FN PLATFORM is now bi-coastal. UBM Fashion Group, organizer of MAGIC, Coterie, Project, Stitch, AccessoriesTheShow, Accessorie Circuit and more, just announced the launch of FN PLATFORM in New York City. After opening in Vegas in 2010, FN PLATFORM has …
KORS ANNOUNCES Q1 2017 RESULTS
Michael Kors Holdings Limited has released its financial results for the fiscal 2017 first quarter ended July 2, 2016. Highlights: Total revenue increased 0.2% to $987.9 million from $986.0 million in the first quarter of fiscal 2016. On a constant cur…
JAXPORT’s Berth 35 undergoes upgrades
A project at the South Atlantic port’s Blount Island Marine Terminal on Berth 35 to install a high-voltage electrical system in anticipation of the arrival of three new 100-gauge electric container cranes in nearing completion.
THE INDUSTRY’S LATEST COPYRIGHT INFRINGEMENT LAWSUIT
Is imitation the sincerest form of flattery? According to one designer, the answer is an emphatic no! Acclaimed jewelry designer Pamela Love has sued e-tailer Nasty Gal for copying three of its designs protected by copyright, according to The Fashion Law. Pamela Love’s three designs in dispute–the Five Spike earring, …
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USPS posts massive quarterly loss despite rising revenues
The U.S. Postal Service reported a $1.57 billion loss in its fiscal third quarter on revenues that ticked up 0.7 percent to $16.6 billion compared with the same 2015 period as increased package volumes were offset by higher operating costs.
Australia Post buys minority stake in Dubai-based logistics provider
The national postal carrier of Australia has purchased a 4.5 percent stake in global transportation and logistics provider Aramex for a reported $100 million Australian (U.S. $76 million) in an effort to boost its e-commerce capabilities.
Warburg Pincus invests $255m in BlueGrace Logistics
The private equity firm, which is known for investing in logistics technology, has invested $255 million in BlueGrace Logistics, whose business is largely built around less-than-truckload brokerage and enterprise supply chain management services.
El Faro’s ‘black box’ has been recovered
The voyage data recorder from the El Faro, the cargo ship that sank during Hurricane Joaquin on Oct. 1, 2015, has officially been retrieved.
Ocean3 alters Asia-Europe loop
The Ocean3 Alliance, comprised of ocean carriers CMA CGM, CSCL and UASC, is dropping calls at Dalian and Zeebrugge on its FAL 1 service.
WFS secures three air cargo-handling contracts
The air cargo handler began its contracts with Air India and Icelandair Aug. 1 and will start its services for Rossiya/Aeroflot Oct. 1.