German intimates, leisurewear and hosiery producer Schiesser has appointed London-based trade agency Concrete Concepts as its exclusive distributor, also becoming "first point of contract" for a number of related brands.
The apparel manufacturer reported net sales of $459.7 million for the fourth quarter ended December 31, 2020, on Wednesday, a year-over-year decrease of 9% that also led the company’s bottom line to slip.
Delta Galil has signed a deal to acquire intimates online retailer Bare Necessities. No terms were disclosed but it said the transaction is expected to close in the next few weeks and be accretive to earnings next year.
The owner of 7 For All Mankind announced record Q4 and full-year sales and earnings on Wednesday thanks to strong top and bottom-line growth, but the coronavirus outbreak cast a long shadow over its outlook for 2020.