latest from financial and general interest news

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

Victoria’s Secret Sales $6.785 Billion In 2021

Victoria’s Secret earned $646.4 million on sales of $6.785 billion in 2021 compared to a loss of $72.316 million on sales of $5.413 billion in 2020. » I want to read more and receive info from Victoria’s Secret

Calida Sales Rose 19.2% To 298.4M Swiss Francs

2021 sales rose 19.2% at the Calida Group, the lingerie firm that is parent to the Calida, Aubade and the newly acquired Erlich Textil brands. Online sales rose 26.7% and represented 27% of total sales. » I want to read more and receive info from Calida

Intradeco Invests $100+ In Central America

Intradeco Holdings, a Miami-based supplier of casual clothing and thermal underwear to major retailers in the U.S., Mexico, and Canada, announced it is in the process of “investing over $100 million in Central America to make the most of the CAFTA-DR and nearshoring opportunities, advance full circularity, and expand solar power with three major projects.” » I want to read more and receive info from Intradeco

iFabric: Record Sales, Earnings In Fiscal 2021

Toronto-based iFabric reported record annual revenue of $19,763,672 (in Canadian dollars, about $15.7 million at today’s exchange rates), for its fiscal year ended September 30, 2021. Net earnings after tax attributable to shareholders were $2,369,698 (about $1.9 million). » I want to read more and receive info from iFabric

January Paris Lingerie Show Postponed To June

The big Paris lingerie and textile trade shows, originally scheduled for January 22-24, have been postponed until June 18-22 due to Covid. » I want to read more and receive info from Comexposium

Curve Returning To Javits February 27th

Curve New York is moving back to the Javits Center for its next show, February 27, 28 and March 1st. Curve will also host a show in Los Angeles on March 6 and 7. » I want to read more and receive info from Curve

Expanded Evolution Show Heads To NYC

The Evolution Concept Show has expanded its in-person lingerie exhibition scheduled for February 26 through March 1, 2022 at 873 Broadway (between 18th & 19th Street). » I want to read more and receive info from Evolution

Gildan Acquires Frontier Yarns For $168 Million

Gildan Activewear acquired Frontier Yarns in December for approximately $168 million. » I want to read more and receive info from Gildan

Delta Galil Will Be $2 Billion Firm In 2022

Delta Galil expects to be a $2 billion company by the end of 2022 according to its own sales projections, a 10% increase over full year 2021 projections. » I want to read more and receive info from Delta Galil

For Sale: Profitable NY Mastectomy Shop

A highly profitable mastectomy and lingerie shop in the New York City area is for sale. Owner has been working part time yet also draws a salary of $100,000. There are many easily achievable ways to expand both sales and profits. Contact Nick Monjo at (917) 602-9430 or nick@FMMG.com for more information. » I want to read more and receive info from FMMG Advisors

Interview: Matthew Fink On India Production

Matthew Fink, managing director of Fastech and S&S Industries, suppliers of the many components that go into apparel, especially bras and other intimates, was interviewed by BODY publisher Nick Monjo. The focus was Fink’s growing business in India, and how that relates to his other operations in China. Fink is also the president of U.S. operations at Magic Link Garment and CEO of the SX Investment Group. » I want to read more and receive info from Fastech

Delta Galil: Sales, Net Rise; New Polo License

Delta Galil earned $32.5 million on sales of $501.1 million in the third quarter, compared to a profit of $19.5 million on sales of $382.9 million in the three months ended September 30, 2020. » I want to read more and receive info from Delta Galil

Highly Profitable East Coast Lingerie Shop

For sale: long established and always successful East Coast lingerie shop, now enjoying its most profitable year in nearly a decade. (Listing 29671). Contact Nick Monjo at (917) 602-9430 or at Nick@fmmg.com. » I want to read more and receive info from Retail Shop For Sale

Delta Galil Files To List Shares Publicly In U.S.

Delta Galil, which is already a public company on the Tel Aviv stock exchange, has filed to “list its ordinary shares on the Nasdaq Global Select Market in the United States under the ticker symbol DLTG.” » I want to read more and receive info from Delta Galil

Naked’s CEO Again Mentioned Possible Deal

Naked Brand Group, which produces intimates under the licensed Frederick’s of Hollywood label, announced it was somewhat closer to a long anticipated partnership with another firm. » I want to read more and receive info from Naked Brand Group

iFabric Intimate Apparel Sales Jump 468%

The Intimate Apparel Division at iFabric returned to profitability in the quarter ended June 30, as company sales jumped 29.3% to $4,155,829CD, (Canadian dollars, or about $3,282,897 at current exchange rates) compared to $3,214,465CD (about $2,539,266) in the same quarter last year. » I want to read more and receive info from iFabric

Successful Shows Lead Up To September ILS

“After a series of productive and health-conscious apparel shows this summer, the New International Lingerie Show continues to grow, now with over 300 retail accounts pre-registered and 50 exhibitors signed for its event September 13 and 14 in Las Vegas,” co-owner Tim McNamara told BODY. » I want to read more and receive info from New International Lingerie Show

Curve Show At New Downtown Location

The two day Curve show, August 1st and 2nd, drew a host of brands to a new location in downtown Manhattan: Spring Studios. » I want to read more and receive info from Curve

Interview: Problems Plague China Production

In March, BODY publisher Nick Monjo interviewed Dreamgirl owner Barry Revzen about his experience with rising intimate apparel prices at Chinese factories. In this installment, the producer explains how rising prices, and a host of other issues, are continuing to plague Chines production. » I want to read more and receive info from Dreamgirl

Group Urges Changes At Soma Parent Company

An activist investor group that says it owns 2% of the outstanding shares in Soma parent company Chico’s FAS, wrote a letter to the board, pointing out that Soma, if considered as a separate entity, could be worth more than the entirety of the firm. » I want to read more and receive info from Soma

Altitude Announces Dates For 2022 Show

Altitude announced it’s next lingerie and adult novelties show will open at the MGM Grand in Las Vegas on Monday, March 14, 2022 and run three days through the 16th. » I want to read more and receive info from Altitude

ILS Releases More Info About September Show

The International Lingerie Show claimed its upcoming September show in Las Vegas “is going to be the largest ILS show in years,” as well as providing additional pricing information. » I want to read more and receive info from New International Lingerie Show

Hanes Innerwear: Sales +35.0%, Profit +56.2%

HanesBrands Innerwear sales rose 35.0% while that segment’s operating profit soared 56.2%, in the three months ended April 3, 2021. » I want to read more and receive info from HanesBrands

Delta Galil Nets $15.1M As Q1 Sales Jump 25%

Delta Galil earned $15.081 million on sales of $416.135 million in the quarter ended March 31, compared to a loss of $19.990 million on sales of $332.683 million in the same period last year. » I want to read more and receive info from Delta Galil

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