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Jessica Simpson secures 67.5 million dollar loan for fashion brand

1 month ago   |   By Fashion United

Image: The Jessica Simpson Collection, Facebook
Jessica Simpson has secured a 67.5 million dollar term loan from Second Avenue Capital Partners, the lending arm of SB360 Capital Partners, for her clothing brand, The Jessica Simpson Collection.
The financing will go towards retiring an existing credit facility and further providing additional liquidity to fund new growth and expand the brand's portfolio.
Simpson, who launched her label in 2005, acquired 100 percent of the brand, together with her mother, Tina, in 2021 following the acquisition of Camuto Group, the label's previous...
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Itochu acquires rights to distribute Reebok in Japan

1 month ago   |   By Fashion United

Image: Reebok via Itochu
Itochu Corporation has announced that it has acquired the rights to distribute, market and licence Reebok in Japan from the brand's owner, Authentic Brands Group .
Itochu will work together with ABG and Locondo, a Japanese shopping mall company, as well as other partners, to develop the brand through retail and e-commerce, with the goal of enhancing Reebok's presence in the region.
In a release, Itochu said it is aiming to achieve sales of 20 billion yen through retail in the next five years.
It added that it plans to establish brand growth through prioritising...
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Calida Group acquires premium lingerie brand Cosabella for 80 million dollars

1 month ago   |   By Fashion United

Image: Cosabella via Calida Group
The Calida Group has acquired American premium lingerie and loungewear brand Cosabella for a total package of 80 million dollars including earn out thus reinvesting the sales proceeds from Millet Mountain Group.
Commenting on the development, Hans-Kristian Hoejsgaard, chairman of the Calida Group board said: “With the acquisition of the strong e-commerce brand Cosabella, we continue focusing the Calida Group on its core segment while simultaneously enhancing its online growth. This transaction is completely in line with the strategy Accelerate 2026 and...
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