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latest from financial and general interest news

Texco Opening New Vietnam Factory In Q2

Texco Hook & Eye Tape Ltd. will expand its business by opening a new state of the art factory in Vietnam. The operation will start in the 2nd quarter of 2019. » I want to read more and receive info from Texco

Naked Raises Capital, Changes Debt For Stock

Naked Brand Group Limited reached a “definitive agreement for a private placement of restricted common stock and warrants for aggregate gross proceeds of approximately $3.9 million” with investors led by Los Angeles-based Acuitas Capital. One investor was Naked’s former CEO, and now executive chairman, Justin Davis-Rice. » I want to read more and receive info from Naked

PVH Plans To Acquire Full Control Of Gazal

PVH announced an agreement to acquire full control of Gazal Corporation, a long time partner in Australia, of which it already owns a 22% stake. » I want to read more and receive info from PVH

Delta Galil 2018 Sales Up 10%, Profit Slid 2%

Delta Galil sales rose 10% in 2018 while profit declined 2%. Things accelerated in the fourth quarter, however, where sales jumped 22% while profit surged 23%. » I want to read more and receive info from Delta Galil

Curve New York Runs Next Week, Feb. 25-27

Next week Curve New York opens at the Javits Center on Monday and runs for three days, February 25 through 27. » I want to read more and receive info from Curve

Hanes 2018 Innerwear Sales -3.4%, Profit -9.3%

Hanes Innerwear division sales fell 3.4% and operating profit dropped 9.3% in 2018. But the parent company fared much better with overall sales rising 5.1% and profit surging 793.6%. » I want to read more and receive info from Hanes

iFabric Lost $327,000 in Q1 As Sales Fell 52%

iFabric reported a loss of CAD 431,778 (Canadian dollars, about $327,000 at today’s exchange rates) in its fiscal first quarter 2019, as its sales dropped 52% to CAD 2,471,881 (about $1.87 million). » I want to read more and receive info from iFabric

EuroSkins Valentine’s Day Sale Now Going On

EuroSkins has launched an extensive “Valentine’s Day Event” for its wholesale accounts. » I want to read more and receive info from EuroSkins

Van de Velde Sales Fell 1.8% In Fiscal 2018

Van de Velde sales fell by 1.8% in fiscal 2018, decreasing from 209.0 million euros (about $239 million at current exchange rates) in fiscal 2017 to 205.2 million euros (about $234 million). » I want to read more and receive info from Van de Velde

Naked Faces Ongoing Lawsuit From Investor

A nasty fight has been simmering for the past several months between Naked Brand Group and Alrai Capital over the latter’s $12 million pre-merger investment. » I want to read more and receive info from Naked Brand Group

VS, Pink Comps -6%; La Senza Sale Closed

Victoria’s Secret and Pink December comparable store and direct sales in the U.S. and Canada fell 6%, following a 1% decline for the brands in December 2017. » I want to read more and receive info from Victoria’s Secret

iFabric Q4 Sales -62% As It Exits Sleepwear

iFabric’s abrupt exit from the sleepwear market resulted in a 62% drop in sales and a CD$222,058 (about $163,000 at current exchange rates) loss in its fourth quarter ended September 30, 2018. » I want to read more and receive info from iFabric

Marleen Vaesen Is New CEO At Van de Velde

Van de Velde has a new CEO, Marleen Vaesen, who has been a board member since 2012. She replaced Erwin Van Laethem, who led the company for the last two years after spending 27 exclusively in various parts of the energy business. » I want to read more and receive info from Van de Velde

Delta Galil Sales Rise 9% In Third Quarter

Delta Galil third quarter sales increased 9% while net income fell 33% mainly due to costs related to the recent acquisition of Eminence Group and other restructuring. » I want to read more and receive info from Delta Galil

John Mehas Named CEO of Victoria’s Secret

John Mehas, was named the new CEO of Victoria’s Secret Lingerie, replacing Jan Singer who resigned in mid November. He is currently the president of Tory Burch and will start in “early 2019.” » I want to read more and receive info from Victoria’s Secret

Naked Gives Up More Shares To Buy FOH

Naked Brand Group Limited announced it had acquired FOH Online Corp., “the exclusive licensee of the Frederick’s of Hollywood brand for global e-commerce business,” at a price of $18.2 million. » I want to read more and receive info from Naked Brand Group

VS Parent Will Report Rare Quarterly Loss

Victoria’s Secret parent L Brands today said it expects to report a rare net loss when it announces its third quarter results later this month, a large part of it due to “an approximate pretax non-cash impairment charge of $80 million related to certain Victoria’s Secret store assets.” » I want to read more and receive info from Victoria’s Secret

Hanes Q3 Innerwear Sales, Profit Both Down

Innerwear sales fell 6.9% at HanesBrands, while “segment operating profit” fell 13.6% in the three months ended September 29, 2018. For the company as a whole, sales rose while net income fell. » I want to read more and receive info from Hanes

Sales, Income Down Again At Wacoal U.S.

Fiscal first half sales and operating income both fell at Wacoal’s U.S. division, repeating declines reported in the first quarter. » I want to read more and receive info from Wacoal

Naked CEO, Armistice Capital Invest $3.4M

Both Naked’s CEO and its largest institutional investor recently “closed a private placement of ordinary shares and warrants for aggregate gross proceeds of approximately $3.4 million.” » I want to read more and receive info from Naked Brand Group

Naked Not Getting $25 Million Investment

Naked Brand Group Limited will not be receiving the recently proposed $25 million investment from Sapinda Holding B.V., according to a joint press release. » I want to read more and receive info from Naked Brand Group

Sale Or Closure May Be Coming For La Senza

Parent company L Brands may, apparently, sell or close its La Senza chain of stores according to an opaque announcement today. The division, with its company-owned shops mainly located in Canada, is expected to report “approximately $250 million” in 2018 sales, with an operating loss of $40 million. » I want to read more and receive info from Victoria’s Secret

NILS To Be Held Same Dates As Vegas Curve

A new confluence of trade shows will occur next February when, for the first time, both Curve and the New International Lingerie Show (NILS) will both be held on the same dates, the 5th, 6th and 7th of the month. » I want to read more and receive info from New International Lingerie Show

Wacoal U.S. Division Sales -6%, Income -10%

First quarter sales at Wacoal International, the U.S. division of the Japan-based firm, fell 6%, while operating income dropped 10%. Meanwhile, for Wacoal globally, sales rose 1.4% and net jumped 59.6% for the three months ended June 30, 2018. » I want to read more and receive info from Wacoal

Calida First Half Sales +10.7%, Income -25.1%

Calida Group first half sales rose 10.7% while net income fell 25.1% “due to positive one-time effects from tax and valuation of foreign currency positions in the prior year,” according to the company. » I want to read more and receive info from Calida Group

Naked May Land $25M Sapinda Investment

At the end of August, Naked Brand Group announced it had reached a non-binding agreement to receive a $25 million investment from Sapinda Holding B.V. (Sapinda), owner of La Perla. But no further developments on the deal have been announced in the month since. » I want to read more and receive info from Naked Brand Group

FMMG Works With Firms Seeking A Buyer


FMMG Advisors LLC, managed by Nick Monjo, provides information and confidential advice to companies looking to find a buyer for their apparel firm. » I want to read more and receive info from FMMG Advisors LLC

Wolford Q1 Sales -14%; Loses $8.8 Million

Wolford sales fell 14% while losses increased to 7.56 million euros (about $8.8 million at recent conversion rates) in the first quarter of its current fiscal year. » I want to read more and receive info from Wolford

Aerie Q2 Comps +27%; Were Up 26% Last Year

Aerie second quarter comparable store and online sales jumped 27%, that on top of a 26% rise in the same quarter a year ago. » I want to read more and receive info from Aerie

Delta Galil Q2 Sales Flat, Net Income -28%

Second quarter income at Delta Galil declined 28% while sales dropped only slightly. » I want to read more and receive info from Delta Galil

Delta Galil Completes Acquisition of Eminence

Delta Galil announced that it has completed the previously reported acquisition of French underwear brand Eminence SAS and its subsidiaries. » I want to read more and receive info from Delta Galil

Many Intimates Firms At Las Vegas Offprice

The Las Vegas Offprice Show, as of mid-July, listed at least 76 companies under the various categories of women’s intimates, women’s hosiery, women’s sleepwear, women’s loungewear, men’s underwear, men’s hosiery, men’s loungewear and men’s sleepwear. » I want to read more and receive info from Offprice Show

Paris Lingerie Show Attendance Declines 9%

The recent Paris lingerie show, Unique by Mode City, and its companion textile exhibition, Interfilière, “saw visitor attendance drop by 9%” overall. » I want to read more and receive info from Eurovet

Altitude Intimates Lists Spring 2019 Show Dates

Altitude Intimates has announced “that its spring show in 2019 will take place at the Paris Hotel in Las Vegas on April 8, 9, and 10.” Altitude also announced the appointment of Valerie Jones as its new managing director. » I want to read more and receive info from Altitude Intimates

Bendon Reveals Huge Losses As It Merges

As Naked Brand Group and Bendon Limited announced the consummation of their merger, Bendon itself revealed huge losses in its past two fiscal years, about $25.7 million and $27.4 million respectively, at current exchange rates. » I want to read more and receive info from Naked Brand Group Limited

Naked Brand Group Q1 Losses Shrink Sharply

Naked Brand Group sales rose and it’s losses shrank dramatically in the three months ended April 30, 2018. A big part of the sales increase was due to a consignment agreement with its new merger partner. » I want to read more and receive info from Naked Brand Group

Naked Shareholders Vote To Merge With Bendon

Naked Brand Group stockholders have voted to merge with Bendon, the much larger, New Zealand based intimates firm. The plan has been in the works for over a year. » I want to read more and receive info from Naked Brand Group

VS Mailing Catalog, May Return To Swim

Victoria’s Secret is again mailing a print catalog (which, in a face saving measure, it insists on calling a “magalog”). And it may bring back swimwear, a category it announced it was exiting a couple of years ago. » I want to read more and receive info from Victoria’s Secret

First Quarter Profits, Sales Rise At Delta Galil

Delta Galil reported first quarter earnings of $7.4 million on sales of $334.5 million compared to a profit of $5.6 million on sales of $315.7 million in the same period last year. » I want to read more and receive info from Delta Galil

Hanes Innerwear Sales, Operating Profit Fall

Hanesbrands Innerwear segment sales fell 2.8% in the first quarter, while the division’s operating profit plummeted 13.0%. Meanwhile the company as a whole, which has other large divisions including activewear, posted increases in both sales and profits. » I want to read more and receive info from Hanesbrands

Naked: Loses $5.8M On Higher Sales Of $2.9M

Naked Brand Group sales increased, in the year ended January 31, 2018, to $2.9 million, but it nevertheless reported a loss of $5.8 million. The firm is expected to merge with Bendon by the end of May. » I want to read more and receive info from Naked Brand Group

Naked, Bendon Ltd. Move Closer To Merger

Naked Brand Group and Bendon Limited moved closer to their previously announced merger, with the SEC declaring their merger registration statement effective. A vote of the shareholder of both companies has been scheduled for May 31, 2018, at 10:00 a.m. » I want to read more and receive info from Naked Brand Group

U.S. Sales For Calida Down 2 Years In Row

2017 sales at the Calida Group, which offers intimate and related apparel under both the Aubade and Calida brands, as well as other products under other brands, declined in the U.S. for the second year in a row, while they expanded elsewhere around the world in 2017. » I want to read more and receive info from Calida Group

Wolford Halves Loss For First Nine Months

Wolford, a majority in stake in which was recently acquired by a Chinese conglomerate, halved its losses for the first nine months of its fiscal year. » I want to read more and receive info from Wolford

Tefron Sales Rise Again To $121.5 Million in ’17

2017 sales at Tefron Ltd. rose to $121.5 million, up from $116.4 million in 2016 and $93.1 million in 2015. » I want to read more and receive info from Tefron

PVH: Sales and Income Rose In 4th Quarter 2017

PVH income in the fourth quarter of 2017 rose to $107.9 million on higher sales of $2.38 billion, compared to income of $100.5 million on sales of $2.00 billion in the same quarter in fiscal 2016. » I want to read more and receive info from PVH

Wacoal U.S. Sales Down In Fiscal 3rd Quarter

At Wacoal, a variety of factors led to a decline in sales of “new products” for Wacoal’s U.S. division for the three months ended December 31, 2017. » I want to read more and receive info from Wacoal

Filing Reveals Ongoing Losses At Bendon Group

Bendon Group Holding Ltd. has posted significant recent losses, including in the six month period ending July 31, 2017, and in the years ending June 30, 2016 and June 30, 2015. » I want to read more and receive info from Bendon Group

Sales At Delta Galil -1% In Q4, +16% For Year

Fourth quarter sales fell 1% at Delta Galil, but jumped 16% for the full year. Net income was up 8% in the quarter, but fell 6% for the twelve months. » I want to read more and receive info from Delta Galil

Naked Brand Group Top Financial Officer Exiting

The principal financial officer and vice president of finance at Naked Brand Group has resigned as of March 23. Kai-Hsiang Lin has held those positions since March 22, 2016. » I want to read more and receive info from Naked Brand Group


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