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Business

Xcel Brands invests in new social commerce marketplace Orme

Media and consumer products company Xcel Brands, which specialises in livestream shopping and social commerce, has co-founded a new short-form video marketplace with KonnectBio, Inc., called Orme, taking a 30 percent stake in the platform. Robert W. D’Loren, chairman and chief executive officer of Xcel, said in a statement: “Orme is an...

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BusinessFeatured

G-III ups FY outlook, announces licensing deal with Halston

G-III Apparel Group has upped its full-year revenue and profit outlook after exceeding both its top and bottom line guidance in the first quarter. Net sales for the first quarter ended April 30 dropped 11.9 percent to 606.6 million dollars, while net income narrowed to 3.2 million dollars from 30.6 million dollars. The group, whose portfolio...

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