FINANCE
FashionGo’s Dynamic Net Terms Solution Provides Three Levels of Yes
By Christian Chensvold, Associate Editor | April 9, 2024
The California Apparel News sat down with Paul Lee, CEO of NHN Global, owner of FashionGo, to learn the details of...
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.
Balance Aims to Simplify B2B Payments
As e-commerce continues to rise and be a significant portion of how the apparel industry does business, many companies are looking for new and innovative ways to transition their accounting processes to be more digital.
NRF Holds State of Retail and Consumer Event, Announces Annual Sales Forecast
The National Retail Federation held its second annual State of Retail & the Consumer virtual event on March 15, which explored the American consumer and key behavior trends that developed during the pandemic and its aftermath.
CIT Announces New Organizational Structure for Factoring Business
CIT, a division of First Citizens Bank, has announced a reorganization of its Commercial Services factoring business.
Allen Matkins/UCLA Anderson Forecast California CRE Survey Predicts Retail Optimism
According to the Winter 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey, all California real-estate sectors are experiencing positive growth despite still recovering from the pandemic-related recession.
First Citizens Completes Merger With CIT Group
First Citizens BancShares Inc. has merged with CIT Group Inc., creating a top-20 U.S. financial institution and the largest family-controlled bank in the nation.
IMC Acquires Shoppe Object and Shoppe Online
International Market Centers announced that it has acquired Shoppe Object, a design-focused home and lifestyle trade show and its Shoppe Online B2B e-commerce platform.
Industry Focus: Finance—As the world navigates through the COVID-19 pandemic’s new variants, what advice would you offer to apparel professionals?
While a new year has begun, many challenges that were experienced during 2021 remain. The COVID-19 pandemic continues to impact the world as new variants of the virus develop.
ABS by Allen Schwartz Acquired by Five Oak Brand Management Advisors
Celebrating his brand’s 40th anniversary, designer Allen Schwartz announced the acquisition of his Los Angeles label by New York–headquartered Five Oak Brand Management Advisors.
MycoWorks Raises $125 Million in Series C Funding
San Francisco–based biomaterials company MycoWorks announced it has secured $125 million during its latest funding round.
Adidas Signs CMC Lease for 107K-SF DTLA Space Following Renovation
As the California Market Center unveiled its fresh space on Jan. 11, following a $250 million–plus renovation, property manager Brookfield Properties announced that it would welcome global athletic-apparel brand Adidas AG, which signed a lease for 107,000 square feet of space at the downtown Los Angeles site.
