Triumph Apparel Corporation, a manufacturer and distributor of women’s dance apparel and active wear under the name Danskin, said KSL Ventures, LLC has acquired 55% of the company’s 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 Triumph’s  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 company’s Triumph Marketing subsidiary, which will focus on product development, expansion of the company’s 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.