiary’s Acquisition of Omaha Bank
Finance
Following its approval by the Office of the Comptroller of the Currency, New York–headquartered financial-holding company CIT Group Inc. announced that it would complete the acquisition of Mutual of Omaha Bank, which is based in Omaha, Neb.
Delicate Handmade Treasures by Dakota Jinx Add Glamour to Sustainable Garments
Sustainable Treasures
An admiration for glamourous clothing has been a characteristic of Los Angeles native Dakota Jinx Falkenburg Solt Locke’s personality for as long as she can remember.
Strong Consumer Spending To Support Solid Holiday Season, Forecasters Said
‘Tis the Season
Apparel-industry forecasters are looking ahead during the final quarter of 2019, as they foresee a strong Holiday-shopping season with reports estimating higher numbers over last year.
AAFA Echoes Industry Sentiment in Letter to CBP Regarding Proposed Footwear Duty
Import/Export
Escalating current tariff and trade drama, the United States Department of Homeland Security’s Customs and Border Protection proposed a revocation of two previous rulings on the definition of athletic footwear, widening the range of these types of shoes, which will thereby increase costs for these products that were previously not subject to athletic-footwear duties.
The Webster Heads to Beverly Center in 2020
Retail
Luxe, multi-brand retailer The Webster is scheduled to open an 11,000-square-foot flagship at the Beverly Center in Los Angeles, it was announced Nov. 20.
Sol Angeles Launches Support California Culture Party
After about a decade in business making clothes with a casual California style, the Sol Angeles label is going to a deeper dive into the state’s culture.
Macy’s Reports Declines For 3rd Quarter
Retail
Macy’s Inc. reported a same-store sales decline for its third quarter and lowered its annual sales and EPS guidance for its 2019 fiscal year. The results were released on Nov. 21.
Port of L.A. Working with Danish Port to Strengthen Sustainability
Manufacturing
The Port of Los Angeles, ranked as the No. 1 container port in the United States, announced that it has entered into a five-year memorandum of understanding with the Copenhagen Malmö Port AB, which manages ports in Denmark and Sweden, to collaborate on sustainability and environmental issues.
Gap Inc. 3rd-Quarter Sales Drop 4 Percent
Retail
A couple of weeks after the resignation of Art Peck, the former Gap Inc. chief executive officer, the San Francisco–headquartered specialty retailer announced that same-store sales for its 2019 third quarter declined 4 percent, said Robert J. Fisher, Gap Inc.’s interim president and chief executive officer.
All Good Feels Mixes Street, Active & Contemporary Looks
Manufacturing
Vintage-style concert T-shirts seem to exist in a completely different fashion category than activewear, which is designed to outfit high-intensity workouts. But the Los Angeles–headquartered brand All Good Feels made both activewear and concert-style tees for its debut collection.
Levi Strauss & Co Strengthens Chemical Screening
More-sustainable LS&Co.
Levi Strauss & Co. has worked for more than 18 years to cut harmful chemicals from its manufacturing process. The San Francisco–headquartered denim manufacturer recently announced that it would work to guarantee higher levels of chemical testing and screening in its supply chain by using a new certification system.
Fred Segal Unveils Pop-Up for Influential Japanese Retailer Beams
Influential Japanese retailer Beams has opened shops in Hong Kong and Bangkok, for the first time, Beams put together a major display in the Los Angeles area.
Vans Says Take The Day Off & Do Something Creative
Nov. 21 is scheduled to be the first Annual Vans Checkerboard Day.
Rick Owens' Book Signing Turns Into Homecoming Party
It was the last stop of Rick Owens’ book tour for Legaspi.
Skechers Releases Premium Heritage Limited Edition Collection
MANUFACTURING
After a successful September launch of the Premium Heritage One collection, the Skechers Premium Heritage line returns with a limited-edition Holiday collection, blending Skechers popular outsoles with more-luxurious materials.
