MANUFACTURING

CIT Merging With OneWest Bank

By Deborah Belgum | July 23, 2015

CIT Group, the largest apparel factor in the United States, is merging with One­West Bank in Pasadena, Calif., in a deal worth $3.4 billion.

Altamont Capital Leads Strategic Investment in Hybrid Apparel

Altamont Capital Partners finished the year with the announcement that it made an investment in another clothing business.

Wet Seal Discusses Bankruptcy, Other Options During 3rd Quarter Call

During a conference call on Dec. 10, executives of The Wet Seal Inc., discussing third-quarter results, raised the possibility of a company bankruptcy.

UCLA Anderson Forecast Takes a Look at California’s Future

California is on a steady course to see job growth outpace the U.S. economy through the end of 2016, eventually driving down the state unemployment to 5.6 percent during that period. That is considerably lower than the 7.3 percent recorded in October.

California and U.S. Economic Growth Looks Brighter for 2015


California has been slowly adding jobs to its payrolls, and next year should be no different.

Positive Signs for California Job Growth

More people should be employed in California during the fourth quarter of this year as companies around the state continue to add staff.

Experts Discuss Financing Options for Businesses Big and Small

Financing alternatives from traditional methods such as factoring to crowdfunding opportunities were discussed at a recent panel discussion featuring factors, investment bankers and other finance experts.

Industry Focus Finance: The Opportunities and Challenges of International Sales

With more apparel companies looking to export overseas to boost revenues, how difficult is it to get factor financing on these overseas accounts, and what things should apparel labels be aware of when exporting?

UCLA Anderson Forecast Sees California’s Economy Inching Ahead

The latest UCLA Anderson Forecast, released on Sept. 11, shows California's economy making slow progress with the operative word here being “slow.”

How a Growing Economy Affects Financing for Apparel Manufacturers

With interest rates still hovering in single-digit territory, the cost of borrowing money should be cheap, cheap, cheap. But it’s more than low interest rates that determine how much apparel manufacturers pay for a loan.

Building Your Brand: Authenticity and Consistency Are Key to Keeping an Edge in the Market

Building Your Brand: Authenticity and Consistency Are Key to Keeping an Edge in the Market

Social media has given consumers a front-row seat and an inside look into their favorite brands, but it has also changed the traditional dynamic between brand and audience.

L.A.’s Topson Downs Acquires Majority of Rachel Roy Label

Topson Downs, a Los Angeles manufacturer established in 1971, announced on July 18 it had acquired a majority interest in the Rachel Roy brand from The Jones Group.

Economy on Strong Footing to Grow, But Apparel Sales Challenged

For once, economists are in agreement. The financial outlook for California and the rest of the nation is bright for the rest of the year.

Maria Contino Joins Rosenthal & Rosenthal

Rosenthal & Rosenthal of California announced it has hired Maria Contino as its new senior vice president and business development officer.

Los Angeles Retail Rents Rise With the Economy

Start looking for that new store location now before rents go up even more, because the retail market is heating up.

Columbia Sportswear Completes Acquisition of Prana Apparel

Oirtland, Oregon-based Columbia Sportswear completed its purchase of Carlsbad, California-based Prana on May 30.