Fashion

Kinbow Acquires Majority Stake in Ashley Stewart, Inc. Expanding Its Commitment to Retail

Retrieved on: 
Monday, April 1, 2024
Fashion, Retail, Guggenheim Partners, Woman, Acquisition

(“Kinbow”), today announced the agreement to acquire the majority stake of Ashley Stewart, Inc. (Ashley Stewart) from ASI Holdco, LLC, the parent company of Ashley Stewart, the leading fashion retailer of apparel, intimates, and accessories for women sizes 10 to 36.

Key Points: 
  • (“Kinbow”), today announced the agreement to acquire the majority stake of Ashley Stewart, Inc. (Ashley Stewart) from ASI Holdco, LLC, the parent company of Ashley Stewart, the leading fashion retailer of apparel, intimates, and accessories for women sizes 10 to 36.
  • This strategic acquisition is designed to further strengthen Kinbow’s growing position in the value fashion retail market.
  • Kinbow plans to continue to operate all of Ashley Stewart’s brick-and-mortar stores and ecommerce business in their current form and keep Ashley Stewart’s management team in place.
  • Kinbow LLC was represented by Norris McLaughlin, P.A., with attorneys Jeffrey K. Cassin , Mariya Gonor , and Samuele Riva leading the transaction.

Kidpik and Nina Footwear Announce Entry Into Definitive Merger Agreement

Retrieved on: 
Monday, April 1, 2024
Retail, Footwear, Online Retail, Fashion, Growth, NOL, Shoe, PIK, Dogcart, Mining

Kidpik Corp. (NASDAQ: PIK) (“Kidpik”), a kids’ online clothing subscription-based e-commerce company, and Nina Footwear Corp., a private company operating a brand specializing in women’s and kids’ dress shoes and accessories for special occasions (“Nina Footwear”), today announced that they have entered into a definitive merger agreement.

Key Points: 
  • Kidpik Corp. (NASDAQ: PIK) (“Kidpik”), a kids’ online clothing subscription-based e-commerce company, and Nina Footwear Corp., a private company operating a brand specializing in women’s and kids’ dress shoes and accessories for special occasions (“Nina Footwear”), today announced that they have entered into a definitive merger agreement.
  • In connection with the merger, Nina Footwear stockholders will be issued shares of common stock of Kidpik such that upon closing thereof, Nina Footwear’s stockholders will own 80% of Kidpik’s outstanding common stock.
  • Kidpik is controlled by Mr. Ezra Dabah, the Chief Executive Officer, Chairman, and majority stockholder (67% beneficial owner) of Kidpik, who is also the Chief Executive Officer of Nina Footwear.
  • Mr. Dabah and his children own approximately 79.3% of Nina Footwear, and Mr. Dabah and his extended family own 100% of Nina Footwear.

Return to Sender? Only If It’s Convenient

Retrieved on: 
Tuesday, April 2, 2024
Software, Other Retail, Technology, Supply Chain Management, Fashion, Retail, Security, Department Stores, SCA, Common, Financial services, Ageing, Research, Marketing, PayPal, Collection, OnePoll, Online shopping

This underscores the importance of going beyond the "buy now" button and focusing on the entire retail life cycle, from delivery to return.

Key Points: 
  • This underscores the importance of going beyond the "buy now" button and focusing on the entire retail life cycle, from delivery to return.
  • Return policies drive buying decisions: 86% of Spanish consumers consider return policies very or fairly important when choosing a retailer, with well over half of those saying “very important.” Overall, 77% of European consumers agreed that return policies are fairly or very important.
  • Ease of return is paramount: 83% of respondents across Europe find ease of return crucial, reflecting sentiment in Spain where 91% agreed that easy returns were vital.
  • Preferred return methods vary: Spanish consumers agreed with other Europeans that courier collection provided their preferred return experience (39%).

Live La Dolce VELVEETA with New Limited-Edition VELVEETA Gold Hair Dye

Retrieved on: 
Monday, April 1, 2024
Fashion, Entertainment, Cosmetics, Retail, Celebrity, Food, Beverage, Human, Intuition, Attitude, Human hair color, Amazon (company), Cheese, Gold, Multimedia, Individual

VELVEETA, known for encouraging fans to live a life of unapologetic pleasure, is launching its very first hair dye: VELVEETA Gold.

Key Points: 
  • VELVEETA, known for encouraging fans to live a life of unapologetic pleasure, is launching its very first hair dye: VELVEETA Gold.
  • View the full release here: https://www.businesswire.com/news/home/20240401312319/en/
    Live La Dolce VELVEETA with New Limited-Edition VELVEETA Gold Hair Dye (Photo: Business Wire)
    “La Dolce Velveeta is a lifestyle – always confident and forever in service of living by your own rules,” said Stephanie Vance, Brand Manager for VELVEETA.
  • I love my pasta and cheese so VELVEETA is an immediate yes and VELVEETA Gold hair is a look I can totally get behind.”
    VELVEETA Gold semi-permanent hair dye comes in a four-ounce jar which is enough to cover a head of short hair.
  • Those living La Dolce Velveeta are encouraged to flaunt their bold new hair color by tagging @Velveeta on Instagram and @Cheesy_Velveeta TikTok using hashtag #LaDolceVelveeta.

FIGS Releases Its 2023 Impact Report

Retrieved on: 
Monday, April 1, 2024
Specialty, Other Philanthropy, Environmental, Social and Governance (ESG), Environment, Fashion, Retail, Footwear, Environmental Issues, Professional Services, Health, Women, Philanthropy, DEI (Diversity, Equity and Inclusion), Men, Foundation, Nursing, Consumer, Medical Supplies, Supply Chain Management, Sustainability, Online Retail, Other Retail, Other Health, Organization, Entrepreneurship, Partnership, Female, Cancer, Mentorship, Black History Month, Water, Fire, Culture, Multimedia, Student National Medical Association

FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its 2023 Impact Report.

Key Points: 
  • FIGS, Inc. (NYSE: FIGS), the global leading healthcare apparel brand dedicated to improving the lives of healthcare professionals, today released its 2023 Impact Report.
  • The full FIGS 2023 Impact Report is available at wearfigs.com/impactreport and provides a comprehensive view into FIGS’ efforts to positively impact healthcare professionals.
  • View the full release here: https://www.businesswire.com/news/home/20240401113316/en/
    FIGS Releases 2023 Impact Report (Graphic: Business Wire)
    “Since day one, FIGS has been on a mission to improve the lives of healthcare workers globally,” said Trina Spear, Chief Executive Officer and Co-Founder.
  • Creating impact for our Awesome Humans, along with all of our stakeholders, is why we started FIGS and it’s what still drives us today.”
    Highlights of the FIGS 2023 Impact Report include:
    FIGS donated almost $600,000 to 17 organizations.

Guess?, Inc. Board Authorizes New $200 Million Share Repurchase Program

Retrieved on: 
Monday, April 1, 2024
Retail, Footwear, Fashion, Share repurchase, GES

Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.

Key Points: 
  • Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock.
  • also separately announced today that, as part of this new program and through a convertible bond exchange transaction, it has agreed to repurchase 326,429 shares of the Company’s common stock for $10.3 million.
  • Carlos Alberini, Chief Executive Officer, commented, “Returning capital directly to our shareholders is a high priority for our Board.
  • This $200 million share repurchase authorization and the more than $10 million repurchase we have announced today reflects our confidence in the business and follows our recently announced special dividend of $2.25 per share which will be paid in early May.

Guess?, Inc. Announces Issuance of Approximately $12.1 Million of Additional 3.75% Convertible Notes Due 2028 and Retirement of Approximately $14.6 Million of Existing 2.00% Convertible Notes Due 2024

Retrieved on: 
Monday, April 1, 2024
Fashion, Professional Services, Retail, Other Retail, Department Stores, Finance, Bank of America, Uncertainty, GES, Exchange, Bank, CUSIP, Sale, Observation, Judgement, Annual report, Debt-to-GDP ratio, Share repurchase, Subscription business model, Transaction, Repurchase agreement, Security (finance)

Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).

Key Points: 
  • Pursuant to the Exchange and Subscription Agreement, the Company will exchange approximately $14.6 million in aggregate principal amount of the 2024 Notes for approximately $12.1 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “2028 Notes”) (collectively, the “Transactions”).
  • The 2028 Notes will have the same CUSIP number as the Existing 2028 Notes and will be issued as additional notes under the indenture governing the Existing 2028 Notes.
  • The 2028 Notes are expected to trade interchangeably with the Existing 2028 Notes immediately upon settlement and be fungible with the Existing 2028 Notes.
  • The 2028 Notes will mature on April 15, 2028, unless earlier repurchased or converted in accordance with their terms.

Perfect Corp. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023

Retrieved on: 
Friday, March 29, 2024
Other Retail, Banking, Technology, Professional Services, Fashion, Cosmetics, Apps, Applications, Retail, Artificial Intelligence, Mobile, Wireless, Finance, Beauty, Bank statement, Annual report, Artificial intelligence, PERF

Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023.

Key Points: 
  • Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023.
  • The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at https://ir.perfectcorp.com .
  • The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request.
  • 98 Minquan Road, Xindian District, New Taipei City 231, Taiwan, or via email at [email protected] .

Dawson-Forté Cashmere Shareholders Sell Majority Equity Stake to Tempus Partners

Retrieved on: 
Thursday, March 28, 2024
Luxury, Textiles, Women, Finance, Banking, Professional Services, Manufacturing, Fashion, Consumer, Retail, Growth

Dawson-Forté Cashmere (“Dawson-Forté”), the brand parent of KINROSS Cashmere and &Isla, is pleased to announce that the current shareholding group has sold a majority position to Tempus Partners, a consumer-focused private equity firm.

Key Points: 
  • Dawson-Forté Cashmere (“Dawson-Forté”), the brand parent of KINROSS Cashmere and &Isla, is pleased to announce that the current shareholding group has sold a majority position to Tempus Partners, a consumer-focused private equity firm.
  • Andy Bartmess will remain Dawson-Forté’s CEO and a shareholder.
  • MMG Advisors, Inc. brokered the transaction and acted as exclusive financial advisor to the sellers.
  • Scholhamer Business Law acted as legal advisor to the sellers; Benesch Friedlander Coplan & Aronoff acted as legal advisor to Tempus Partners.

Amerex Group Unveils Red Carter Swimwear's Revitalized Collection

Retrieved on: 
Thursday, March 28, 2024
Fashion, Online Retail, Retail, Luxury, Consumer, Catalog, Women, Multimedia, Woman, Collection, Season, Red, Fashion design

Amerex Group LLC (“Amerex”) is thrilled to announce the relaunch of the iconic Red Carter swimwear brand.

Key Points: 
  • Amerex Group LLC (“Amerex”) is thrilled to announce the relaunch of the iconic Red Carter swimwear brand.
  • Collaborating with renowned swimwear designer Red Carter, Amerex presents a refreshed collection that seamlessly blends Red's unique design perspectives and years of industry expertise.
  • View the full release here: https://www.businesswire.com/news/home/20240328908642/en/
    Red Carter High Contrast Collection triangle bikini top with tie side bikini bottom.
  • I can't wait to dress all my main characters in the Red Carter label," shared Red Carter, expressing his excitement about the collaboration.