Fashion Accessories Shippers Association – Connecting Cargo Globally
Norwest Venture Partners, a private equity firm based in California, has taken a minority stake in Kendra Scott Design Inc. Although the exact amount of the deal has not been announced, insiders familiar with its details say that it values the company at a whopping $1 billion. The deal has been in …
The post KENDRA SCOTT LANDS PRIVATE EQUITY INVESTMENT, COMPANY VALUED AT $1 BILLION appeared first on Accessories Magazine.
Talk about taking wearable technology a notch higher! Eyewear manufacturing group Safilo recently announced its collaboration with Interaxon Inc., a Canadian company that specializes in consumer brain sensing technology, for a potential line of wearable technology called SAFILOX. The partnership covers strategic research and development, as Safilo sees this as an …
The post SAFILO PARTNERS WITH INTERAXON FOR ‘BRAIN SENSING’ EYEWEAR appeared first on Accessories Magazine.
The ocean shipping industry set new records for demolition this year, sending 201 ships with an aggregate capacity of 699,000 TEUs to the scrapyard as of Dec. 20, according to the latest data from shipbroker Braemar ACM.
The transaction closed Wednesday and made Marken a wholly-owned subsidiary of UPS.
The Port of Long Beach Harbor Commissioners approved the sale of Hanjin Shipping’s 54 percent stake in Total Terminals International to MSC and its sister company Terminal Investment Ltd. Wednesday night by a 3-to-1 vote.
The White House warned that inaction to end the European Union’s longtime ban on U.S. beef imports will lead to retaliatory tariffs.
Tom Nightingale, a longtime freight transportation and logistics specialist, noted that in fast changing times such as these, it is critical that strategic leaders consider their end-to-end supply chain system as a whole in order to best succeed.
The Honolulu-based shipping company also announced this week that it raised $75 million through a private placement of 11-year final maturity senior unsecured notes.
However, despite the port experiencing its best November ever in terms of containers handled, its share on the North American container market declined from 12 months prior.
The U.S. maritime regulator said it is inviting comments no later than Feb. 28 on the petition that was filed by the Coalition for Fair Port Practices earlier this month.