Lingerie Brand Huit Is for Sale
April 20, 2016 by admin
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HUIT WOES: Eveden Huit, owner of the Huit lingerie and swimwear brand founded in 1968, is seeking a buyer to take over the firm after the company filed for the French equivalent of chapter 11 on April 6.
Rennes, France-based Eveden Huit is being monitored by the city’s commercial court that’s due to rule on its future in June. Potential buyers have until May 17 to put in their candidacy.
Eveden Huit’s president Patrick Bordessoule, an executive from Dirigeants Investisseurs, a firm specializing in rescuing companies in crisis, who joined the company on Feb. 1, cited a challenging lingerie market in France “that has seen a steady decrease of 2 to 3 percent in the recent years.”
He also noted its “complicated positioning,” which is mid- to high-end. “There’s lot of competition in the segment, and we cannot compete with mass-market brands,” he deplored.
Eveden Huit employs 83 people and in 2015 generated total sales of 6.2 million euros, or $6.9 million at average exchange rates for the period, about half of which were generated outside France. The U.S., where Huit is sold by retailers including Anthropologie, Nordstrom and speciality boutiques, generated the lion’s share of the company’s revenues abroad.
In 2012, Japanese innerwear, apparel and textiles giant Wacoal Holdings Corp. bought Eveden Group, the then parent of Eveden Huit. That was two years after Eveden Group acquired bankrupt Huit Diffusion, owner of Huit.
Bordessoule said Wacoal is ensuring that the sale process doesn’t affect business operations.
“The fall collection is currently being produced, and the summer 2017 collection will be presented at the Mode City trade show in July,” he said.
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Global Online Lingerie Market 2016-2020
April 20, 2016 by admin
Filed under Latest Lingerie News
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NEW YORK, April 18, 2016 /PRNewswire/ — About Online Lingerie Market
The term lingerie originated from the French word ‘linge’ for linen. In French, the term is used for both male and female undergarments, whereas in English it refers solely to women’s innerwear. Lingerie is made of fabrics like nylon, satin, silk, polyester, and lace. The evolving fashion landscape and the rising focus on comfort have resulted in increased demand for lingerie across regions. The opening of online lingerie stores has improved the growth prospects of the lingerie industry, as they offer a wide range of international and private labels through one platform.
Technavio’s analysts forecast the global online lingerie market to grow at a CAGR of 17.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global online lingerie market for 2016-2020. To calculate the market size, the report considers revenue generated from the online retail sales of the following lingerie products:
- Bras
- Daywear
- Loungewear
- Panties
- Shapewear
- Sleepwear
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
Technavio’s report, Global Online Lingerie Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Key vendors
- L Brands
- Maison Lejaby
- Lise Charmel
- PVH
- Wolf Lingerie
Other prominent vendors
- Baci Lingerie
- Chantelle
- Etam
- Hanes Brands
- Jockey
- Lindex
- Triumph
- Wacoal
- Wolford
Market driver
- Increased smartphone penetration
- For a full, detailed list, view our report
Market challenge
- Difficulty in choosing products
- For a full, detailed list, view our report
Market trend
- Availability of top brands online
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Read the full report: http://www.reportlinker.com/p02577318-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-online-lingerie-market-2016-2020-300253410.html
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