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current issues

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Is Skims Worth $500 Million? $1.6 Billion?

Forbes and Kim Kardashian West herself have offered two very different estimates as to the current valuation of her privately held Skims shapewear and loungewear brand.

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NuBra To Introduce A New Panty Collection

NuBra, a leading adhesive bra producer, is about to add the NuBra Seamless Panty in three styles: Bikini, Tanga, and Hipster Brief, according to the company’s Dennis Chen.

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Bra Expert Jené Luciani Launching New GemBra

Jené Luciani, a widely known industry author and expert on bras, who has advised on and helped sell a wide array of intimates for various companies, is about to launch a new bra of her own: the GemBra.

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Corin’s Virginia 871 Now Offered In Pecan

Corin’s best selling Virginia 871 collection is now available in a new color: Pecan.

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Playboy: Sales +118%, Loss Shrinks To $512K

Playboy sales in 2020 included Yandy.com.

Playboy Enterprises sales in the fourth quarter, jumped to $46,327,000, up from $21,239,000 in the same quarter in 2019. Significantly, sales in 2020 included revenue from Yandy.com, which Playboy acquired on the last day of 2019.

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Naked: ‘$270 Million In Cash And No Debt’

Naked Brand Group has recently moved closer to transforming itself into a “pure-play e-commerce platform,” while at the same time completing “multiple strategic capital financings resulting in cash proceeds of $270 million and the elimination of all previous debt servicing obligations.”

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Eric Ehrens, Industry Executive, Passed At 71

Eric Ehrens and his daughter Crystin at a trade show in 2016.

Eric Ehrens, a fixture in the intimate apparel and costume industries, passed away on March 25th at the age of 71 after a long illness.

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Interview: Barry Revzen On China Price Increases

BODY publisher Nick Monjo interviewed Dreamgirl owner Barry Revzen on the subject of rising lingerie producer prices.

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Dreamgirl Expands Boxed Line For 2021

Dreamgirl saw a surge in lingerie sales as people worked from home this past year, according to a spokesperson. “Specifically sexy lingerie and hosiery.”

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Locations Revealed For Some New Aerie Stores

The exact location of seven of the new Aerie lingerie and two Offline activewear stores, that will open in the second half of the year, was revealed in an announcement by Westfield Shopping Centers.

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Mapalé: New Lingerie Vol. 2 2021 Collection

Mapalé has just introduced its Lingerie Vol. 2 2021 Collection, including “two-piece sets, baby dolls, three-piece garter sets, teddies,” with retail prices averaging from $19.95 to $39.95.

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Hanes Intro’s Low Cost PouchBoxer Briefs

Left, Hanes’ new briefs, right, Saxx Vibe briefs.

Hanes has just made an important move into the men’s pouch underwear space with its inexpensive Comfort Flex Fit Total Support PouchBoxer Briefs, which it is offering “with three-packs starting at $16.98.”

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Intimissimi Is Now Distributing From U.S.

In signing a contract with a U.S. based distribution service, the Calzedonia Group has taken another significant step in its expansion across the U.S. Since launching here in 2017, the company has already opened almost 50 stores, selling Intimissimi lingerie and knitwear, and Calzedonia legwear and swimwear.

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2020 Sales: Calida -3.5%, Aubade -11.9%

Calida underwear sales fell 3.5% in 2020, while Aubade sales dropped 11.9%. Both brands are part of Switzerland-headquartered Calida Group.

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NuBra Recently Added NuORDER Portal

NuBra has recently launched a new business to business portal that makes it easier for its customers and representatives to manage their interactions with the company.

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Post: VS Could Now Be Worth Over $4 Billion

Screenshot of the Victoria’s Secret website.

The New York Post recently published an article entitled “Victoria’s Secret Has Soared In Value During The Pandemic,” quoting two stock analysts that say the business could be valued at over $4 billion.

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AEO To Open 50 Aerie, 30 Offline Shops In ‘21

Aerie, as it announced another sales and income jump in the fourth quarter, reported it is planning to open 50 new Aerie intimates stores and 30 Offline activewear shops this year.

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Soma Fourth Quarter Sales Jumped 12.5%

“Soma sales for the back half of fiscal 2020 were the highest in the history of the brand,” according to Molly Langenstein, CEO of parent company Chico’s FAS, speaking during the fourth quarter conference call with analysts.

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Playboy Bought Yandy For $13.1M In 2019

Playboy acquired Yandy for $13.1 million on December 31, 2019. The deal included “substantially all of the assets and liabilities, excluding outstanding borrowings.”

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Aerie: 550 Stores, Sales of $2 Billion In 2023

Aerie sales for fiscal 2020 will hit $1 billion, and the brand plans to invest heavily in new stores and digital growth, projecting fiscal 2023 sales of $2 billion and operating income of $310 million.

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Victoria’s Secret To Be Separate Firm In August

L Brands revealed that it is expecting its Victoria’s Secret and Pink lingerie division will be sold or spun off as a separate company in August 2021.

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iFabric Extends Its Maidenform License

A portion of iFabric’s “Maidenform Collection.”

iFabric’s Coconut Grove Pads Inc. subsidiary has extended, through the end of 2021, its license and distribution agreement for the use of the Maidenform label on “intimate apparel accessories and specialty bra solutions.”

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Leading Dancewear Store In Midwest For Sale

The owner of a leading adult dancewear specialty store in the Midwest is looking to find a new owner for his business.

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Claudel Already Booked Big Orders For Fall 2021

Canada-based Claudel Lingerie is off to a strong start for 2021, with a sizable sleep and lounge order from Hudson Bay Company, among others, and new collections from its Midnight Maddie and Comfort & Co. brands.

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Dia.com Has Just Added Lingerie In Sizes 14-32

Dia.com, also known as Dia&Co, an apparel website founded in 2015 “for style in sizes 14-32,” has just added an intimates category.

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Dreamgirl Owner Barry Revzen Talks Hosiery

BODY publisher Nick Monjo interviewed Dreamgirl owner Barry Revzen about the company’s growing hosiery collection.

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Fabletics Activewear With Actress Madelaine Petsch

Madelaine Petsch wearing Nova Low Impact Sports Bra and Oasis High-Waisted Pocket 7/8 Legging

Fabletics has launched a new activewear collection in partnership with Riverdale actress Madelaine Petsch, “built off the success of their first collaboration last summer.”

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VS, Pink Comp Sales -3% In Fourth Quarter

Victoria’s Secret and Pink comparable store and direct sales fell 3% in the three months ended January 30, 2021. The results included company-operated stores in the U.S., Canada, Greater China and the U.K. (before a joint venture in which a U.K. retailer took a majority stake in operations there).

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VS Swim Catalog Arriving In Mail March 1

Victoria’s Secret recently announced the “return of swim in stores,” adding that a print “2021 Swim magalog” will be “hitting mailboxes March 1.”

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Van de Velde 2020 Sales -22.1%, Profit -30.6%

Van de Velde earnings in 2020 fell 30.6% while sales dropped 22.1%.

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Valens: New Corin Push-Up Bra, Panties, T-Shirts

Corin’s ‘Dolly’ push up bra; right ‘Kylie’ panties.

Valens Lingerie, the U.S. distributor of Corin, a leading Polish brand, discussed several recent introductions to the line.

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Figleaves.com, Early Lingerie Site, Closes

Figleaves.com, the U.K. based site, launched in 1998, closed permanently at the end of February. It was one of the first online stores that focused on intimate apparel and underwear.

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Shapermint Provides Many Claims Of Success

Shapermint, in a press release announcing that one of its several co-founders, chief marketing officer Massimiliano Tirocchi, had been named to Forbes’ 30 Under 30 list of accomplished business executives, provided several additional claims of business success.

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Interview: NuBra Introduces The Nu Cami

Image used in advertisements for the Nu Cami.

NuBra recently launched a new addition to its adhesive bra and solutions products collection, the Nu Cami. In this interview, BODY publisher Nick Monjo talks with the company’s Dennis Chen about the product, which combines an adhesive bra with a removable lace covering.

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Interview: Dreamgirl’s Barry Revzen Reports

Barry Revzen, president of Dreamgirl, recently acquired the company from the Chinese owner. In this interview, conducted in late December, BODY publisher Nick Monjo asked about the transition, the pandemic, and Halloween.

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Corin’s Margaret 718 Bras: A Blaze Of Colors

For Spring 2021, Corin offers “a blaze of colors” with its Margaret 718 fashion collection.

“Fashion draws from nature, which is why the charming Margaret 718 collection includes not only floral motifs, but also an energetic and bold color reminiscent of fuchsia,” according to a spokesperson. “This is one of the most feminine of colors.”

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Interview: FinallyBra Founder Elizabeth Wang

FinallyBra, a long established bra producer with strong sales, is looking to expand its wholesale business in the U.S. in 2021. In this interview, BODY associate publisher Ted Vayos discussed plans with founder Elizabeth Wang, an IT-engineer-turned CPA, who found her “ultimate passion in bra design and engineering.”

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Texco: Eco-Friendly Hook And Eye Line

Texco, a leading global manufacturer of hook and eye tape, has developed a new eco-friendly hook and eye line to meet the needs of their customers worldwide.

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Rigby & Peller Down To Just Five U.S. Shops

The Rigby & Peller store in the Oakbrook Center mall in Illinois has closed, dropping the chain to five stores in the U.S. At one time the chain, formerly known as Intimacy, had almost 20 locations here.

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No Femmy Gala; Virtual February NY Market

The 2021 Femmy Gala has been canceled, and the February New York market “will be conducted with virtual appointments being scheduled around the previously established dates of Sunday, January 31st to Friday, February 5th,” according to the Underfashion Club.”

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Famous Atlanta Shop ’Necessities’ Is For Sale

Necessities by Sherrie, a profitable and well known lingerie shop in the Atlanta area is for sale. No, the pandemic is not prompting the sale, but rather a recent change of jobs to Texas, on the part of the husband of shop owner, Sherrie Strong.

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Cindy Kelly: President Of Sales At Dayleen

Cindy Kelly was named president of sales at Dayleen Intimate Apparel, the company which owns the Dominique brand. She joined the company as of December 1.

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Spencer Spirit Elevates Silvera To President

Spencer Spirit Holdings added the title of president to Isaac Silvera, a long time executive who already serves as COO and CFO.

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Many Companies For Sale Heading Into 2021

FMMG Advisors is working with a number of companies that are for sale or are looking for equity partners. Several of these clients have patented or patent-pending inventions they are looking to sell or license. Find descriptions below. Contact Nick Monjo at Nick@FMMG.com or (917) 602-9340 for more information.

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Aerie Q3 Sales +34%, Digital Portion +83%

A bralette in Aerie’s Gingerbread Lace collection.

In the third quarter, “Aerie’s revenue increased 34%, following a 26% increase last year,” according to parent company American Eagle Outfitters (AEO), driven by 83% growth in digital revenue. Annual sales for the lingerie division should hit $1 billion this year.

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Playboy Reports Q3 Net Income Of $1.27 Million

Playboy Enterprises, benefiting, in part, from its 2019 acquisition of Yandy.com, reported net income of $1.266 million on sales of $35.004 million in the three months ended September 30, compared to a loss of $3.361 million on sales of $18.782 million in the same three months last year.

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Dreamgirl: Valentine’s Day Recommendations

“At Dreamgirl, one of our favorite holidays is Valentine’s Day, where all you need is your significant other to make it a very special day,” declared a company spokesperson.

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Comfeez Bralettes: Perfect In Many Ways

As sales for the new Comfeez bralettes from Shapeez have taken off, since it was introduced a little over a year ago, so has the number of ways customers are wearing them.

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John Mehas Out As CEO Of Victoria’s Secret

John Mehas, CEO of Victoria’s Secret Lingerie, has been replaced by Martin Waters. Waters joined parent company L Brands in 2008 as head of its international division. Mehas had served as CEO since February, 2019.

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La Perla Lost €41.3M On Sales Of €27.5M

In the six months ended June 30, La Perla lost €41.3 million (about $48.8 million at current exchange rates) on sales of €27.5 (about $32.5 million), compared to a loss of €44.5 on sales of €40.3 in the six months ended June 30, 2019.

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