Apparel | Pixr8 News

7Dec By AdityaNo Comments

ACQUISITION

Apparel Brand Supreme acquired by VF Corp for $2.1 billion

VF Corp, the owner of Vans, Timberland, and The North Face clothing brand has acquired the famed streetwear brand Supreme in a deal worth $2.1 billion. The Carlyle Group and Goode Partners, are selling their stakes in the Supreme brand. This deal comes three years after private equity firm The Carlyle Group bought a 50% stake in the streetwear brand for $500 million, which valued Supreme at $1 billion. This is the same Carlyle Group who owned 50% stake for $500m in Beats Electronic and sold their stake to Apple for $3 billion just after eight months of the deal. Supreme sells apparel, accessories and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital. The Supreme brand’s founder, James Jebbia and the senior leadership team of t...

Customised apparel brand Alma Mater Store raises $200,000

Customised apparel brand Alma Mater Store has received $200,000 (around Rs 1.37 crore) funding from Wazir Advisors' Managing Director Harminder Sahni. Alma Mater Store CEO Sachin Sahni said to Pixr8 News, "the company will use the funds for "expansion and investing in new technology". We have a strong loyal customer base and we will continue to focus on building a profitable and sustainable business in the long term." Wazir Advisors Harminder Sahni Founder and MD said, "we are excited about how the customisation market is picking up in India. Customisation is the future of every consumer business.... Being the pioneer in their field, Alma Mater Store is ready to take up new challenges and we are delighted to be associated with them". As per the company, India is one of the fastest...

Wildcraft Enter in Wearable Space, Launched Tracking Device “SPOT”

Outdoor gear, apparel and footwear company Wildcraft has launched a GPS tracking device called SPOT, a location monitoring device via app on smartphone. A portable device, SPOT can be worn on the wrist as a band or hooked onto backpack via a clip, the company said. "The launch of SPOT is a first step into the exciting arena of wearable. By allowing you to see the location of your loved ones, SPOT takes away the stress of not knowing where they are if theyve been out of touch", Gaurav Dublish, Director of Wildcraft, said in a release here. "Weve got a host of parents expressing interest in the device from a safety standpoint," the release said. SPOT device comes as a kit with a dual mode technology, GPS + LBS enabling accuracy of up to 10 meters, it said in a release here. Wi...