SGB Update Apparel
Woolrich Appoints Creative Director, Woolrich Black Label
Woolrich named Todd Snyder, founder of Todd Snyder New York, as creative director of its new Woolrich Black Label collection.
Canada Goose Appoints Co-President; Shuffles Other Executive Roles
Canada Goose appointed Beth Clymer to the newly created role of president, finance, strategy and administration, effective January 8, 2024. Clymer will oversee finance, people and culture, corporate strategy, and legal matters with those who drive these functions.
Vuori Appoints Chief Marketing Officer
Vuori hired Karen Riley-Grant, previously at Levi Strauss & Co., as chief marketing officer, effective January 22.
Delta Apparel Settles with Activist Investor
Delta Apparel, Inc. agreed to appoint Timothy Brog as a new independent director to its board in a move that avoids a proxy battle with Forager Capital Management, an Alabama-based hedge fund management firm.
PrimaLoft Promotes Cavassa to CEO, Joyce to Retire
Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.
RW Designs Acquired by Platinum Equity
Rainbow West Apparel (RW Designs), a private label house, was acquired by Platinum Equity portfolio company Hop Lun, a Hong Kong-based designer and manufacturer of undergarments and swimwear.
SFIA names Chief Operating Officer
The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove.
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.
Nordstrom Rack to Open Store in Omaha
Nordstrom announced plans to open a new Nordstrom Rack in Omaha, NB in fall 2024, representing the company’s first store of any kind in Nebraska.
Golden Goose Aims to Raise $1.1 Million in IPO
Golden Goose is seeking to raise about €1 billion ($1.1 billion) from an Initial Public Offering (IPO) in Milan.
VF Corp. Data Breach Impacting Ability to Ship Orders
The company detected a cybersecurity breach in its systems on December 13 that is “reasonably likely to continue to have a material impact on the company’s business operations,” including its ability to fulfill online orders.
Jordan Brand President Joins Albertsons Board
Albertsons Companies, Inc. reported that Sarah Mensah, president of the Jordan Brand for Nike, Inc., had joined the supermarket chain’s Board of Directors.
Coliseum Capital Co-Founder Joins Gildan Board; Firm Plans Further Investment
After a week of turmoil at Gildan Activewear Inc. with the ouster of company Founder and CEO Tom Chamandy, and pushback from at least two large investors, Gildan found support elsewhere on Monday, announcing a support agreement with Coliseum Capital Management, LLC.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Report: Sycamore Partners Exploring Bid For Macy’s
Private equity firm Sycamore Partners is reportedly eyeing making a bid for Macy’s, Inc., according WWD. The speculation comes after the Wall Street Journal, on December 12, reported that Arkhouse Management and Brigade Capital Management made a $21 a share, or $5.8 billion, offer for the department store chain.
