Latest news with #PendletonWoolenMills
Yahoo
7 days ago
- Business
- Yahoo
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.
New York Times
12-06-2025
- Entertainment
- New York Times
Like His Music, Brian Wilson's Style Was Deceptively Complex
The band name was a fluke. Looking to cash in on the burgeoning surf culture in the United States, the record executive who first brought Brian Wilson, Dennis Wilson, Carl Wilson, Mike Love and Al Jardine together on the obscure Candix Records label in Southern California wanted to call the assembled musicians 'The Surfers.'' But another group, as it happened, had already claimed the name. And then there was an additional problem: only one of the band members, Dennis Wilson, actively surfed. And so, as Brian Wilson — the architect of the band's sound and image, whose death, at 82, was announced by his family on Wednesday — tweeted back in 2018, the promoter Russ Regan 'changed our name to the Beach Boys.' He added that the group members themselves found out only after they saw their first records pressed. Originally, the band had another name. It was one that speaks not only to the aural backdrop the Beach Boys provided for generations but also to their enduring influence on global style. As teenagers in the late 1950s and early '60s, the band had styled itself the Pendletones. It was a homage to what was then, and in some ways still is, an unofficial uniform of Southern California surfers: swim trunks or notch pocket khakis or white jeans, and a blazing white, ringspun cotton T-shirt worn under a sturdy woolen overshirt. The shirts the Pendletones wore were produced by the family-owned company, Pendleton Woolen Mills of Portland, Ore., and had been in production since 1924. The shirts were embraced by surfers for their over-the-top durability and the easy way they bridged the intersection between work and leisure wear. The blue and gray block plaid, which Pendleton would later rename as the 'Original Surf Plaid,'' was worn by every member of the Beach Boys on the cover of their debut album, 'Surfin' Safari.' It was a look that, novel then, has since been quoted in some form by men's wear designers from Hedi Slimane to Eli Russell Linnetz and Ralph Lauren. Want all of The Times? Subscribe.
CTV News
04-06-2025
- Business
- CTV News
Court approves sale of Hudson's Bay trademarks to Canadian Tire
This composite image shows signage of Canadian Tire, left, and the Bay. THE CANADIAN PRESS/Sean Kilpatrick, Pawel Dwulit Canadian Tire Corp. Ltd.'s historic purchase of Hudson's Bay trademarks will go ahead after an Ontario judge granted permission for the deal. Judge Peter Osborne says the $30-million deal was the best possible outcome given the circumstances facing the Bay. The deal will give Canadian Tire rights to the Bay name, its coat of arms and its iconic stripes. Court documents have also shown the deal includes the Bay's Distinctly Home brand, its Hudson North apparel line, trademarks like 'Bay Days' and the Zellers catchphrase 'lowest price is the law' as well as a contract with Pendleton Woolen Mills, an Oregon-based blanket and clothing maker. The sale to Canadian Tire was the buzziest matter Osborne presided over Tuesday. At the same court hearing, he also approved a receivership application for a joint real estate venture Hudson's Bay was part of and made a declaration helping employees receive funding to recover from the collapse of their employer. The approvals came months after Canada's oldest company filed for creditor protection and days after it closed all 96 of the stores it ran under its Bay and Saks banners on Sunday. Osborne called the weekend closures 'a milestone, albeit an unhappy one' that amounts to 'the end of an era.' Hudson's Bay has said the sale and closures were necessary because the 355-year-old company was not able to attract an investor to keep some semblance of the current business alive. Canadian Tire, which also owns SportChek, Party City, Mark's and Pro Hockey Life, wound up being the winner of the Bay's trademarks after the ailing company and its advisers invited 407 people and firms to bid on the intellectual property and other assets. Ashley Taylor, a lawyer for Hudson's Bay, told Osborne that 17 bids were received. Thirteen were for intellectual property but Canadian Tire's was superior, he said. 'The Canadian Tire transaction represents the highest and best process offer resulting from a competitive process,' Taylor said. What precisely gave Canadian Tire the edge is contained in a document Taylor has asked the court to seal because it contains commercially sensitive information, including the amounts offered by the next highest bidders. Osborne granted the request. The Canadian Tire deal is the first of several Taylor is expected to ask a court to approve. He said Hudson's Bay will eventually return to court to get approval for B.C. mall owner Ruby Liu to take over up to 28 Bay leases to develop a new department store. That deal needs the support of landlords. He also teased that two other deals concerning some of the other properties the Bay used will be announced soon. The Canadian Tire deal was being discussed at a hearing that spanned several issues, including a joint real estate venture the Bay has with RioCan Real Estate Investment Trust. The venture has leases for 12 properties the department store used, but RioCan wanted to put the partnership into receivership to protect its stakeholders and maximize the value it can recover. Receivership is a process allowing a third-party to take control of a company's assets, oversee their liquidation and repay creditors. Joseph Pasquariello, a lawyer for RioCan, wanted FTI Consulting Canada appointed as the receiver because his client's 'dollars are on the line' and it wants timely solutions. Osborne approved Pasquariello's request, saying it was 'just and convenient.' Osborne also recognized Hudson's Bay as the former employer of all the department store's workers who have been terminated. The declaration allows Bay's 9,364 staff, including more than 8,300 who have already lost their jobs, to recoup money they may be owed from the retailer under the Wage Earner Protection Program Act. People who qualify under the federal program can earn up to $8,844.22 this year. This report by The Canadian Press was first published June 3, 2025.
CTV News
03-06-2025
- Business
- CTV News
Court approves sale of Hudson's Bay trademarks to Canadian Tire
This composite image shows signage of Canadian Tire, left, and the Bay. THE CANADIAN PRESS/Sean Kilpatrick, Pawel Dwulit Canadian Tire Corp. Ltd.'s historic purchase of Hudson's Bay trademarks will go ahead after an Ontario judge granted permission for the deal. Judge Peter Osborne says the $30-million deal was the best possible outcome given the circumstances facing the Bay. The deal will give Canadian Tire rights to the Bay name, its coat of arms and its iconic stripes. Court documents have also shown the deal includes the Bay's Distinctly Home brand, its Hudson North apparel line, trademarks like 'Bay Days' and the Zellers catchphrase 'lowest price is the law' as well as a contract with Pendleton Woolen Mills, an Oregon-based blanket and clothing maker. The sale to Canadian Tire was the buzziest matter Osborne presided over Tuesday. At the same court hearing, he also approved a receivership application for a joint real estate venture Hudson's Bay was part of and made a declaration helping employees receive funding to recover from the collapse of their employer. The approvals came months after Canada's oldest company filed for creditor protection and days after it closed all 96 of the stores it ran under its Bay and Saks banners on Sunday. Osborne called the weekend closures 'a milestone, albeit an unhappy one' that amounts to 'the end of an era.' Hudson's Bay has said the sale and closures were necessary because the 355-year-old company was not able to attract an investor to keep some semblance of the current business alive. Canadian Tire, which also owns SportChek, Party City, Mark's and Pro Hockey Life, wound up being the winner of the Bay's trademarks after the ailing company and its advisers invited 407 people and firms to bid on the intellectual property and other assets. Ashley Taylor, a lawyer for Hudson's Bay, told Osborne that 17 bids were received. Thirteen were for intellectual property but Canadian Tire's was superior, he said. 'The Canadian Tire transaction represents the highest and best process offer resulting from a competitive process,' Taylor said. What precisely gave Canadian Tire the edge is contained in a document Taylor has asked the court to seal because it contains commercially sensitive information, including the amounts offered by the next highest bidders. Osborne granted the request. The Canadian Tire deal is the first of several Taylor is expected to ask a court to approve. He said Hudson's Bay will eventually return to court to get approval for B.C. mall owner Ruby Liu to take over up to 28 Bay leases to develop a new department store. That deal needs the support of landlords. He also teased that two other deals concerning some of the other properties the Bay used will be announced soon. The Canadian Tire deal was being discussed at a hearing that spanned several issues, including a joint real estate venture the Bay has with RioCan Real Estate Investment Trust. The venture has leases for 12 properties the department store used, but RioCan wanted to put the partnership into receivership to protect its stakeholders and maximize the value it can recover. Receivership is a process allowing a third-party to take control of a company's assets, oversee their liquidation and repay creditors. Joseph Pasquariello, a lawyer for RioCan, wanted FTI Consulting Canada appointed as the receiver because his client's 'dollars are on the line' and it wants timely solutions. Osborne approved Pasquariello's request, saying it was 'just and convenient.' Osborne also recognized Hudson's Bay as the former employer of all the department store's workers who have been terminated. The declaration allows Bay's 9,364 staff, including more than 8,300 who have already lost their jobs, to recoup money they may be owed from the retailer under the Wage Earner Protection Program Act. People who qualify under the federal program can earn up to $8,844.22 this year. This report by The Canadian Press was first published June 3, 2025. Companies in this story: (TSX:CTC.A)
