Home / Knowledge / News / Information Technology / TXT to buy Fashion Retail Planning expert Maple Lake
TXT to buy Fashion Retail Planning expert Maple Lake
24
Jul '12
TXT announced that it has entered a binding agreement for the acquisition of Maple Lake. Maple Lake is a leading vendor of Assortment Planning and Allocation solutions for Specialty Retailers with Head Quarters in Toronto, Canada, and offices in the UK and Australia. The Maple Lake acquisition is in line with the TXT strategy to become the leading provider of integrated retail planning solutions worldwide. The combined entity will be able to offer to its clients:

 •Global Coverage: with a strong presence in North America, Europe and Australia and a partner network to serve the  rest of the world.

•Leading Retail Planning Consulting Practice: the combined team is expected to be the largest in terms of dedicated retail planning consultants, with a unique combination of real life business process knowledge and experience as well as  advanced technical skills.

•Advanced Retail Planning Solution:  The TXT Integrated Retail Planning solution, already considered a worldwide best in class retail planning solution by customers and industry analysts, will be further improved, leveraging the advanced assortment planning and allocation capabilities available in the Maple Lake solution.

All of the existing Maple Lake products will continue to be commercially available, evolved and supported for a minimum of 5 years.

Marco Guida, TXT CEO, commented: “We’ve achieved an exciting milestone and an important and consistent next step in our strategy of becoming the worldwide leader of Integrated Retail Planning. We shall now be able to offer globally, solutions and services that have already proven to bring substantial benefits to Fashion and Retail leaders. We expect that the value generated for our customers will also continue to drive TXT sales and margins growth.”

Andrea Cencini, EVP Managing Director, added: “I want to extend a warm welcome to Maple Lake clients; we have invested in Maple Lake for the same reasons they selected Maple Lake: advanced solutions, great people and customer focus.  These are also TXT values and all Maple Lake clients can expect outstanding support and great opportunities to drive additional benefits to their companies in the future.”

Maple Lake President Neil Coulton and Maple Lake CEO Mark Stone have accepted strategic roles in the combined entity.

Neil Coulton commented: “At Maple Lake we are very excited to join the TXT family, we believe that the combination of business skills and the advanced technology available in the combined entity, will drive great benefits to Retail Companies.”

Mark Stone commented: “Retail Planning skills are a scarce resource in the market. Having such a large practice of experts working together is a unique opportunity to improve best practices, and solve some of the most complex retail planning problems. In addition, by combining our knowledge of North American, UK and Continental European retailing, we can help retailers exploit best practices that will drive real business benefits.

The acquisition is subject to the completion of the administrative and accounting procedure and is expected to be finalized by September 15th , 2012.

TXT e-solutions


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search