Orvis Sets Layoffs and Store Closures; Discontinues Catalog
Vermont-based Orvis, founded in 1856, announced plans to lay off 112 employees, close some of its retail stores and discontinue its iconic catalog “to enable a smaller and more agile business.” “Orvis is in a period of business evolution that requires us to think differently.
Accell Group Undergoes Debt Restructuring | SGB Media Online
Oct 8, 2024 · Netherlands-based Accell Group NV, backed by Kohlberg Kravis Roberts & Co (KKR), agreed to a restructuring that writes off 40 percent of its debt and will see its liabilities at the operating group level cut to €800 million ($881 million) from €1.4 billion, with maturities extended through to 2030.
Schoeller to Close Swiss Manufacturing Plant, 170 Employees To …
Nov 8, 2024 · Schoeller Textil AG announced it will cease manufacturing operations in Sevelen, Switzerland, toward the end of 2025. The company cited in a media release its decision is high labor and energy costs, the strong Swiss franc, and the persistently poor market environment since the pandemic to cover production costs for highly …
S&S Activewear Completes Acquisition of Alphabroder
S&S Activewear completed the purchase of Alphabroder, merging the two branded apparel distributors for an undisclosed amount. S&S Activewear CEO Frank Myers will continue to lead the combined companies, with support from Aphabroder CEO Dan Pantano.
REI to Close Again on Black Friday, Encourage ‘Nature Therapy’
Oct 3, 2024 · On Thanksgiving and Black Friday, outdoor retailer REI Co-op will again close its over 190 locations—stores, distribution centers, adventure centers, call centers, and headquarters—and pay its 15,000 employees to Opt Outside.
New Era Cap Celebrates 2024 World Series with LA Dodgers …
Nov 1, 2024 · For the eighth time in franchise history, the LA Dodgers are World Series Champions, and New Era Cap, LLC, the official cap of MLB, has created a 2024 World Series collaboration with official on-field caps worn after the final inning.
Macy’s, Inc. Delays Q3 Results After Employee Hid More Than …
Nov 25, 2024 · Macy’s, Inc. is delaying its third quarter earnings release and conference call relating to the third quarter of 2024 to allow for completion of an independent investigation into erroneous accounting accrual entries.
Fromuth Racquet Sports Acquires Tennis-Point - SGB Online
Jun 14, 2024 · Online retailer Tennis-Point, formerly owned by Signa Sports United, was acquired by Fromuth Racquet Sports. Tennis-Point was formerly Midwest Sports, owned and operated by Greg and Lisa Wolf for over 30 years before being acquired by Signa Sports United in 2021 and changed the company’s name.
SGB Media Online | Active Lifestyle Market B2B Information
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
EXEC: Eddie Bauer’s CEO Discusses Modernized Rebrand
Dec 4, 2023 · Eddie Bauer introduced a new brand evolution and redesigned its logo in September, including bringing back “the goose.” Tim Bantle, Eddie Bauer’s CEO, talked with SGB Executive about the refreshed look of the 103-year-old brand, re-embracing its outdoor roots and its heightened focus on wholesale. Bantle replaced Damien …