Business

Corporate Corner: Fairchild Media acquires Sourcing Journal

Fairchild bolsters it's leadership position in coverage of fashion and retail business

Press Release October 31, 2017 Less than a minute read

PHOTO: REUTERS

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.

Media under threat

“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 CEO Jay Penske. Since its founding by Edward Hertzman and his co-founder Munir Mashooqullah in 2009.

Published in The Express Tribune, October 31^st, 2017.

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