The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
American fashion group PVH said Wednesday it is selling off brand trademarks and other assets for IZOD, Van Heusen, Arrow and Geoffrey Beene, as it looks to focus on its core global brands, Calvin Klein and Tommy Hilfiger. The transaction is expected to close during the third quarter of this year, subject to regulatory approval.
The deal comes amid a wave of consolidation in the American retail sector, with groups including Gap and Ralph Lauren shedding smaller labels to focus on a tighter portfolio of brands. ABG, a licencing company that owns Forever 21, Barneys New York, Juicy Couture and Nine West, has been an active player. In May, it joined forces with SPARC to acquire outdoor brand Eddie Bauer. The company is reportedly also planning for an IPO this year, according to Bloomberg.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.