Shuffle Board: Kering, Tailored Brands, Pendleton Name CEOs
Omnichannel specialty retailer Tailored Brands announced John Tighe as chief executive officer and board member, effective Aug. 5. Tighe, who served most recently as president of the parent company to Men's Wearhouse and Jos. A. Bank Clothiers, succeeds Peter Sachse, who will transition to executive chairman next month. Tighe joined Tailored Brands in May 2021 as executive vice president and chief customer officer and became president in March 2022. He previously served as president of Peerless Clothing and held leadership positions at J.C. Penney, including chief merchant and executive vice president, as well.
Portland-based brand Pendleton Woolen Mills has appointed Jennifer Ingraffea as CEO. She succeeds John Bishop as the first female to hold the top position at the 162-year-old company. Bishop, who retired in February, will remain as CEO through July to work with the former Nike exec before transitioning to chairman of the board.
More from Sourcing Journal
GXO Cleared to Acquire Wincanton, Taps DHL Vet as New CEO
Shuffle Board: Vera Bradley CEO Exits, Lectra Names Deputy CEO
Shuffle Board: Better Cotton Names Nonprofit Exec Nick Weatherill CEO
Luxury conglomerate Kering's board of directors, chaired by François-Henri Pinault, approved the appointment of Luca de Meo as chief executive officer of the group, as recommended by the appointments and governance committee. As part of a renewed governance structure, the role of chairman of the board of directors, held by Pinault, will be separated from that of CEO.
OTB Group-owned label Marni confirmed the exit of creative director Francesco Risso after a decade with the brand, according to a press statement. The statement did not say when a new creative director would be announced.
The Advanced Functional Fabrics of America (AFFOA), a public-private partnership led by the Massachusetts Institute of Technology, announced that Dr. Eric Evans has been appointed as the new chair of the AFFOA board of directors. As chair, Evans will help lead the organization in its mission to accelerate the development and commercialization of textile technologies that integrate electronics and sensors, among other functionalities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
3 Recession-Resilient Stocks for Prepared Investors
Written by Robin Brown at The Motley Fool Canada The Canadian stock market could be volatile in 2025. Tariffs, wars, and economic and political uncertainty could all play havoc with the market. With weakening economic data, Canada may already be in a recession (even despite the hitting recent all-time highs). If you want to be a little more defensive in this environment, there are plenty of options in Canada. Here are three recession-resilient stocks for investors seeking extra safety right now. Dollarama (TSX:DOL) has been a foolproof investment for the past decade. Its stock is up 322% in the past five years and 800% in the past 10 years. The company has demonstrated exceptional execution of its growth strategy. It provides everyday essentials to consumers at a reasonable price (or so it is perceived). Often, I find myself going to Dollarama to buy one thing and shortly end up with a full cart of other stuff. It has a similar consumer appeal to other great retailers like Costco. Dollarama has grown revenues by an 11% compounded annual growth rate (CAGR) in the past five years. Yet, earnings per share have risen by a 20% CAGR. This indicates the company has substantial operating leverage as it scales. Dollarama continues to see strong growth from its joint venture in Latin America. Canada continues to provide single-digit growth opportunities. A recent acquisition in Australia could further bolster growth prospects. The biggest risk to this stock is its valuation. It trades at an elevated 40 times earnings multiple. The market certainly gives it a vote of confidence for its strong execution and stable business model. If you want to be extra cautious, it is best to buy this stock on temporary dips. Another great stock for recession-resilience is Constellation Software (TSX:CSU). It has nearly 1,000 software operating businesses under its umbrella. These businesses operate in a wide mix of sectors, industries, and geographies. Owning Constellation is like owning a whole bunch of quality micro-cap tech stocks. It provides considerable diversification, offsetting the risk from any one industry or country. Its niche software applications are generally considered quintessential to the customers it serves. Constellation can buy these niche software businesses at attractive valuations. It then optimizes their operations to generate strong free cash flows. That cash gets reinvested into more acquisitions. Constellation has grown revenues by a 23% CAGR in the past five years. Earnings per share have risen by a 17% CAGR. Like Dollarama, Constellation is not a cheap stock. However, the company has a wonderful record of outperforming. Buy it on dips and you should continue to profit from its strong execution. If you want to go extremely boring and recession-proof, Fortis (TSX:FTS) is quintessential. It has a North America-wide regulated utility platform. Most of its assets are transmission and distribution. These are considered some of the safest assets a utility can own. Fortis has grown revenues and earnings per share by, respectively, 7% and 8% CAGRs in the past 10 years. The company is not growing quickly. It aims for a 5–7% annual rate base growth. Yet, its stable business model is attractive in times of volatility. If you want safe and secure income, this is one of the best. FTS stock has a 51-year track record of increasing its dividend. It yields 3.7%. Like the stocks above, it is not cheap today. Yet, you pay up for the quality of the business and the certainty of the dividend. The post 3 Recession-Resilient Stocks for Prepared Investors appeared first on The Motley Fool Canada. The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now. The Top Stocks that made the cut could produce monster returns in the coming years, potentially setting you up for a more prosperous retirement. Consider when "the eBay of Latin America," MercadoLibre, made this list on January 8, 2014 ... if you invested $1,000 at the time of our recommendation, you'd have $24,927.94* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Robin Brown has positions in Constellation Software. The Motley Fool recommends Constellation Software, Costco Wholesale, and Fortis. The Motley Fool has a disclosure policy. 2025
Yahoo
22 minutes ago
- Yahoo
Trade talks with U.S. resumed on Monday morning, says Carney
The United States resumed trade negotiations with Canada Monday morning, after the federal government scrapped its tax targeting large technology firms. Prime Minister Mark Carney said he spoke with U.S. President Donald Trump on the phone Sunday evening. He said they decided to continue with negotiations, with the previously agreed-upon July 21 deadline still in mind. Carney said that the decision to remove the digital services tax (DST) "is part of a bigger negotiation" with the U.S. "It is something we expected, in the broader sense, that would be part of a broader deal," Carney told reporters Monday afternoon. He said it "doesn't make sense" to collect the tax now and have to remit it at a later House Press Secretary Karoline Leavitt said the prime minister "caved" to Trump. "President Trump knows how to negotiate," said Leavitt. "It was a mistake for Canada to vow to implement that tax that would have hurt our tech companies here in the United States." Trump said Friday he was ending all U.S. trade discussions with Canada because of the DST, which would have seen companies like Amazon, Google, Meta, Uber and Airbnb pay three per cent on revenues from Canadian users. With tax collection set to begin Monday, the policy would have left U.S. companies with a $2-billion US retroactive bill due at the end of the month. Despite the move, Canada is still in active discussions with G7 allies to introduce an international tax, with Finance Minister François-Philippe Champagne leading that work, the PMO said.U.S. Ambassador to Canada Pete Hoekstra told CBC's Power & Politics that the DST was a "red line" for the U.S. The tax caused Canada to "move from the front of the line to the back of the line" in Trump's negotiations with countries, but that Canada is now "back at the front of the line," he said. Hoekstra said he spoke to officials from both countries over the weekend about meeting the July 21 deadline. "I think both sides are optimistic that they can get to an agreement within that time frame," he said. "There's always something that can sidetrack it, but they both want to get to an agreement." U.S. Commerce Secretary Howard Lutnick shared a statement on social media on Monday morning praising Canada's decision to scrap the tax. "Thank you Canada for removing your digital services tax, which was intended to stifle American innovation and would have been a deal-breaker for any trade deal with America," he wrote on X. Conservative Leader Pierre Poilievre said on social media Monday that Carney put his "elbows down" by cancelling the tax "at the 11th hour." He said that the prime minister should insist the U.S. immediately rescind softwood lumber tariffs in exchange. "We need to make gains for our workers in these talks," Poilievre said on X.
New York Times
25 minutes ago
- New York Times
With Mitch Marner, and without Alex Pietrangelo, how does Vegas' lineup look?
Free agency has yet to open, but the Vegas Golden Knights already project to look like a completely different team in 2025-26. The organization that has made a habit of pulling off blockbuster moves in its short history had an eventful day on the eve of free agency. First, Vegas completed a move to trade Nicolas Roy to Toronto in a sign-and-trade deal to acquire star winger Mitch Marner, league sources told Chris Johnston of The Athletic. Advertisement The trade includes an eight-year contract extension for Marner with a cap hit of $12 million per year through the 2033-34 season. It makes Marner the fifth-highest-paid player in the NHL, and ties him with Dallas' Mikko Rantanen as the highest paid winger in the league. Hours later, Vegas' star defenseman Alex Pietrangelo announced that he would be stepping away from hockey due to serious injuries, and that the likelihood of a return to hockey is low. While Pietrangelo didn't officially announce a retirement, all signs point to the Golden Knights being without their leader in average ice time for each of the last five seasons. General manager Kelly McCrimmon also completed a trade Sunday night that sent restricted free agent defenseman Nicolas Hague to Nashville for veterans Colton Sissons and Jeremy Lauzon. With so many players entering and exiting the team before free agency even begins, it's worth looking at where the Golden Knights stand. There is still plenty to be settled between now and the start of the season, but here's how Vegas' roster currently projects to look on opening night in October. Marner gives the Golden Knights an elite play-driver on the wing, and boosts an already impressive forward group that led Vegas' fifth-ranked offensive attack last season. The freshly-signed contract also makes Vegas' cap situation incredibly tight as free agency opens on Tuesday. With Marner's deal, the Golden Knights have more than $102 million in cap hit allocated to next season, well above the $95.5 million limit. Without Pietrangelo's $8.8 million cap hit, Vegas would slip just below the cap ceiling, at approximately $93.5 million. The first thing that stands out about that projected roster is how much weaker the defensive group is without Pietrangelo and Hague. The two-time Stanley Cup winner was Vegas' most relied-upon defenseman, handling more minutes and tougher matchups than any player on the team over the last five years. Losing him is a massive hit to what has been one of the best blue lines in the NHL, not only in that it subtracts a generational talent in Pietrangelo, but also in the trickle-down effect that asks for more from every defenseman below him. Advertisement Shea Theodore and Noah Hanifin are both excellent players, but neither has played the workhorse role as effectively as Pietrangelo. Brayden McNabb is an iron man coming off perhaps his best season in the NHL, but asking him to play top-pair minutes at this stage of his career may be a stretch. It also means the Golden Knights will be relying on Zach Whitecloud and Kaedan Korczak a lot more than they have in the past, along with the recently-acquired Lauzon (who is a physical presence but has had a negative on-ice goal differential in five of his last six seasons). Defense has long been Vegas' biggest strength. It was the pillar on which their Stanley Cup championship roster in 2023 was built, and has been a clear advantage for the team over the last several years. That could still be the case next season, but there are more questions about it than in some time. That downgrade could bleed into the goaltending. Adin Hill has proven to be a capable starter, setting career-highs in starts and wins last season. He's athletic for his size and plays his angles well, but he hasn't proven he's at the level at which he can transcend the defense in front of him and carry a team to victories regularly. He'll be starting the first year of his six-year contract extension next season, and the Golden Knights may be counting on him to level-up. Another offseason need for the Golden Knights is at backup goalie. Ilya Samsonov will hit the open market on Tuesday after his one-year deal expired, and Vegas could look at several veteran backups to replace him. There's also a chance they will allow Akira Schmid to fill the role. His meager $875,000 cap hit would certainly help manage the salary cap, but considering the team doesn't want to overwork Hill, they could prefer a more experienced backup. The question is whether they'll have the cap space to do it. There are legitimate concerns on the back end, but up front the Golden Knights are stacked. They've added Marner – who was fifth in the NHL with 102 points last season – to the group that already scored the fifth-most goals as a team. The current forward group accounts for a cap hit of $61.4 million, which is the second highest in the NHL, only behind the back-to-back defending champion Florida Panthers. Advertisement Vegas' top three lines have playmakers galore. Jack Eichel is coming off his best season yet, shattering the franchise records for assists (66) and points (94). If Marner plays on his wing, he'll arguably be the most talented player Eichel has ever played with. Defending their speed and skill in transition is a frightening proposition, and whoever winds up on the other wing will simply need to skate to the front of the net and the points will roll in. Tomas Hertl and Pavel Dorofeyev developed great chemistry this season, and also were the team's leading scorers on the power play. The combination of Stone and Hertl hasn't worked in limited opportunities, so perhaps coach Bruce Cassidy shakes these lines out a bit differently, but there's certainly no lack of talent. William Karlsson and Reilly Smith are a perfect match on the third line, and create in transition as well as any duo on the team. Brandon Saad showed he still has the wheels to play on that type of line, scoring six goals in 29 regular-season games after signing with Vegas in January. Even the fourth line has some scoring punch. Brett Howden and Keegan Kolesar both had career seasons in 2024-25 with 23 and 12 goals, respectively. Sissons is a downgrade from Roy when it comes to offense, but he's a proven defensive center who can handle tough situations and soak up defensive zone starts. Overall, it's tough to argue the Golden Knights are significantly better or worse than how they ended last season. They certainly look different. They're built to be more explosive offensively. There are also a lot more questions looming on defense. All of that, and free agency hasn't even opened yet. It's just another normal day for one of the most active teams in all of the NHL.
