By  on October 27, 2017

NEW YORK – Penske Media Corporation (PMC) and its subsidiary Fairchild Media announced the acquisition of Sourcing Journal, the premiere media brand for global executives focused on the sourcing and manufacturing industries. The purchase advances Fairchild’s and WWD’s leadership position in today’s fashion and retail business coverage.

“The future of fashion will rely much more on material sciences, sourcing and technology, so to bring into the fold the leading media publication in that space opens important opportunities for our WWD and FN brands as well as for our readers and partners,” said PMC chairman and chief executive officer Jay Penske. “Eddie is a remarkable entrepreneur; we’re eager to work with him and the entire Sourcing Journal team to continue the growth of this emerging brand and leading platform.”

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