G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million. The transaction is expected to close in late 2016 or early 2017.
L’Oréal announced the aquisition of beauty makeup brand IT Cosmetics for $1.2 billion. The acquisition is an effort to answer the rising demand of makeup and hybrid skincare. See how this will benefit both brands going forward.
Party City announced leadership appointments. The appointment of Daniel J. Sullivan as CFO to succeed Michael A. Correale. The announcement coincides with Correale’s decision to step down as its global CFO to focus on the newly created position of EVP Chief Accounting Officer and Treasurer effective August 29, 2016.
Driven by ecommerce demand and competitive pressure, UPS is testing Saturday delivery this summer, reportedly in Atlanta, Philadelphia and Los Angeles. The volume of shipments will determine continuation and future expansion of the service.
Radial announced it has hired 3,200 workers to help leading retailers this holiday season. Radial employees will be trained to represent brands and retailers of all sizes, and cultivate a base of loyal, happy customers. See what the training will include and how it will help retailers this holiday season.
Font and technology specialists Monotype announced it would acquire visual marketing platform Olapic for $130 million. See what this means for for both companies and what it allows for Monotype going forward.
Staying One Step Ahead on Amazon August 10, 2016, 2:00pm ET You have successfully registered for the webinar and will shortly receive your email confirmation with all your login information. … Continue Reading →
Unilever has signed an agreement to purchase Dollar Shave Club, which is worth a reported $1 billion cash. Here’s what the deal means to both parties, and why Dollar Shave Club founder and CEO Michael Dubin’s handsome-ass grandfather would be proud.
The Yankee Candle Company has selected Aptos Inc., to help streamline, optimize and integrate its omnichannel retail operations and support engagement with customers. In choosing Aptos Inc., it has offered The Yankee Candle Company a strong retail point of sale, CRM, order management, sales audit and a loss prevention functionality.
eBags announced that it recorded record sales growth both for the second fiscal quarter of 2016, and during its Amazon Prime Day event. Here’s a look at how eBags fared during both time periods, and what’s escalating the company’s double-digit sales growth.