SGB Executive

EXEC: New Era on Growth Path as Annual Sales Surpass $2 Billion

At the company’s ICR presentation last week in Orlando, Florida, company Co-President Jim Patterson and CFO Kevin Wilson also revealed the Buffalo, New York-based brand is generating solid profitability with EBITDA margins running above 20 percent.

EXEC: Chip Wilson Scorches LULU Board Over “Get Low” Issue

The founder of Lululemon took to LinkedIn on Wednesday, January 21 to suggest (in no uncertain terms) that Lululemon is falling short as a leader in technical apparel. The move comes amid a pending proxy fight over the election of Board members and a new CEO.

EXEC: Next Buys British Footwear Brand Russell & Bromley

U.K.-based fashion retailer Next has purchased British footwear brand Russell & Bromley through an insolvency process, paying £2.5 million pounds ($3.4 million). Russell & Bromley is run by Andrew Bromley, the fifth generation of his family to hold the reins.

EXEC: Moncler S.p.A. Names Leo Rangone as Next Company CEO

The parent of the Moncler and Stone Island luxury apparel brands has named Leo Rongone, currently CEO of Bottega Veneta, as Group CEO for Moncler S.p.A., effective April 1, 2026. Current Board Chairman and CEO Remo Ruffini will move to a new role as executive chairman.

EXEC: Footasylum Plans New Store in Leeds, England

The footwear and sportswear omni-channel retail company said the 12,000-square-foot store in Leeds, England, follows the “strong performance of its former store at The Core shopping centre and last year’s successful pop-up at Trinity Leeds.”

EXEC: Tacoma’s HatStop Files for Bankruptcy Protection

HatStop, a family-owned fanwear chain based in Tacoma, WA, filed for Chapter 11 bankruptcy protection to reorganize its business and continue operating. The company blamed the filing on over-expansion and a rapid slowdown in sales as the COVID pandemic subsided.