latest from financial and general interest news

Hanes Innerwear Profit Jumps 9.2% In Q3

Hanes Innerwear division operating profit jumped 9.2% in the quarter ended September 30, to $108.970 million, up from $99.797 million last year. Meanwhile segment sales slipped slightly, to $622.567 million, down from $625.082 million last year. » I want to read more and receive info from Hanes

Aerie Q3: Income Up 34.3%: Sales Up 12.4%

Aerie Q3 sales rose 12.4% to $393.042 million, up from $349.712 million in the three months ended October 29, 2022. Meanwhile operating income for the underwear division of American Eagle jumped 34.3% to $75.850 million, from $56.487 million in the same period last year. » I want to read more and receive info from Aerie

Delta Galil Q3: Sales $463M, Profit $29.5M

Delta Galil income in the third quarter fell to $29.496 million on lower sales of $463.039 million, compared to a profit of $36.106 million on sales of $512.002 million in the three months ended September 30, 2022. » I want to read more and receive info from Delta Galil

Skims Is NBA’s ‘Official Underwear Partner’

Skims signed a multi year deal making it “the official, the Women’s National Basketball Association (WNBA) and USA Basketball.” » I want to read more and receive info from Skims

Warners, Olga, True & Co. Selling For $160M

Basic Resources, a manufacturer, distributor and marketer of basic apparel, announced it is acquiring the Warners, Olga and True & Co. businesses currently owned by PVH for $160 million in cash. » I want to read more and receive info from PVH

VS Embraces ‘Sexiness,’ New Apparel Categories

In mid-October, Victoria’s Secret held an investor event to discuss how it plans reverse its recent sales declines, acknowledging that making a place for “sexiness” will be a part in the future of the company. » I want to read more and receive info from Victoria’s Secret

AEO Names Two New Management Executives

Following on the August announcement of the departure of COO Michael Rempell, Aerie parent American Eagle Outfitters, has named Sarah Clarke EVP, chief supply chain officer; and Valerie van Ogtrop EVP, brand operations. » I want to read more and receive info from American Eagle Outfitters

Soma Parent To Be Acquired By Sycamore

Soma parent Chico’s FAS has entered into a $1 billion agreement to be acquired by Sycamore Partners, a private equity firm with a wide variety of apparel brands and retailers in its stable. » I want to read more and receive info from Soma

Playboy Reports Q2 Loss As Sales Decline

Playboy reported a loss of $133.883 million on net revenue of $35.101 million in the three months ended June 30, compared to a loss of $8.315 million on revenue of $47.881 million in the second quarter last year. » I want to read more and receive info from Playboy

Alexander Meyer Now CEO Of Happy Socks

Alexander Meyer has been named the new CEO of Stockholm-based Happy Socks. He was most recently the chief customer officer at The Bay, the Canadian retailer. » I want to read more and receive info from Happy Socks

Sales Up 11% At iFabric Intimates Division

Sales jumped 11% in the fiscal third quarter at the intimates division of Toronto-based public company iFabric. The company also noted that Q3 combined sales topped a record for the quarter set last year. » I want to read more and receive info from iFabric

Q2 Sales Up 2.9% At Hanes Innerwear

Sales at the Innerwear division at Hanes rose 2.9% in the second quarter, to $705.8 million, compared to $685.8 million last year, “driven by growth in its basics business behind the launch of its Hanes Originals product, increased space for back-to-school, improved on-shelf availability through the use of data analytics and its consumer-centric pricing philosophy.” » I want to read more and receive info from Hanes

ThirdLove: Loan From ‘Schottenstein Affiliate’

Second Avenue Capital Partners (SACP), which specializes in asset-based loans, announced on August 17th that it had “closed on a new $12 million revolving credit facility to ThirdLove.” » I want to read more and receive info from ThirdLove

Delta Galil Sales, Net Income Slip In Q2

Delta Galil Q2 net income fell to $15.050 million on lower sales of $443.6 million, compared to earnings of $22.661 million on sales of $491.3 million in the three months ended June 30, 2022. » I want to read more and receive info from Delta Galil

Crawford Leaving Cupid; Gonzalez Hired

Vanessa Gonzalez has been named account manager at Cupid Intimates. And, as of July 28, long-time VP of sales and marketing and national sales manager Eric Crawford will be leaving the company to become Senior VP of Commercial Partnerships at Educator’s Resource, a leading wholesale distributor of school supplies and K-12 supplemental teaching materials. » I want to read more and receive info from Cupid Intimates

ThirdLove Now With Nine Physical Stores

Digitally native ThirdLove now has nine physical stores in operation around the U.S., with more on the way. » I want to read more and receive info from ThirdLove

For Sale: Online Men’s Underwear Brand

A highly profitable online, direct to consumer men’s underwear brand is now for sale. Great operation. Net profits have increased five fold over the past five years. There are many ways to expand the sales and profits. Currently the collection is produced in the U.S. Overseas production would greatly lower costs. To learn more in confidence contact Nick Monjo, (917) 602-9430 or Nick@FMMG.com. » I want to read more and receive info from men’s underwear brand

BODY: The Reason We Know All The Buyers

Because we mail a physical magazine every month -- in addition to emailing the news regularly -- we at BODY have always kept careful track of all the intimate apparel buyers in North America -- and how to reach them. » I want to read more and receive info from BODY

iFabric Has Record Revenue For Q2 & 6 Months

Toronto-based iFabric, parent to the Coconut Grove intimates brand as well as a technical fabrics division, reported “record financial results for its second quarter and six months ended March 31, 2023.” » I want to read more and receive info from iFabric

La Senza: Store Count Steady 4 Years Later

In the years since January 2019 when La Senza was acquired from the former L Brands by Beverly Hills-based private equity firm Regent LP, the business has returned to profitability according to a well-placed source who would not provide additional details. » I want to read more and receive info from La Senza

Victoria’s Secret Names Unis Brand President

Victoria’s Secret promoted Greg Unis to the role of brand president, Victoria’s Secret and Pink. He will continue to report to CEO Martin Waters, “and lead the design, merchandising, creative, planning, strategic patterning and business development functions.” » I want to read more and receive info from Victoria’s Secret

Adam & Eve Opens First Location In Georgia

Adam & Eve opened its 103rd adult store, a franchise location and its first in Georgia. The chain sells lingerie as well as toys. » I want to read more and receive info from Adam & Eve

Lingerie Firm Seeks Experienced Salesperson

Prominent lingerie and hosiery wholesaler seeks experienced salesperson. Salary $90K - $100K. Mail resume to Nick Monjo at Nick@FMMG.com. » I want to read more and receive info from prominent company

Online Lingerie And Hosiery Brand For Sale

FMMG Advisors recently began working with a powerful direct to consumer, online lingerie brand that is for sale. This brand generates high salaries as well as a high net income for its owners, while consistently achieving sales of about $1.2 million a year. » I want to read more and receive info from DTC Brand

DoorDash Delivering Victoria’s Secret Items

DoorDash, which began as a food delivery service, has just announced new partnerships with Victoria’s Secret, Party City and Lush Cosmetics. » I want to read more and receive info from DoorDash

VS: A “Reimagined” Fashion Show This Fall

Victoria’s Secret plans to bring back its fashion show, a “reimagined” version that will appear as a film that unites “fashion, film, art and culture” and will “culminate in a live fashion event.” » I want to read more and receive info from Victoria’s Secret

Delta Galil Net Plunges As Sales Slide 9% In Q1

First quarter profit fell dramatically at Delta Galil, from $18.9 million last year to $3.0 million this year, as sales slid 9%, with the company citing a “heavily promotional retail landscape.” » I want to read more and receive info from Delta Galil

Adam & Eve: Houston Is Chain’s 102nd Location

Adam & Eve Franchise Corporation (AEFC), a division of AdamEve.com, announced the opening of the retailer’s 102nd location, this one near Houston. According to the company the latest shop is the 18th Adam & Eve to open in Texas. » I want to read more and receive info from Adam & Eve

Apparel Firms File Party City Bankruptcy Claims

Party City and some affiliated companies filed for bankruptcy earlier this year, announcing a restructuring plan that will reduce its debt. » I want to read more and receive info from Party City

Delta Galil Named Stocker Brands President

Delta Galil appointed Mark Stocker president of its Delta Galil Branded Division, effective January 30, 2023. His previous experience includes almost two decades at Macy’s. » I want to read more and receive info from Delta Galil

Thinx $5M Period Panty Settlement Reported

It has been widely reported that Thinx settled a lawsuit in November that alleged its period panties contained harmful chemicals. » I want to read more and receive info from Thinx

FMMG: “2023 Could Be Bigger Year For M&A”

To start the new year, FMMG Advisors is working with a large number of interesting wholesale brands and retail shops that are for sale or are seeking investors. 2022 proved to be an extraordinary period for those selling all or a portion of their intimates businesses, with well over $1.2 billion in transactions taking place. » I want to read more and receive info from FMMG Advisors

Victoria’s Secret: Adore Me Purchase Finalized

Victoria’s Secret completed, on January 3, 2023, the acquisition of Adore Me, Inc. that it had first announced in early November. » I want to read more and receive info from Victoria’s Secret

Delta Galil Q3 Sales +2.2%, Profit +10.0%

Despite declines at Bare Necessities, parent company Delta Galil third quarter sales rose 2.2% to $512.002 million from $501.066 million in the three months ended September 30, 2021, while net income jumped 10.0% to $36.106 million from $32.487 million. » I want to read more and receive info from Delta Galil

Wacoal U.S. Division Profits Down, Sales Rise

Operating profit at the U.S. division of Wacoal was down 47.5% in the first fiscal half year, while sales rose 7.6%. » I want to read more and receive info from Wacoal

Dreamgirl Promotes Two Key Executives

DG Brands, the company that produces Dreamgirl lingerie, legwear and costumes, promoted two long time executives. Gihan Gabor has been named president and will report to DG CEO Barry Revzen. » I want to read more and receive info from Dreamgirl

Valens Distribution Now Handles You Lingerie

Valens Lingerie is now handling distribution for the Israel-based brand, You Lingerie, to certain U.S. accounts. Contact: https://www.ValensLingerie.com; contact@ValensLingerie.com; (610) 400-8460, attention Thomas Dorsey. » I want to read more and receive info from Valens Lingerie

Hanes Innerwear Profit -32.4%, Sales -11.0%

Hanes Innerwear division operating profit dropped 32.4% in the third quarter as sales for the segment fell 11.0%. » I want to read more and receive info from Hanes

Victoria’s Secret Is Acquiring Adore Me

Victoria’s Secret announced it is acquiring Adore Me, Inc. for $400 million plus additional payments over the next two years. » I want to read more and receive info from Victoria’s Secret

Hanes Innerwear Sales -12.2%, Profit -23.9%

Hanesbrands second quarter Innerwear division operating profit fell 23.9% to $141.659 million, as sales for the division dropped 12.2% to $685.778 million. The segment reported operating profit of $186.169 million on sales of $780.650 million in the 13 weeks ended July 2, 2021. » I want to read more and receive info from Hanes

iFabric’s Q3 Intimate Apparel Sales Jump 19%

Revenue at iFabric’s Intimate Apparel Division increased by 19% to $2,136,503CAD (Canadian dollars, about $1.63 million at current exchange rates) in the quarter ended June 30, up from $1,794,529CAD (about $1.37 million) in the division’s same third quarter of 2021. » I want to read more and receive info from iFabric

Company Applauds JAX Song “Victoria’s Secret”

A popular new song by JAX called “Victoria’s Secret” complains about the pressure the singer felt growing up to look more like the brand’s “itty bitty models” of yore. » I want to read more and receive info from Victoria’s Secret

Delta Galil: Sales Rise, Closes China Factory

Delta Galil second quarter net income fell 16.9% to $22.661 million as sales rose 7.8% to $491.251 million. Earnings were impacted by expenses related to the company’s closing of a China factory as it moved some production to Vietnam. » I want to read more and receive info from Delta Galil

ILS Expected To Be Biggest Show In Years

The New International Lingerie Show continues to build momentum, with 49 exhibitors already signed for the upcoming show September 12 and 13, at the Tuscany in Las Vegas. » I want to read more and receive info from New International Lingerie Show

Hop Lun: Majority Stake Sold To Platinum Equity

Hop Lun, the Hong Kong-based intimate apparel firm, is selling a controlling stake to Platinum Equity, an investment firm with a portfolio of companies in a wide variety of different industries. » I want to read more and receive info from Hop Lun

For Sale: Top Midwest Dancewear Shop

The owner of a Midwest dancewear shop, with over 20 years in operation, is looking to sell the business and retire. It is the leading dance specialist in the area, with a vast customer base, inviting retail display area, low rent and large storage space. Contact Nick Monjo at (917) 602-9430 or Nick@FMMG.com for information. » I want to read more and receive info from dancewear retailer

ILS Anticipates ‘Great Show’ September 12-13

The New International Lingerie Show “is anticipating another great show, September 12 and 13 at the Tuscany in Las Vegas,” organizer Tim McNamara told BODY. » I want to read more and receive info from International Lingerie Show

Meghan Davis Named CEO of Thinx

Meghan Davis was named CEO of Thinx, Inc. replacing Maria Molland who announced her retirement. » I want to read more and receive info from Thinx

Delta Galil Earns $18.9M On Sales Of $483.9M

Net income at Delta Galil rose to $18.945 million on sales of $483.873 million in the first quarter, compared to earnings of $15.081 million on sales of $416.135 million in the three months ended March 31, 2021. » I want to read more and receive info from Delta Galil

Great Mastectomy Shop In Florida For Sale

An exceptional mastectomy shop is now for sale in Florida. The business boasts a profitable business history of many years, low rent, high traffic location with excellent parking, as well as a certified bra fitter who seeks to remain with the business under new ownership. » I want to read more and receive info from Mastectomy Shop

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