The deal between ABG and VF Corp. is said to close by the end of the second quarter.
The deal underscores a broadening of beauty M&A trends beyond brands to related service businesses.
Encore also backed Tarte before selling it to Kosé.
The National Council of Textile Organizations and American Fiber Manufacturers Association will merge, effective April 1.
Weiland has created The Lead, a networking organization for the fashion industry.
Like Fosun’s recent Lanvin acquisition, this new deal requires a cash injection and a strategic turnaround.
The Italian trade show operator puts a foot in the American market by acquiring 51 percent of the company, providing trade show services and design solutions.