Triumph Apparel Corporation, a manufacturer and distributor of womens dance apparel and active wear under the name Danskin, said KSL Ventures, LLC has acquired 55% of the companys equity and voting stock in connection with a recapitalization of the company.
KSL Ventures and affiliates will provide enhanced sourcing, manufacturing, distribution and marketing opportunities for Triumphs Danskin brand, which it licenses from an affiliate of Iconix.
In connection with the recapitalization, all future operations of Triumph will be managed by KSL Ventures, LLC, with the view of returning the company to profitability. Carol Hochman has agreed to continue her association with the company through her assumption of the role of Chief Executive Officer of the companys Triumph Marketing subsidiary, which will focus on product development, expansion of the companys brands and related opportunities.
Hochman will continue to represent the company as a board member of the Sporting Goods Manufacturers Association and continue in her role as Chairperson of the American Apparel and Footwear Association.
