The Waitex Group, the $100 million New York-based fashion supply chain services company, has acquired Mr. Software for an undisclosed sum. Waitex plans to create an advanced version of Mr. Software's integrated financial software for apparel manufacturing, known as AIMS, or Apparel Information Management Systems.
The software manages every step of the process, from orders to inventory to sales rep commission processing to electronic document interchange. Mr. Software, also based in New York, had more than 20 employees and more than 200 active customers, which Waitex will continue to support. Waitex said it hopes the acquisition will generate an additional $8 million in revenues this year, and $15 million to $20 million in 2009.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)