Home / Knowledge / News / Apparel/Garments / Chargeurs Fashion acquires PCC's interlinings business
Chargeurs Fashion acquires PCC's interlinings business
29
Jun '18
Courtesy: Chargeurs
Courtesy: Chargeurs
Chargeurs Fashion Technologies, the world’s second-largest apparel interlinings manufacturer, has acquired Precision Custom Coatings’ (PCC) interlinings business as a key pillar of its US and worldwide expansion strategy. Chargeurs Fashion currently works with luxury, ready-to-wear and fast-fashion brands that include Chanel, Gucci, Hermès and Uniqlo.

The acquisition, the company’s first in the US and its’ largest to date, will expand Chargeurs Fashion’s global footprint and propel the business into new technical performance wear categories, such as outerwear, performance apparel and athleisure, as well as intimate apparel.

Chargeurs Fashion also announced that Angela Chan, managing director and president of Charguers Fashion, will be responsible for overseeing the company’s worldwide expansion. Chan is an industry leader with expertise across sourcing, business development, merchandising, product development and multichannel retail in North America and Asia. Additionally, current PCC CEO Scott Tesser will join Chargeurs Fashion as chief sales officer, reporting directly to Chan, and will be responsible for the combined entity’s global sales strategy.

“This acquisition is our most important to date and will be a game changer for our client base,” said Michaël Fribourg, Chargeurs’ group chairman and CEO. “Angela Chan is very well prepared to lead the successful integration of the two companies, and this transformative agreement will create a global champion with operations across Europe, the Americas and Asia. The newly combined entity will offer clients solutions that perfectly address their needs in terms of technical and operational performance.”

“I’m thrilled to be leading Chargeurs Fashion Technologies as we write a new chapter in the company’s history by consolidating a niche business that requires just the right blend of speed, technical content, differentiation and expertise,” said Chan. “Thanks to PCC’s excellent strategic fit, we will be able to provide global solutions that help fashion leaders transform their business models, particularly as they shift toward a real-time supply chain.”

The acquisition, which consists of a share deal of PCC Asia and an asset deal of the PCC US interlinings business carveout, is expected to result in no redundancies and to be completed by the end of 2018. PCC has annual revenues of more than $80 million and employs 300 people in 10 countries worldwide.

“We have the utmost confidence that Angela Chan’s wide-ranging experience and in-depth understanding of the industry’s key challenges will enable her to lead our expansion into the all-important US market and beyond as we continue to execute our global vision,” Fribourg added.

“We are all excited by the opportunity this transaction creates. Chargeurs’ innovative product range and global presence, combined with PCC’s powerful commercial strategy and close brand relationships in the US and Asia, will ensure we maintain a substantial market presence and achieve sustainable growth,” Tesser. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


July 2020

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


Advanced Search