Golden Gate Capital Announces Eddie Bauer And Pacific Sunwear To Become Portfolio Companies Of New Operating Company, PSEB Group

SAN FRANCISCO — June 7, 2018 —  Golden Gate Capital, a private equity investment firm, today announced that it has established a new operating company, PSEB Group. PSEB will be composed of two Golden Gate portfolio companies: Eddie Bauer LLC — an authentic outdoor brand offering performance outerwear, apparel, footwear, accessories and gear; and Pacific Sunwear of California LLC, a leading specialty retailer offering a cross-section of emerging brands and trending fashion through the lens of Los Angeles. In connection with the establishment of PSEB, Golden Gate will invest additional equity in PSEB to support its growth.

PSEB will have a retail footprint of more than 700 stores and is on track for approximately $1.5 billion in combined total sales in 2018, including $400 million in e-commerce sales. Both brands are performing well, as Eddie Bauer and PacSun grew same-store sales by 6.5 percent and 5 percent, respectively, in 2017, and year-to-date, same-store sales are up 6 percent at Eddie Bauer and are up 8 percent at PacSun.

Eddie Bauer and PacSun will continue to operate independent front ends, including unique brand identities, design, merchandising, marketing, e-commerce and retail operations, while benefiting from shared services and enhanced scale. Eddie Bauer and PacSun stores will continue to operate as usual and customers will experience no changes.

Josh Olshansky, managing director, Golden Gate Capital, commented: “Eddie Bauer and PacSun are powerful brands with differentiated, loyal customer bases. By creating PSEB and investing additional equity, we will accelerate the growth trajectories for both businesses, while preserving the autonomy and discrete cultures of each brand. Both brands have made great progress in the past 24 months and have generated strong performance. Bringing these two brands onto a shared platform will allow us to fuel this momentum and unlock their next stages of growth.”

Eddie Bauer CEO and President Mike Egeck will serve as CEO of PSEB, with oversight of both the Eddie Bauer and PacSun brands.

Egeck commented: “PacSun’s curation of youth culture and brands through the lens of the California lifestyle permeates its brand in the same way Eddie Bauer’s heritage of outdoor innovation underpins its nearly hundred-year history. And while customers and fans of Eddie Bauer and PacSun won’t see any change in their store or online experience as a result of the creation of PSEB, they too will benefit as the brands are powered by a larger and stronger platform. We look forward to the competitive advantages that a unified shared services platform will provide us, while we continue to invest in the two brands’ consumer connections and distinct identities.”

The transaction is expected to close in the third quarter of 2018 and is subject to certain closing conditions.

Posted June 8, 2018

Source: Golden Gate Capital

MechoSystems Chelsea 0250 Series Achieves Silver Level Material Health Certificate

LONG ISLAND CITY, N.Y. — June 7, 2018 —  MechoSystems announced today that its Chelsea 0250 Series has achieved a Silver Level Material Health Certificate from the Cradle to Cradle Products Innovation Institute based on a rigorous examination of the shadecloths materials against the material health requirements of the Cradle to Cradle Certified™ Product Standard.

Cradle to Cradle® Certified is an independent, third-party verified certification program that certifies products designed to protect human and environmental health. Certified products are evaluated in five categories: material health, material reutilization, renewable energy use, water stewardship, and social fairness.

Given greater prioritization of material health, the Institute created the Material Health Certificate. Using the same assessment methodology as the material health category of the Cradle to Cradle Certified Product Standard, products can achieve a Bronze, Silver, Gold, or Platinum Level Material Health Certificate.

A Silver Level Material Health Certificate is awarded to products that are Cradle to Cradle Banned List compliant, have a developed material health optimization strategy, and do not contain chemicals classified as carcinogens, mutagens, or reproductive toxicants.

MechoSystems Chelsea 0250 Series is the first blackout shadecloth to achieve a Material Health Certificate at any assessment level and the second window shade material to obtain a Cradle to Cradle Material Health score beyond Bronze.

Additionally, by receiving a Silver Level Material Health Certificate, MechoSystems Chelsea 0250 Series can contribute to the achievement of LEED v4 credit for Option 2 Material Ingredient Optimization in MR Building Product Disclosure and Optimization.

The Chelsea 0250 Series is a blackout shadecloth combining a polyester front and foam backing to form an opaque fabric. With 6 interior color options the fabric offers flexible options for interior finish combinations. The outward-facing graphite color is specially designed to complement exterior facades and architectural styles.

MechoSystems has been in the forefront of sustainable building practices since 1969. The company collaborates with architects, designers, and others in the design-build sector to design and manufacture products essential for providing the most comfortable, sustainable, energy-efficient buildings possible.

Posted June 8, 2018

Source: MechoSystems

Growing Demand For Quality Control Of High-Tech Materials: Loepfe Successfully Participated At Techtextil North America

WETZIKON, Switzerland — June 8, 2018 —  The market for technical textiles is steadily growing since several years. Typical applications include the production of fabrics for airbags, tire cords, filtration materials, architectural fabrics, sailcloth, and many others. The quality requirements for many of these fields — especially for safety-critical applications — are very high. The challenge for weaving mills is the production with zero-defects. During the Techtextil show, which was been held in Atlanta at end of May, Loepfe experienced very strong demands for its yarn control solution WeftMaster FALCON-i.

“Today, technical textiles are included in nearly every aspect of human lives covering a variety of different needs,” said Luc Vanoverschelde, product manager, Loepfe. “Especially producers from the US are keen to find simple solutions, which contribute to high-quality end products. The reliable quality control of high-tech materials through the precise sensor technology of FALCON-i has satisfied many of our customer’s needs.”

In quality sensitive applications even smallest knots, fluff, filamentation, thick places and capillary breaks have to be eliminated before being interwoven into the fabric. To monitor such unwanted yarn faults on the running threads, the WeftMaster FALCON-i is installed before or after a weft feeder. The yarn control system ensures reliable control of latest high-tech materials such as carbon fibers, monofilaments, multi-filaments as well as spun yarns in any material composition. Even conductive yarns can be processed without any restriction. The sensor works reliably with colored yarns and measures unaffected by vibrations. Static electricity or electromagnetic fields have also no influence on the results, as the sensor housing is made from shielding material.

The sensitivity level of the FALCON-i can be set either manually or automatically. The thread to be monitored is guided through the optical measuring field by yarn guides placed before and after the sensor virtually contact-free. An output signal triggers the required action, as soon as a defect has been detected. The microprocessor-controlled sensor provides many options for connection to machine controls. Furthermore, the weft sensor function can be integrated into FALCON-i. This option allows elimination of a further yarn guiding contact before the fabric production.

Loepfe’s optical yarn defect sensor FALCON-i is not only complementing the various available knotless weaving concepts, but can also be used in many different processes down the textile production chain, wherever an individual yarn monitoring should ensure quality.

Posted June 8, 2018

Source: Loepfe Brothers Ltd.

DuPont Celebrates Official Opening Of Industrial Biosciences’ Global Business Headquarters In Wilmington, Del.

WILMINGTON, Del. — June 8, 2018 —  DuPont Industrial Biosciences (IB) officially opened the doors of its renovated global business headquarters today in Wilmington, Del. This new center of technological innovation, known as Building E353, is part of DuPont’s Experimental Station — the breeding ground for numerous paradigm-shifting technologies over the decades from nylon to DuPont™ Kevlar® to Lycra® to IB’s own renewably sourced Sorona®.

The researchers, business teams and cutting-edge laboratories at the new E353 facility will continue the tradition of innovation and scientific advancement on the historic Experimental Station site, while fostering the next wave of progress in industrial biosciences that results in better and more sustainable products and processes for customers across the globe.

“At this new facility, we have hundreds of people working toward a more sustainable future by innovating biobased solutions that are better, safer and more renewable. These technologies go into products that are used in everyday life,” said William Feehery, president of DuPont Industrial Biosciences. “The redesigned and upgraded laboratories and office spaces are incubators for some of DuPont’s most groundbreaking work.”

The revitalization of Building E353 is part of a more than $200 million investment in the Experimental Station campus, which began in 2016 and encompasses about 50 buildings, with over 2 million square feet of space. The E353 refurbishment focused on modernization, consolidation and advanced capabilities, including:

  • Advanced, high-throughput instrumentation, state-of-the-art bioinformatics and genomics capabilities to accelerate discovery and applications research.
  • Cutting-edge genome editing capabilities using CRISPR (Clustered Regularly Interspaced Short Palindromic Repeats) to accelerate microbial production host development.
  • Microbiological labs to evaluate tailored animal health solutions and to conduct microbiome science for probiotics product development.
  • Highly leveraged fermentation labs to advance “cell factory” end-to-end development and commercialization.
  • Leading-edge chemistry and bioprocess science and engineering capabilities to establish high-performance biomaterials platforms.

“This building and the state-of-the-art research performed by talented and diverse employees builds on DuPont’s legacy of discovery and innovation,” said Marc Doyle, COO of DowDuPont Specialty Products Division. “As we enter our next phase of growth, we are excited that the Specialty Products Division will carry the DuPont name and continue to call Delaware home. The new DuPont will be a premier innovation-driven leader delivering highly specialized products and solutions that transform industries and improve everyday life.”

“DuPont has a long history of scientific discovery in Delaware,” said Delaware Governor John Carney. “We’re proud to help announce the opening of the DuPont Industrial Biosciences Global Headquarters. The Experimental Station remains a vital hub for science and innovation, and we’re working together on campus to promote early-stage companies at the Delaware Innovation Space. The fact is Delaware remains a great place for companies of any size to put down roots, grow and create jobs. We look forward to our continued work together with DowDuPont.”

“DuPont continues to build its centuries-old legacy of researching and creating new products in Delaware,” said U.S. Senator Tom Carper. “This facility will help keep and attract good-paying jobs here in the First State.”

“From stain-busting enzymes to next-generation biofuels, the products being developed inside the Industrial Biosciences building are exciting for DuPont, Delaware, and the world,” said U.S. Senator Chris Coons. “This state-of-the-art facility represents DuPont’s commitment to Delaware, and with the brilliant men and women who work there every day, the possibilities are endless.”

“DuPont has once again chosen to expand its Delaware roots and tradition of scientific advancement with the official opening of the Industrial Biosciences global business headquarters in Wilmington. The company’s continued investment in the First State will provide hundreds of good paying jobs and drive economic activity throughout the region,” said Congresswoman Lisa Blunt Rochester. “Equipped with state-of-the-art technologies and cutting-edge laboratories, DuPont’s new facility will allow its scientists and researchers to continue their work on ground-breaking, sustainable and renewable products used in everyday life. I am looking forward to the next generation of life-changing, innovative solutions to come out of DuPont’s recently renovated and modernized headquarters.”

“We are collaborating with DuPont to win the future,” said New Castle County Executive Matt Meyer. “We win the future when DuPont Industrial Biosciences chooses to construct its state-of-the-art headquarters right here in New Castle County. For generations to come, Delawareans will be developing innovative, life-saving products for the world at this site.”

Posted June 8, 2018

Source: DowDuPont

SANTEX RIMAR GROUP Shareholders Announce Top Management Change

TRISSINO, Italy — June 6, 2018 —  SANTEX RIMAR GROUP shareholders announce top management change and appoint Simone Rancan, former SMIT CEO, as new CEO of Santex Rimar Group ensuring continuity and a smooth transition after the leadership of Stefano Gallucci.

Simone Rancan started his career in Sperotto Rimar and afterwards managed important companies of the weaving and spinning sector. He joined Santex Rimar Group in 2016 as SMIT CEO.

Stefano Gallucci is nominated CEO of CenterVue, a manufacturer of highly automated medical systems for the diagnosis and management of ocular pathologies based in Italy and USA (www.centervue.com) controlled by Santex Rimar Group shareholders.

Ferdinando Businaro, Santex Rimar Group president, and all employees jointly thank Stefano Gallucci for the transformational development in his leadership years as group CEO and for his contribution in the Group remarkable growth.

Posted June 8, 2018

Source: SANTEX RIMAR

Investing In The Textile And Clothing Factories Of The Future In Europe

BRUSSELS — June 8, 2018 —  The topic of this year’s EURATEX General Assembly, held in Brussels on June 7, was Investments in the Textile and Clothing factories of the future in Europe. The event attracted more than 120 attendees and offered an opportunity to gain interesting insights about a dynamic moment in which the sector is regaining a leading position in the EU industrial landscape. Indeed, over the last few years the Textile and Clothing Industry has invested over 50 billion euros in the European Union — a trend that is predicted to continue in the future.

Moderated by John Scrimshaw of the World Textile Information Network (WTiN), the conference opened with welcoming remarks from EURATEX president Klaus Huneke, who mentioned “the unprecedented wave of young innovative textile and fashion companies that are currently being created across Europe” and stressed that “not only young entrepeneurs innovate and take risks. In the last few years we have witnessed a strong return of business confidence across the entire European textile and clothing industry”.

Keynote speaker Irmfried Schwimann, Deputy Director-General of DG Grow, followed with an exhaustive overview of the financial instruments and funding opportunities available from the European Union.

The main discussion was divided in two panels, focused on investment trends in recent years and visions for the industry in the future, respectively.

CEOs and representatives from seven European companies presented their success stories and shared their first-hand experience in facing the challenges of the sector, from the need of skilled workforce, efforts in moving to sustainable processes and materials, and surpassing barrier regulations that can hinder exports.

Posted June 8, 2018

Source: EURATEX

Tukatech Appoints Chris Walia As New COO

LOS ANGELES, Calif. — June 6, 2018 —  Fashion technology provider Tukatech has announced the appointment of Chris Walia to his current position as COO. Walia joined the company in 2017 as head of Global Operations.

“Chris’s leadership and organizational skills fit our company perfectly, right from the beginning,” said Ram Sareen, Founder of Tukatech. “He has built a team who our customers — brands, vendors, and designers, love to interact with.”

Walia will continue to oversee implementation of Tukatech’s suite of software solutions such as TUKAcad, TUKA3D, and SMARTmark for product development and manufacturing products such as plotters, automatic cutters, laser cutters, and fabric spreaders. Additionally, he will work closely with Sareen on the company’s overall strategy and operations of TUKAgroup, which consists of Tukatech, TUKAweb, and TUKAcenters.

Prior to Tukatech, Walia held senior level positions for prominent apparel and IT solution companies. Walia’s 15 years in various aspects of the garment industry make him a strong leader for bringing technology to Tukatech’s customers.

“One of the key reasons why I chose Tukatech was Ram Sareen. He’s an iconic figure and an innovator in our industry. He’s built a brand that is revolutionizing the next generation of fashionistas and I really wanted to be a part of his journey.”

Walia sees Sareen’s 48 years’ experience in the fashion industry as the strength of the Tukatech brand. “The brainpower that comes with it, the knowledge, the dominant brands and companies, manufacturers and vendors we work with — all of that is the foundation of our success,” says Walia.

Fashion companies are notoriously resistant to change, but Walia sees this as a challenge. “Technology is so amazing, yet so underutilized in the apparel industry,” says Walia. He explains why change is inevitable: “The end-consumers really run the show. Now businesses are challenged to meet the demand of shorter product lifecycle timelines from design to delivery.”

“Tukatech is poised to help companies make the necessary transition to tech,” says Walia. “We stay on the cutting edge with products such as TUKA3D, our Cloud Collaboration tool, and even more innovations on the horizon.”

Walia’s positive energy brings a fresh, youthful outlook. “One of our goals is to promote microfactories within the United States.” The trend in manufacturing is about going from product development to finished product in a fraction of the time it used to take, an undertaking that requires the help of seasoned veterans.

“Walia will be instrumental in growing our company as he coaches our customers to meet the demands of this brave new world of fashion,” says Sareen.

Posted June 8, 2018

Source: TUKATECH

Pasadena Laundry Recertified For Clean Green

ALEXANDRIA, Va. — June 8, 2018 —  California Linen Services of Pasadena, Calif., has been recertified Clean Green, reflecting the company’s dedication to standards for operational efficiency and sustainability. The certification quantifies linen, uniform and facility services’ environmentally friendly performance by confirming an operation launders within TRSA-designated water and energy use thresholds; and verifies use of best management practices (BMPs) in line with the ASTM International environmental laundering standard.

California Linen Service’s customers can be assured their reusable healthcare textiles are washed, dried and finished with processes that maximize sustainability and reduce greenhouse emissions. Clean Green certified operations demonstrate significant commitment to conservation and green operations through these BMPs:

  • Recovering heat from drained hot water and heat dispersed from the process of warming water;
  • Recapturing drained water from rinses for reuse;
  • Using environmentally friendly detergents;
  • Removing solids and liquids from wastewater;
  • Solar energy and energy-efficient lighting;
  • Recycling programs;
  • Re-routing trucks to save vehicle fuel; and
  • Spill prevention plans.

California Linen Service earned the Clean Green certification initially in 2015. The designation is valid for three years at a time. TRSA inspects laundry facilities seeking certification and approves documentation of their water and energy use and BMP deployment through production reports they submit to auditors during the inspections. TRSA’s certification management protocol includes auditor training by the association’s inspection program administrator.

Clean Green aligns with the ASTM International standard, Guide for Sustainable Laundry Practices, which recognizes key criteria for the certification as universal indicators of maximum sustainability in commercial laundry work. ASTM’s review of TRSA BMPs verified these as the most effective and practical techniques for a laundry to achieve green objectives.

TRSA members prompted development of the standard, which was vetted in the sustainability subcommittee of the ASTM Committee on Textiles. Top technical experts, scientists and environmental professionals from outside the linen, uniform and facility services industry reviewed the BMPs. ASTM is the global leader in developing and delivering voluntary consensus standards unparalleled in building consumer confidence in product and service quality.

“I applaud California Linen Services for their ongoing sustainability efforts and maintaining the highest standards in their production and delivery operations,” said Joseph Ricci, TRSA president and CEO. “Meeting all the criteria for certification is not easy, but the company is committed to industry-leading processes and technologies.”

Posted June 8, 2018

Source: TRSA

Texworld USA & Apparel Sourcing USA Summer 2018 Seminar Series

NEW YORK CITY — June 7, 2018 —  Texworld USA and Apparel Sourcing USA are pleased to announce the Summer 2018 speaker listing and educational series topics. This season, a multitude of relevant themes will be presented including discussions on preferred fibers, sourcing, the upcoming Fall and Winter trends outlook and a movie screening of RIVERBLUE.

“Lenzing Fibers continues to organize a compelling line-up of educational opportunities season after season. Attendees can look forward to topics that will keep them on the cusp of what is happening in our ever-evolving industry. Our seminars and Textile Talks are perfect for anyone no matter their level in the business,” explained Jennifer Bacon, show director.

This July, the Texworld Showcase will highlight trends for the Autumn/Winter 2019/20 season, curated by Texworld Art Directors, Louis Gerin and Gregory Lamaud. Gerin and Lamaud will also present vignettes to be displayed in the SPOTLIGHT area of Apparel Sourcing which will feature ‘The Art of Customization – Findings, Trims and Accessories’.

Jana Platina Phipps, a New York City-based expert known as the Trim Queen, will be featuring a trim activation. Known for her refined vision

and impressive list of clients in the world of fashion and home furnishings, Jana will also be conducting a hands-on passementerie workshop providing a brief history and how-to instructions for attendees.

Texworld USA Summer 2018 Seminar Series includes:

Riverblue Film Screening

Moderator: Tara St. James, Production Coordinator + Research Fellow – Pratt Institute – Brooklyn Fashion + Design Accelerator

Following international river conservationist, Mark Angelo, RIVERBLUE, spans the globe to infiltrate one of the world’s most pollutive industries, fashion. Narrated by clean water supporter Jason Priestley, this groundbreaking documentary examines the destruction of our rivers, its effect on humanity, and solutions that inspire hope for a sustainable future.

Microplastics: The Hidden Problem With Polyester

Panelists: Arthur Friedman – Sourcing Journal, Malvina Hoxha – Lenzing Fibers, Kristen Kern – American Footwear & Apparel Foundation, Trish Martin – Okeo-Tex

This panel will examine the subject of microplastics, which has been linked to a number of plastic products. Recently, the subject of microfibers has come into the spotlight as research has shown discharge from washing synthetic fiber garments contributes to wastewater pollution. Legislation is pending in at least two states that would require companies to warn consumers that synthetic fiber garments shed microfibers when washed. The Hohenstein Institute has a study underway that applies technology and testing methods to microplastics in industrial laundry effluents.

Texworld USA Summer 2018 Textile Talk Series includes: Fashion Law

Moderator: Shahrina Ankhi-Krol, Attorney – Ankhi-Krol Law

How To Create An E-Mail Marketing Plan To Turn Subscribers Into Customers

Moderator: Nicole Giordino, Founder – StartUp FASHION

Shahrina Ankhi-Krol, an attorney with a niche practice in Fashion Law, will present pertinent information on brand protection for textile companies and apparel brands through trademark, copyright, and contract laws.

Join StartUp FASHION for a discussion about what an email marketing plan looks like, how to determine what email content makes sense to send to your audience, and how to use your email marketing to create connection with your audience and convert to sales.

Texworld USA Summer 2018 Explore the Floor Series includes:

Introduction To Texworld USA + Apparel Sourcing USA

Moderator: Eileen Small, Texworld USA Industry Expert – Messe Frankfurt USA

An in-depth guided tour of how attendees can “dig deep” and maneuver between areas at Texworld USA & Apparel Sourcing USA.

Hidden Gems

Moderator: Jana Platina Phipps, Embellishment Expert- Trim Queen

Join Jana Phipps for a personal tour as she seeks out and uncovers the hidden gems of Texworld USA.

Ethical Apparel Sourcing

Moderator: Jessica Kelly, CEO & Founder – Thr3efold

Meet Jessica Kelly of Thr3efold for a guided tour of garment manufacturers as she highlights show exhibitors that are committed to ethical sourcing.

All Texworld USA Seminar Series sessions are complimentary for registered Texworld USA and Apparel Sourcing USA attendees. Seating is available on a first-come, first-served basis.

Posted June 7, 2018

Source: Messe Frankfurt

Stitch Fix Names Deirdre Findlay Chief Marketing Officer

SAN FRANCISCO — June 7, 2018 —  Stitch Fix Inc. announced today that Deirdre Findlay has joined the company as its chief marketing officer. In this role, Findlay will lead all marketing, creative, and communications initiatives for the company. Findlay most recently served as senior director of Global Hardware Marketing at Google, where she oversaw marketing for Google’s home hardware products, including Google Home, Chromecast, and Google Wifi. Findlay has nearly 20 years of experience leading cross-departmental teams, delivering strategic integrated marketing campaigns, and building brand strategy at organizations like Google and eBay, as well as for Whirlpool Brands, Allstate Insurance, MillerCoors, and Kaiser Permanente while serving as senior vice president at leading digital marketing agency Digitas.

“Deirdre is a strategic leader with a deep understanding of what drives consumer behavior and how to connect with clients in an authentic way,” said Katrina Lake, founder and CEO of Stitch Fix. “Her blend of vision, creativity, insight, and practical experience building personal and relatable brand experiences will be a major asset to the company as we focus on defining our brand and growing the business. We’re thrilled to have her join our team.”

Findlay joins a seasoned leadership team with diverse experience from companies such as Netflix, Lululemon, Salesforce, and Walmart.com.

“I’m excited to join the talented team at Stitch Fix and take the helm of a brand that sits at the intersection of fashion and technology,” said Findlay. “Stitch Fix’s unique mix of data science and human intelligence provides an amazing opportunity to drive discovery in a way nobody else can. I look forward to bringing the surprise and delight each client feels every time they receive a Fix at their front door to even more people.”

Posted June 7, 2018

Source: Stitch Fix

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