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American Apparel buys New York specialty retailer, Oak

BY Marianne Wilson

New York — American Apparel has purchased the independent New York specialty retailer and wholesaler, Oak, according to Women’s Wear Daily.

Oak has two stores (one in Brooklyn, and the other in Manhattan) an e-commerce site and a wholesale business. The brand has a cool, hip vibe, and features contemporary fashions at upmarket prices. It will operate as a separate division within American Apparel, and its founders will remain on board, the report said.

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Cache names new CFO

BY Staff Writer

New York — Cache Inc. announced that Anthony DiPippa (“Tony”) will join the company as executive VP, CFO, on Aug. 7. He succeeds Margaret Feeney (“Maggie”), who has resigned from Cache, effective Aug. 1.

DiPippa most recently was CFO of W. B. Mason, a $1.2 billion office products and furniture company.

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New social media platform opens Amazon aStore

BY CSA STAFF

ATLANTA, Ga. — Vir2o, a new social media platform by East Coast Diversified Corporation, has announced that its online, interactive e-commerce engine is open for business and powered by Amazon.

Members of the aStore will be able to browse through a wide range of products and shop online with friends in their network in real time, thanks to ECDC’s nVite technology. ECDC’s proprietary nVite technology also lets Vir2o members watch movies together and share photos in real time.

"Launching our Amazon aStore is the latest step in fulfilling Vir2o’s promise of ending the loneliness of social media and creating a network that lets members share experiences with friends and family without forgoing privacy," said Kayode Aladesuyi, chairman and CEO of East Coast Diversified Corp.

ECDC is a holding corporation with a diversified group of technology companies. Its business portfolio includes companies offering technology for logistics and asset management, media entertainment, transportation safety and class attendance monitoring and social media applications.

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