FREMONT, Calif. — October 19, 2021 — Tailored Brands Inc. today announced the appointment of Brandy Richardson as its CFO, effective November 8, 2021. Richardson joins Tailored Brands with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process improvement and technical accounting. Richardson is well known as a progressive leader who builds and inspires winning teams to accelerate business performance. She will serve on the company’s Executive Committee and have responsibility for Enterprise Analytics, Strategy, Real Estate, Risk Management and Loss Prevention, as well as all aspects of the Finance organization.

“Brandy joins us at a time when we are well-positioned to accelerate our business strategies, delivering for our customers and positioning each of our brands—and the teams that support them — for long-term success,” said Bob Hull, interim co-CEO of Tailored Brands. “Brandy brings a wealth of knowledge and experience in managing a portfolio of companies, increasing liquidity, improving capital allocation and driving value creation. Our leadership team and board of directors are confident that her forward-thinking leadership is the right fit at the right time.”

Peter Sachse, interim co-CEO of Tailored Brands, added, “The experience Brandy brings from her roles in strategy and finance will provide a comprehensive perspective as we continue to navigate the ever-changing retail environment and show up strong for our customers in all the moments that matter. We are excited to have Brandy join our leadership team as we determine innovative ways to execute against our strategic priorities and further our success.”

Richardson recently served as the executive vice president and CFO at Neiman Marcus Group, playing a pivotal role in their Chapter 11 restructuring and in refinancing their exit debt facilities. Across her 15-year tenure with the company, she served in roles of increasing leadership and responsibility, including as senior vice president and chief accounting officer as well as vice president and controller. While with the company, she also served as vice president of Finance for the Marketing and Creative organization, which further enriched her unique point of view. Prior to joining Neiman Marcus Group, Richardson held internal business and consulting roles with Cardinal Health, a medical equipment manufacturer, and Ernst & Young LLP. Through these roles, Richardson has developed deep experience in collaborating with leadership teams to execute enhanced omnichannel strategies that improve the customer experience and drive growth.

“I’m thrilled to join Tailored Brands at such a pivotal inflection point in the company’s journey. This talented team has effectively navigated a number of challenges and, today, is well-positioned to capture the opportunities that lie ahead. I look forward to jumping in to support the company’s ongoing efforts to advance strategic priorities and unlock value,” Richardson stated.

Posted October 19, 2021

Source: Tailored Brands, Inc.

SPRING CITY, Pa. — October 19, 2021 — Davlyn Group, a global leader in technical textiles, has announced that Patricia Rauch has joined the company as CFO. Rauch will lead Davlyn Group’s strategic financial planning efforts as the company continues to expand at a record pace.

“I’m thrilled to welcome Patricia to Davlyn Group. Her expertise and experience in finance and business operations across startups and Fortune 500 companies, coupled with her hands on approach, will be invaluable,” commented Mauricio Zavatti, Davlyn Group CEO.

Rauch’s experience spans multiple industries including manufacturing, distribution, and retail. She was most recently with Corporate Interiors Inc. where she was CFO. Prior to this, Rauch held various financial and operational leadership positions at midsized to large companies.

“I am excited to join Davlyn Group at a time when the company is ramping up its investments to become a global, best-in-class manufacturer,” Rauch commented. “I look forward to working with the executive team to execute the company’s strategic vision and enhance value for our shareholders.”

Rauch holds a BBA in Accounting and an MBA, both from Pace University.

Posted October 19, 2021

Source: Davlyn Group

ASHLAND, N.H. — October 19, 2021 — Carrying on a family textile business that spans five generations, Lawson Glidden has been appointed president of Minus33 and the L.W. Packard company.

Formerly Lead Sock Designer at Minus33, Glidden helped orchestrate the company’s return to domestic manufacturing in 2018, heading up Minus33’s US-made sock program. Assuming the role of president from his father, John Glidden, Lawson Glidden will be the fifth-generation leader of a family business dating back to 1916.

“We measure growth in terms of small town jobs,” Lawson Glidden said. “Twenty years ago, we had to shut down our factory here because the rest of our domestic supply chain moved overseas, but now, in the right applications, domestic manufacturing can be viable, and the Mountain Heritage sock line — made right here in Ashland, New Hampshire — is just the beginning.”

Minus33’s parent company, L.W. Packard, started as a woolen mill on the bank of the Squam River, surviving The Great Depression, the flood of 1936, and two world wars. When the Clean Water Act encouraged the mill to modernize its wastewater discharge system in 1967, the mill expanded and in the process funded the majority of the town of Ashland’s new wastewater treatment plant.

In 1995, L.W. Packard was selected by Textile World magazine as one of the top 10 textile plants in the world, recognized for its achievements in automation, quality, efficiency, safety and innovative human resource programs. Fabric produced by L.W. Packard was used by top-tier apparel brands including L.L. Bean, Calvin Klein, Eddie Bauer, Brooks Brothers, Burberry, Lands’ End, Saks Fifth Avenue, Neiman Marcus, Perry Ellis, Liz Claiborne, Hart Shaffner Marx and Hickey Freeman.

But by 2002, both raw material suppliers and clothing brands that purchased L.W. Packard wool had moved overseas.

“After our suppliers and the brands who purchased from us moved overseas, we continued to manufacture here in New Hampshire for another 15 years by upgrading to premium wool and innovating our operations, until we were forced to shut down the mill,” said Lawson Glidden.

To change with the times, John Glidden and L.W. Packard’s core team of textile engineers created the Minus33 brand. Minus33 harnesses generations of premium wool expertise, specializing in fine merino basics for people who love the outdoors.

“It’s incredibly humbling to step into this role and take on all the responsibility it entails,” said Glidden. “Over the course of the last 100 years or so, my family and this whole community have been tied to the wool business. The town of Ashland grew and was originally incorporated in 1868, owing in part to growth created by the mill. Our ultimate goal is to help bring prosperity to this community and to do it by making great outdoor gear.”

Posted October 19, 2021

Source: Minus33