FINANCE

California’s Economy Charts Positive Growth Through 2018

By Deborah Belgum | June 8, 2016

Job gains and slow steady growth are the path for the country and California for the next few years, according to economists at the UCLA Anderson School of Management.

L.A.–Based Brentwood Associates Buys Boston Proper

Boston Proper, the multichannel retailer owned by Chico’s FAS Inc., has been acquired by Los Angeles–based private-equity investment Brentwood Associates for an undisclosed amount.

Holiday Sales Not as Robust as Expected

The results are in. Holiday sales are up 3 percent over last year.

Finance One’s Shanghai Office Assists Local Importers, Provides Networking Services

Finance One opened its first international branch last fall in Shanghai after a five-year process to secure new business partners in China and ensure that the Los Angeles–based factor has done its due diligence regarding international laws and regulations for overseas trade and financing.

Retailers Face a Challenging Year in 2016 as U.S. Economy Chugs Along

Financial gurus and pundits agree that 2016 will probably be an economic twin of 2015. There will be slow but steady growth and unemployment will remain low.

CIT Group Appoints New President of CIT Commercial Services

CIT Group Inc., a provider of commercial lending and leasing services, announced that Marc Heller will be the new president of CIT Commercial Services, a major factor in the apparel industry.

Iconix Being Investigated by SEC

Iconix Brand Group, which owns a number of labels started in California, announced on Dec. 28 it received a formal order of investigation from the Securities and Exchange Commission.

2015: Year in Review

2015: Year in Review

2015 Economic Retrospective

As 2015 draws to a close, the editors of California Apparel News take a look at several key economic indicators to assess how California’s fashion industry navigated the slowly recovering economy over the past year.

American Apparel Hits Financial Headwinds

The largest clothing factory in the United States had a mountain of debt that pushed it into bankruptcy court in October, filing for Chapter 11 protection.

Newsmakers 2015

Newsmakers 2015

The people and events that made the news in 2015.

Newsmakers 2015: Joe’s Jeans Undergoes a Metamorphosis

It was a topsy-turvy year for Joe’s Jeans, the Los Angeles premium-jeans maker launched in 2001 by designer Joe Dahan.

Growing Economy Will Lead to Rising Interest Rates Soon

The long-awaited moment may be here. The U.S. government is expected to boost federal interest rates this month.

LA Private-Equity Firm Buys Specialty Store Chain

Classic styles with a touch of fashion have been the mainstay of J.McLaughlin, a small specialty-store chain founded in New York by two brothers in 1977.

Oaktree Capital Working on Buying Quiksilver

Oaktree Capital Management, the Los Angeles–based investment firm, is ramping up its effort to buy Quiksilver Inc. out of bankruptcy.

The Ins and Outs of Brand Building With Licensing, Investment and Social Media

Nearly 200 apparel-industry executives turned out to discuss brand-building strategies that ranged from social-media practices and licensing opportunities to gauging when to seek outside investment.