USA: Plans For Apparel B2B Venture Scrapped
Applied Intranet Technologies (Ai), Gerber Scientific and Internet Capital Group have decided that they will no longer pursue a previously announced joint venture in the online apparel industry. The three companies had planned to build and operate a global business-to-business (B2B) e-commerce site for designing, sourcing, and manufacturing apparel and sewn goods. The open Web-based B2B marketplace would have connected all segments of the apparel manufacturing and distribution chain, from fiber through to retail, facilitating e-commerce transactions in a secure linked environment. But in a statement, Mike Todaro, Ai's director of marketing admitted that "during a period of due diligence it was mutually determined that the integration of products, services and strategies would take longer than would be prudent for the companies. As a result all parties have agreed not to further pursue the transaction."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- "Power of the many" drives change at Otto Group
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022