Authentic Brands Group makes a successful $340 million bid for Nine West Holdings. Under the terms of the agreement, ABG will control all licensing partnerships and marketing plans for both the Nine West and Bandolino brands. Marc Fisher Footwear will operate the business' operations and Signal Products will oversee the handbag and SLG businesses. Perry Ellis Intl. is going … [Read more...] about M&A Watch: Fashion Forward
Authentic Brands Group
M&A & Bankruptcy
Nine West Holdings files for bankruptcy, listing debts of approximately $1.5 million. The apparel, jewelry, and jeanswear company is planning sell its flagship brand, Nine West, to Authentic Brands Group. It will also sell its Bandolino brand and reorganize around other businesses, including the Anne Klein name. MGA Entertainment CEO Isaac Larian makes his move, submitting a … [Read more...] about M&A & Bankruptcy
Roundup: Business & Legal
The parentco of Coach, Kate Spade New York, and Stuart Weitzman will re-brand itself as Tapestry effective Oct. 31, 2017. CEO Victor Luis told WWE that the shift reimagines Coach as a "true house of emotional, desirable brands," that will "extend into new categories and markets" within "the very attractive and growing $80 billion global market for premium handbag and … [Read more...] about Roundup: Business & Legal
M&A Shorts
The United States Tennis Association (USTA) and Aramark partner to provide retail merchandise services for the USTA Billie Jean King National Tennis Center, home of the US Open. Under the multi-year agreement, Aramark will manage all aspects of the US Open Tennis Championships’ retail sales and merchandising operations throughout the grounds of the National Tennis Center. … [Read more...] about M&A Shorts
M&A Shorts
The United States Tennis Association (USTA) and Aramark partner to provide retail merchandise services for the USTA Billie Jean King National Tennis Center, home of the US Open. Under the multi-year agreement, Aramark will manage all aspects of the US Open Tennis Championships’ retail sales and merchandising operations throughout the grounds of the National Tennis Center. … [Read more...] about M&A Shorts
M&A And Lawsuits
Jet.com, which was acquired by Walmart for $3.3 billion in September, buys out apparel and accessories site Shoebuy.com for $70 million from IAC. The e-tailer is a direct competitor of Amazon.The United Kingdom Competition & Markets Authority (CMA) approves VTech's acquisition of educational toy firm LeapFrog, stating that the deal will not lead to competition … [Read more...] about M&A And Lawsuits
Who’s News
Andrew Cooper is the new President of Sequential Brands Group.HMD global Oy appoints Pekka Rantala CMO. Following NBCUniversal’s acquisition of DreamWorks Animation, Universal Filmed Entertainment Group restructures its management team. Vince Klaseus leads the combined Universal and DreamWorks Animation games, digital and consumer products divisions. Margie Cohn helms the … [Read more...] about Who’s News
Apparel Fuels 3.1% Growth in U.S./Canada Fashion Licensing—Global Growth Is Even Higher
Growing competition; continued decline in the brick and mortar backyard; currency devaluation in Europe and Asia; a fourth quarter retail fiasco. 2015 was a tough year for the fashion industry. Yet, for all of the challenges, fashion licensing prospered in not only in the U.S./Canada but worldwide, according to The Licensing Letter’s Annual Licensing Business Survey. Global … [Read more...] about Apparel Fuels 3.1% Growth in U.S./Canada Fashion Licensing—Global Growth Is Even Higher
Who’s News
Viacom International Media Networks’ VP Intl. Brand Management Charlotte Castillo has been promoted to SVP Brand Management & Creative for Nickelodeon and Viacom Consumer Products (NVCP). Seth Marks, former SVP Merchandising & Strategic Sourcing for Overstock.com, has joined Kmart as Head Strategic Merchandising. Jarrod Weber has been promoted to EVP Fashion at … [Read more...] about Who’s News