FINANCE
Tukatech and UV Stacks Launch Made-to-Order Division Through Gaiabay
By Dorothy Crouch, Contributing Writer | November 27, 2024
Los Angeles fashion-technology firm Tukatech and India’s UV Stacks have entered into a partnership through which the companies launched a Made-to-Order division of global marketplace Gaiabay.
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.
DJM and PGIM Real Estate Announce Acquisition of Long Beach Exchange
California-based private-equity real-estate-and-development firm DJM, in partnership with PGIM Real Estate, has announced its acquisition of Long Beach Exchange.
KlearNow Raises $50 Million to Alleviate Global Supply-Chain Constraints
KlearNow, a logistics-as-a-service company founded in 2018, announced it has raised $50 million in new funding to provide supply-chain solutions that simplify and provide real-time cargo visibility.
Brikl Closes New Funding Round Aimed at Hypergrowth
E-commerce software platform Brikl announced it has secured additional funding from Saffelberg Investments.
Alpargatas Announces Strategic Investment in Rothy’s
Brazilian lifestyle brand Alpargatas S.A., and sustainable lifestyle brand Rothy’s Inc. have announced that Alpargatas will make a strategic investment in Rothy’s to fuel global growth and vertically expand.
2021 Sees a Bounceback in the Apparel Industry as COVID-19 Recedes
After the onset of the COVID-19 pandemic decimated many industries and cost millions of jobs, many were left wondering how the country would respond in the following years. Although 2021 was full of its own new challenges, such as supply-chain issues, rising inflation and new variants of the virus, the retail sector saw growth, bringing promise as the country continues to navigate into a new normal.
Cerqular Secures Early-Stage Investment to Launch Sustainable Commerce Platform
Cerqular, the quickly growing e-commerce platform with a focus on sustainable and ethical brands, has announced the successful close of its pre-seed round of financing.
Poshmark Launches NFT to Celebrate 10-Year Anniversary
To celebrate its 10th anniversary, social marketplace Poshmark announced the launch of its first collection of nonfungible tokens.
