Management
July 18, 2017 at 1:17 pm
iPROMOTEu, Wayland, Mass., announced that it has hired industry veterans Gary Goodhart and Guy Dupuis as directors of affiliate sales development. In this role, they will work with iPROMOTEu’s independent distributor affiliates (IDAs) to help them increase their sales and profitability. Both new hires have considerable experience working in the promotional products industry and, in…
July 17, 2017 at 2:39 pm
For companies who source apparel items outside of the U.S., countries like China and Bangladesh have been some of the primary origins. In recent years, Vietnam, Cambodia and other Southeast Asian countries have increased production.…
July 13, 2017 at 11:38 am
CPS/Keystone, Erie, Pa., announced a management-led buyout of the company in partnership with a financial sponsor. Key members of the senior management team participating in the buyout include Kippie Helzel, senior vice president of sales; Pete Gleason, vice president of sales; and Eric Enzbrenner, vice president of manufacturing. Leon Bilewitz, president and founder of CPS/Keystone…
July 12, 2017 at 2:09 pm
A Chinese startup meant to create an umbrella-sharing program like a bike-share, but lost more than 300,000 items when no one returned them.
July 7, 2017 at 1:43 pm
Approximately 600 former American Apparel employees who were laid off following the company's sale to Gildan Activewear will receive new job skills training as part of a $3 million award from the California Employment Development Department. The award is designed to retrain workers impacted by the company's bankruptcy and sale this year. The award will…
June 30, 2017 at 12:14 pm
Hasseman Marketing, Conshocton, Ohio, announced today that it has acquired Paparazzi Promotional Marketing, Irvine, Calif. "Marty [Hagerty, founder of Paparazzi Promotional Marketing,] has a great creative mind and has built a business with a great reputation," Kirby Hasseman, CEO of Hasseman Marketing, said in a press release. "I am so excited to partner with them…
June 29, 2017 at 2:11 pm
Last week, we reported that Staples was close to finalizing a sale to Sycamore Partners, a private equity firm. It looks like the deal is just about set, with the company naming a $6.9 billion price tag—significantly higher than the original estimation of $6 billion. According to a press release, Staples' board of directors unanimously approved…
June 28, 2017 at 2:04 pm
Computers across Europe and India were hit by a major ransomware cyberattack this week, causing system failures at A.P. Moller-Maersk (Maersk), the world's largest shipping company. The company made a statement on its Twitter page, detailing the account: https://twitter.com/Maersk/status/879966081611431936 A company spokeswoman told CNBC that the IT issues could impact the company's global operations, but…
June 20, 2017 at 2:40 pm
ePromos Promotional Products, St. Cloud, Minn., announced yesterday in a press release that it has complete the purchase of select assets from Motivators Inc., Westbury, N.Y. "Today's purchase, including the motivators.com brand and its customer base, is consistent with one of our key strategies to serve as a platform company in the promotional products industry,"…
June 13, 2017 at 2:55 pm
Last week, BIC Group announced that it plans to sell BIC Graphic North America and its Asian sourcing division to an affiliate of H.I.G. Capital, a global U.S. private equity firm. Promo Marketing reached out to Emmanuel Bruno, vice president/general manager of BIC Graphic North America for more information on the topic. Promo Marketing: Can…