Delta Galil has signed a deal to acquire intimates online retailer Bare Necessities. No terms were disclosed but it said the transaction is expected to close in the next few weeks and be accretive to earnings next year.
The former Givenchy CEO has joined the Richemont group, where he will supervise the fashion and accessories division from September. He succeeds Eric Vallet, who left last October to become CEO of Rémy Cointeau.
The French organiser of lingerie and swimwear trade events is busy on a new Parisian project for next June, and meanwhile has relocated the Curve Las Vegas show to Los Angeles and Interfilière Hong Kong to Shenzhen.
Fom August 4 through 6, more than 250 intimates and swimwear brands hit New York’s Javits Center, where Curve NY celebrated inclusivity and confidence, all while exploring the latest industry developments.
"We haven't yet found a better way of selling knickers than a beautiful bottom," says Sarah Stagliano, one of a new breed of French lingerie designers grappling with how to make exciting underwear in the age of #MeToo.
The ubiquitous athleisure trend is expected to be central to the growth of the global intimate apparel market over the next five years with sports bras becoming a leader among versatile and fashionable innerwear.