New Era Cap Co. Inc., a global headwear and apparel maker known for its Major and Minor League baseball caps, said Monday it acquired privately held apparel manufacturer 5th & Ocean for an undisclosed sum.
“This was an opportunity we simply could not pass up,” said New Era chief executive officer Christopher Koch. “To ensure the long-term growth of New Era in this challenging economic landscape, we need to look for strategic ways to diversify our business.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)