Latest news with #Kontoor
Fashion Network
6 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
Fashion Network
7 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
Fashion Network
7 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
Business Wire
16 hours ago
- Business
- Business Wire
Kontoor Brands Announces Expanded Global Leadership Roles for Jenni Broyles and Joseph Alkire
GREENSBORO, N.C.--(BUSINESS WIRE)--Kontoor Brands, Inc. (NYSE: KTB), today announced that Jenni Broyles and Joseph Alkire will assume expanded roles on Kontoor's Executive Leadership Team, effective immediately. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Kontoor's President, Chief Executive Officer and Chairman, Scott Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Broyles will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands in the role of Executive Vice President, Chief Commercial Officer & Global Head of Brands, reporting to Kontoor's President, Chief Executive Officer and Chairman, Scott Baxter. Alkire will assume leadership responsibility for Kontoor's supply chain operations in the role of Executive Vice President, Chief Financial Officer & Global Head of Operations, reporting to Kontoor's President, Chief Executive Officer and Chairman, Scott Baxter. The Helly Hansen business will continue reporting to Scott Baxter. Tom Waldron, Executive Vice President and Chief Operating Officer, will exit Kontoor Brands after a transition period that will conclude September 30. 'I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' said Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors.' About Kontoor Brands Kontoor Brands, Inc. (NYSE: KTB) is a portfolio of three of the world's most iconic lifestyle, outdoor and workwear brands: Wrangler ®, Lee ® and Helly Hansen ®. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit
Hypebeast
02-06-2025
- Business
- Hypebeast
Helly Hansen Acquired by Lee and Wrangler Parent for $900 Million USD
On Monday morning,Kontoor Brands, parent to heritage denim labelsLeeandWrangler, finalized its previously announced deal to acquire performance gear brandHelly Hansen, closing at $900 million USD. 'Today marks an exciting step forward for Kontoor as we expand our portfolio of iconic consumer brands,' said CEO of Kontoor Brands Scott Baxter. 'The acquisition of Helly Hansen will increase our growth profile, drive greater category, channel and geographic diversification, and increase our penetration in the attractive outdoor and workwear markets,' he continued. 'I want to thank the entire Helly Hansen team for their partnership as we have worked toward this exciting milestone. Together, I am more confident than ever that we will create significant long-term value for our shareholders.' The move arrives as major players in the apparel sector look to get in on the growth of the outdoor and performance gear market, a development particularly relevant to Kontoor, whose bread and butter has been its small group of heritage lifestyle labels. In addition to diversifying its offerings, Kontoor's global presence may also benefit from the move, given that Helly Hansen enjoys much of its popularity in international regions like Japan, where Lee and Wrangler also share relevance. Founded in 1877, the Norwegian label was acquired from its previous owner, Canadian Tire Corporation. According to Kontoor, Helly Hansen is expected to boost the company's revenue, adjusted earnings per share, and cash flow with immediate effects in fiscal 2025. Per a report fromEcotextile News, the brand is anticipated generate upwards of $680 million USD in revenue and $80 million USD in adjusted EBITDA for the full year 2025. Stay tuned to Hypebeast for the latest fashion industry news.
