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 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.
The American subsidiary of the Japanese lingerie company has announced that it has named Mitch Kauffman as its new president and CEO, roles in which he will succeed Bob Vitale, who is leaving the group after 22 years.
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.
The Japanese underwear manufacturer has entered into an agreement to acquire U.S. lingerie company Intimates Online, which operates the Lively brand, for $85 million, as it looks to boost its growth in the region.
Lingerie specialist Wacoal and sportswear group Descente Ltd have partnered up for a business alliance that will extend to design, manufacturing, distribution, in the areas of ‘beauty, health and comfort’.
Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
UK-based underwear and swimwear maker Wacoal EMEA has reported rising turnover in its financial year to March 31 2017. But that didn’t help its bottom line and it also reported a drop in its pre-tax profit.