>>
Home / Knowledge / News / Apparel/Garments / 12 ReTech acquires E-motion Apparel
12 ReTech acquires E-motion Apparel
15
Mar '18
Courtesy: E-motion Apparel
Courtesy: E-motion Apparel
The 12 ReTech Corporation has announced the acquisition of E-motion Apparel, Inc. in a stock for stock transaction. The management of E-motion Apparel will be retained and will assist 12 ReTech with the growth of its e-commerce channels going forward. E-motion Apparel owns several brands including Lexi-Luu Dancewear, Punkz Gear and Skipjack.

"We are pleased to have E-motion Apparel as the first acquisition of our consumer product microbrand rollup strategy. Their US-based manufacturing capabilities will enhance our ability to quickly produce new samples and product ideas which is critical to the successful execution of our e-commerce strategy for apparel," Angelo Ponzetta, 12 ReTech's CEO, said.

"I am impressed by the software technology of 12 ReTech which helps retailers to fight and thrive in the very tough environment we are experiencing today. I feel that their technology will determine the future winners in the retail industry. Joining 12 ReTech is very exciting to me. I expect our brands to benefit greatly under 12 ReTech’s ownership, as I will now have access to the working capital that I have been looking for to get our business to the next level of success. Once we receive the working capital, I am projecting $1.4 million in revenues, with $300 thousand EBITDA over the next 12 months. There are opportunities that I see where we could double these projections in the second 12 months,” Hub Blanchette, owner and CEO of E-motion of Apparel.

"Hub Blanchette's brands are not well known throughout the world yet, but they have a large potential to grow. What I especially like about E-motion Apparel is that the company has their own manufacturing capabilities in the US which are tailored for smaller production runs. This will allow us to keep our online offerings new and fresh and should reduce our lead-time to test new products before committing the resources to produce large production runs overseas. This strategic asset will be very useful for our next moves," Ponzetta added.

"I see E-motion Apparel as the foundation stone of our microbrand acquisition strategy in the US in support of our technology efforts worldwide. As I recently explained in my recently published shareholders update letter, we are working on many microbrands that fit our rollup acquisition model. It happens that this one, which hadn't been announced, came together very quickly, while some of our previously announced acquisitions are taking a little longer because they need third-party approvals such as from their banks. Notwithstanding, we still expect to acquire all of the acquisitions already announced," concluded Ponzetta. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Jan 2022

Supply bottlenecks, high prices, omicron affect growth prospects: ECB

The global economy is on a recovery path, although persisting supply...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Cargo flight sector in China recovers to near-2019 level

The air cargo industry in China has recovered, nearing the 2019...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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

Leave your Comments

ESTEEMED CLIENTS

Splash
Guess Europe Sagl,
Grasim Industries Limited
Asos
J ;& P Coats
Desigual - ABASIC, S.A.
PVH Corporation
Cat Tuong Real Estate Group Joint Stock Company
Sateri (Jiujiang) Fiber Co.,Ltd
IKEA of Sweden AB
THE BOMBAY DYEING ;& MFG.CO. LTD
Lifestyle
Bluestem Global Sourcing Limited
Lisa S.P.A.
KAS Direct Sourcing
TESCO INTERNATIONAL SOURCING LIMITED
Page Industries Limited (Bangalore)
The LYCRA Company Singapore  Pte. Ltd
Gloria Jeans
Boardriders Asia Sourcing Limited
Calvin Klein
OVS Hong Kong Sourcing Ltd.
BIANCA
SHAHI Exports Pvt Ltd
Arvind Limited
John Varvatos
Varner AS Retail
MAS Active / MAS Kreeda / MAS Bodyline
Lululemon Athletica Inc
Truetzschler India Private Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
International Textile Manufacturers Federation
Esprit Europe Services GmbH
Alison Hayes Romania
Sainsbury's Argos Asia Limited
Alix Partners
Aquarelle Clothing Limited
Groz-Beckert East Asia LLP
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
IDH – The Sustainable Trade Initiative
Helly Hansen Far East Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Gokaldas Exports Limited
SYNERGIES HONG KONG LIMITED
Chori Company Limited
Huntsman (Singapore) Pte Ltd
Sportmaster Ltd.
Rosset ;& Cia Limited
Target Corporation (MN)
LC Waikiki
Sportswear Company Spa
Vianney Textil Hogar S.A. De C.V.
Rayonese Textile Inc., Division de Culp Inc.
Green Fibre
Tchibo GmbH
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Recron Polyester from Reliance Industries Limited
Reiter India Private Limited
BIMBA ;& LOLA SL
G-Star Raw C.V.
Eastman Chemical Company
Benetton Group
Amazon China
Hela Clothing Pvt Ltd
Etam Group Strategy Hong Kong Limited
Decathlon
T.T. Limited
NITI Aayog
Hirdaramani International Export Private Limited
Maceton Limited
Lacoste (Wanchai)
Restoque S.A.
Babyshop
Chico’ FAS
Tommy Hilfiger
Lenzing Aktiengesellschaft
C;&A Sourcing International Ltd
Midas Clothing Limited
Under Armour Global Sourcing Ltd
Puma
The Top Form Brassiere Manufacturing Company Limited
KIABI
Abit
Landmark Group
Permoda(Koaj/Armi/Pronto/Bkul)
Seasalt Limited
Aramark Uniform ;& Career Apparel, LLC
Brandix Lanka Limited
Gatsby Africa
Vardhman Textile Ltd

January 2022

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


Advanced Search