Determined to become the leader in vertical lingerie production in Europe, Latvia's European Lingerie Group, formerly Lauma, announced the purchase of French lingerie and swimwear e-commerce site Dessus Dessous.
Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
Wacoal Holdings Corporation has announced that Yoshikata Tsukamoto will become the business’ Representative Director and Chairman and Hironobu Yasuhara will become the Representative Director and President.
UK-based underwear and swimwear maker Wacoal EMEA has reported rising turnover in its financial year to March 31 2017. But that didn’t help its bottom line and it also reported a drop in its pre-tax profit.
Elomi, the full figure lingerie brand of Eveden Inc., a division of parent company Wacoal Europe, has opened a pop-up in NY combining plus size lingerie, art and IBM Watson data analysis in The Elomi Portrait Project.
The ubiquitous athleisure trend is expected to be central to the growth of the global intimate apparel market over the next five years with sports bras becoming a leader among versatile and fashionable innerwear.