FBC Holding, Inc. (FBCD) Set to Exhibit at California Market Fashion Week in Los Angeles

Rhea-AI Summary

FBC Holding, Inc. (OTC PINK:FBCD) is set to exhibit at Label Array from June 13-15, 2022, at the California Market Center in Los Angeles. This event aims to connect buyers and brands in the LA Fashion District, highlighting Formrunner Apparel's latest high-end clothing. CEO Lisa Nelson emphasizes the importance of such events for business growth. The US fashion industry is currently valued at $473.42 billion with a projected growth rate of 4.5% in 2023, despite a slowdown compared to 2021.

Positive

• Participation in Label Array presents opportunities to engage with multinational companies.
• Formrunner Apparel is focused on expanding revenue streams.
• The US fashion industry is expected to rebound with projected sales of $494.89 billion in 2023.

Negative

• The fashion industry growth rate has slowed from 18.4% in 2021 to 8.3% in 2022.

SCOTTSDALE, AZ / ACCESSWIRE / June 7, 2022 / Today FBC Holding, Inc. (OTC PINK:FBCD) through its wholly owned subsidiary, Formrunner Apparel Inc. is pleased to announce that the company is exhibiting at Label Array located at the California Market Center in downtown Los Angeles from June 13^th-15^th.

With its rich legacy as the first wholesale fashion building on the West Coast, the newly transformed CMC continues to be the LA Fashion District's premier hub connecting Buyers and Brands during LA Market Week. As the relaunched CMC grows and evolves, each new LA Market presents a fresh and exciting selection of new Showrooms and new Brands for retailers to shop, in addition to longtime favorites. Formrunner Apparel is always working diligently to expand and bring in additional streams of revenue, and this is a perfect opportunity to do so. President & CEO Lisa Nelson states "After making successful connections at the Las Vegas Fashion Event, we are beyond thrilled to draw in more multinational companies to collaborate and work with!" Lisa Nelson also stated, "Doing these events are extremely beneficial in every aspect of the business and we can't wait to yet again see the results." Formrunner Apparel is ready to display its top selling high end clothing and will be at the California Market Center in Los Angeles, California from June 13^th-June 15^th 9am-5pm!

California Market Center Website: https://www.californiamarketcenter.com/

As one of the top online shopping categories among consumers, it should come as no surprise that the US fashion industry size is huge. In fact, it is currently valued at hundreds of billions of dollars. The sales figures for 2022 are at $473.42 billion. This represents a fashion industry growth rate of 8.3 percent from 2021's figures. The fashion industry growth rate this year, though relatively high, is still a slowdown from the previous year. In 2021, the industry grew at 18.4 percent, the fastest rate in the forecast period from 2019 to 2023. This also came after the steep fall in the US fashion industry sales in 2020, during which sales tumbled 21.9 percent and marked a more than $100 billion loss from 2019. This plunge is the result of the coronavirus pandemic, which has affected both the US fashion industry growth rate and sales figures. The closure of brick-and-mortar fashion retailers in compliance with local coronavirus regulations meant a fall in visitors and, subsequently, sales. Cutbacks by consumers on inessential items and an increased focus on household essentials also contributed to the negative US fashion industry growth rate in 2020. The US fashion industry sales are, however, expected to rebound from 2021 onwards. Total sales for 2023 are forecast at $494.89 billion, a 4.5 percent annual increase.

About Formrunner Apparel Inc.

Formrunner Apparel Inc. is a wholly owned subsidiary of FBC Holding, Inc. Formrunner Apparel Inc. carries a variety of Top-Notch Streetwear & Accessories located in Scottsdale, Arizona. Formrunner can be viewed and bought on the Company's website at www.formrunnerapparel.com

Formrunner Apparel Inc's main website at www.formrunnerapparel.com

Twitter: https://www.twitter.com/FormrunnerTM

Instagram: https://www.instagram.com/Formrunner

Instagram (Mall Location): https://www.instagram.com/Hyperviolentaz

Hyperviolent Main Website: https://www.hyperviolent.com

IR Contact:
info@formrunnerapparel.com

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See FBC Holding, Inc filings with OTC Markets, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking.

SOURCE: FBC Holding, Inc.

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FAQ

When is FBCD exhibiting at the California Market Center?

FBCD will exhibit at the California Market Center from June 13-15, 2022.

What is the significance of Label Array for FBCD?

Label Array provides FBCD an opportunity to connect with buyers and expand its market presence.

What is the expected growth of the US fashion industry in 2023?

The US fashion industry is projected to reach $494.89 billion in 2023, reflecting a 4.5% annual increase.

How did the fashion industry perform in 2022?

The US fashion industry was valued at $473.42 billion in 2022, growing at a rate of 8.3%.