Torrid Closes Above IPO Price as Body-Positivity Movement Grows
Finance
Following the initial public-offering price of $21 per share, the City of Industry, Calif., expanded-size brand Torrid closed at $24.15 per share on July 1, up $3.15, for a 15 percent increase on its first day of trading.
Tukatech-Sowtex Partnership Affords Digital Design-and-Development Platform
Technology
Fashion-technology firms Tukatech and Sowtex have joined together on a collaboration, which will yield a 3D visualizer and design-lab solution that will reduce the time devoted to sampling processes. Launched July 8 throughout Asia, this digital platform allows all supply-chain members to work together through real data.
Thr3efold Launches With a Mission to Cultivate a Responsible Fashion Industry
Technology
Ethical fashion manufacturing is at the core of Jessica Kelly’s Thr3efold software-as-a-service business-to-business platform, which affords access to responsible supply-chain partners and invaluable guidance for apparel and soft-accessory brands.
Leigh Fibers Partners With Tidal Vision to Produce Bio-based Textile Treatments
Textiles
Solving issues of the toxicity that could result from traditional textile treatments, Leigh Fibers and Tidal Vision have announced a partnership that will rely on sustainable, ecologically sound resources to improve this segment of the industry.
Duer Forges Ahead Post-Pandemic With New Los Angeles Location
Retail
After a year of shuttering stores and a decline in retail numbers, Duer is betting on bricks-and-mortar as the way to go. The performance-apparel brand recently announced that it would open its newest location in early September.
ISKO, Soorty Team Up for Unique Collaboration
Textiles
ISKO and Soorty have signed a landmark technology-licensing agreement that partners the two competitors on the production of fabric and garment collections.
PacSun Ventures Into Resell Market With PS Reserve
PacSun Enters Resale
PacSun is diving into the resell market with its first-ever resale initiative—PS Reserve.
Fashion-Forward Golf Apparel Continues to Become the Standard
Fairway Fashion
Within the past year, the sport of golf has seen an extraordinarily high increase in players hitting the links to enjoy the activity as a fun outdoor hobby. Brands are updating traditional golf apparel to feature fashionable and playful takes on classic styles, while maintaining the comfort and function players expect.
Santa Monica College Student Designers Featured in LA Mode Virtual Event
LA Mode 2021
Upon completion of their 2-year fashion coursework, Santa Monica College student designers showcased their collections during the “LA Mode 2021: Distance in Design” exhibition, which was unveiled virtually this year.
SB 62 Moves to Appropriations Committee Following Passage by Assembly Panel
Legal
The Garment Worker Protection Act, also known as SB 62, which was sponsored by California State Senator María Elena Durazo (D-Los Angeles), recently passed through the state’s Assembly Judiciary Committee. The 8–3 vote, announced June 22, now sees the bill moving toward the Assembly Appropriations Committee.
American Giant Teams Up With Samuel Adams on Fourth of July Collection
MADE IN AMERICA
Proud of its commitment to domestic production, San Francisco made-in-America apparel brand American Giant has joined Boston brewer Samuel Adams to release products complementing the beer brand's limited-edition American Crafted that has been released to coincide with the July 4 holiday.
SKATIE Launches Swim Pieces for Fourth of July
SWIM/SURF
SKATIE’s new Fourth of July capsule is ready to celebrate the holiday’s bold colors.
Versatility and Sleek Designs Unite With Empathy in Unify the Ties
Swim/Surf
Artist Taylor Nassar understands the importance of employing art to heal mental-health challenges. As a young woman, Nassar struggled with her mental health and body image, eventually employing her artistic talents as a method to cope. The need to create evolved into Nassar’s brand, Unify the Ties, a San Diego swimwear label that launched in 2017 and relied on the artist’s inspiration from growing up near the beach, which yielded designs based on her own artistic works.
Lectra-Gerber Deal Finalized
Technology
Lectra has finalized the acquisition of all outstanding shares of Gerber Technology. It completed the deal on a cash-free, debt-free basis for €175 million, or more than 207.5 million USD, in addition to 5 million newly issued Lectra shares to AIPCF VI LG, Gerber’s sole shareholder. The purchase was financed through a €140 million, or more than 166 million USD, loan and available cash.
Supreme Court to Examine Copyright Claim by Unicolors Against H&M
Legal
The Supreme Court will examine the case of Unicolors Inc. v. H&M Hennes & Maruitz LP to see if H&M is liable for an infringement award and whether an error in a U.S. Copyright Office can be invalidated without fraudulent intent.
L.A. Market Week Answers the Call for Freedom as City Reopens
L.A. Market Week
From June 13 to 16, retailers from across the country migrated west for Los Angeles Market Week, as California’s economy prepared for its official June 15 reopening.
Amazon Shines Spotlight on Private Labels for Prime Day
Prime Day Wrap-up
The annual event all Amazon Prime members look forward to every year—Prime Day—took place June 21–22. The famed, almost holy, day that launched in 2015 is rife with big deals and incredible savings on everyday items from fashion and furniture to electronics. The 2021 Prime Day began at 12 a.m. PDT on June 21 and offered more than 2 million deals in more than 20 categories of items over 48 hours of epic savings.
Joor Raises $46 Million to Grow Wholesale Capabilities, Expansion
Finance
Joor has raised $46 million in Series D funding for the company’s investment in platform innovation, payments and financing, and continued global and vertical expansion.
