Week in Review: 10 Must Knows

Dov Charney, found and controversial leader at American Apparel

A Battle is Brewing: Dov Charney, found and controversial leader at American Apparel, plans to take on the board over his ouster…

New York—Somewhat of a buying splurge has been going on in the fashion industry. Companies, some already huge such as Hanesbrands, are becoming more so by purchasing large companies that fill a niche that don’t already have.

Hanesbrands acquired a Western European business when it acquires DBApparel, a Paris-based company that once was its colleague under the Sara Lee corporate banner.

‘Transformational Acquisition’

Hanesbrands has long coveted European business which it gains through its DBApparel purchase.

Moreover, Hanesbrands said the deal is expected to boost its adjusted operating profit by 21% and add more than $875 million in annual net sales within three or four years of closing.

Similarly Sequential Brands Group will spend about $260.3 million to acquire Galaxy Brands and its brands.

Sequential called the deal a “transformational acquisition” that will position the company as “one of the largest pure-play brand licensing companies in the world.” 12 brands in total, for nearly $2 billion in global retail sales annually, the company said.

These are hardly the last major purchases for the year…stay tuned.

For a closer look at these new items

Sequential Brands to Acquire Galaxy Brand for about $260.3 Million

Dov Charney to Fight Ousting from American Apparel

Hanesbrands Buys French Apparel Company for $550 Million

Retailers Hail Supreme Court Decision on NLRB Appointments

Authentic Brands Closing Juicy Couture Stores

Deloitte: Global Luxurygoods Remains Resilient, Despite Tougher Market

Lululemon’s Size Makes it an Unlikely Takeover Target

American Apparel Dismisses Charney Accusations

Net-a-Porters Bows First Google Glass Styles

maurices Continues Major Expansion

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