Calvin Klein and Tommy Hilfiger product manufacturer files for bankruptcy

Executives at Centric Brands, a key manufacturer for the likes of Calvin Klein and Tommy Hilfiger, have filed for bankruptcy protection.Based in New York City, the lifestyle brand collective designs, sources, markets, and sells fashion products across …

Executives at Centric Brands, a key manufacturer for the likes of Calvin Klein and Tommy Hilfiger, have filed for bankruptcy protection.

Based in New York City, the lifestyle brand collective designs, sources, markets, and sells fashion products across multiple markets, with the company’s portfolio also making items for licensed brands such as Nautica, Spyder, Under Armour, Joe’s Jeans, Hudson Jeans, Kate Spade, Michael Kors, Timberland, and Jessica Simpson. It also owns the rights to Zac Posen’s label.

However, bosses at Centric Brands announced on Monday that they have voluntarily filed for protection under Chapter 11 amid the coronavirus crisis.

According to the U.S. Bankruptcy Code, a Chapter 11 filing permits reorganisation under the bankruptcy laws.

“The current crisis has significantly impacted companies across all sectors. The pandemic disrupted many of our wholesale accounts’ ordering and constrained our cash flow. However, we are confident that with added flexibility in our capital structure, we will be well-positioned for long-term success during this period and beyond,” said Jason Rabin, chief executive officer of Centric Brands, in a statement. “We thoroughly evaluated all possible strategic options to address this environment. After extensive review, we determined that partnering with our current lenders to pursue this path will result in a stronger financial position and more resources to support future growth, while allowing us to focus on serving key stakeholders.”

The team at Centric Brands intends to continue operating as usual amid the restructure process and expects to emerge as a private company with the support of existing stakeholders.

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Lindsey Vonn unveils new athletic wear collection with Under Armour

Skiing champion Lindsey Vonn is fronting a new campaign for Under Armour’s latest collection, which has been designed just for athletes. The gold medalist announced the collaboration in a video post on Instagram on Tuesday (05Mar19), sharing her excit…

Skiing champion Lindsey Vonn is fronting a new campaign for Under Armour’s latest collection, which has been designed just for athletes.

The gold medalist announced the collaboration in a video post on Instagram on Tuesday (05Mar19), sharing her excitement over being the first athlete to join the label’s Project Rock venture alongside Dwayne ‘The Rock’ Johnson,

“I’m so proud to announce that I’m the FIRST athlete to join team #ProjectRock alongside @therock,” she captioned the footage. “DJ’s attitude towards training, and life in general, inspires me to be better, stronger; pushing to bend boundaries any way I can. And just because I’m retired doesn’t mean my training is over. My next chapter is just beginning!!”

Vonn admits it was Johnson’s involvement that made her want to be a part of the apparel company’s new venture.

“I am so excited to be on team Project Rock,” she tells People. “What I find so inspiring about Dwayne is that he always gives 110 per cent in everything that he does. He basically stands for 100 per cent authenticity and 100 per cent effort.”

Johnson launched Project Rock last year (18) and released the widely popular 1 athletic sneaker. Vonn’s new collection is set to be released on 21 March (19).

It comes after Vonn was forced to step back from her sporting career at the end of the 2018-2019 season following extensive knee injuries.

“It’s been an emotional two weeks making the hardest decision of my life, but I have accepted that I cannot continue ski racing,” Vonn wrote on the photo sharing site last month (Feb19). “I will compete at the World Championships in Downhill and SG (super giant slalom) next week in Are, Sweden and they will be the final races of my career.”

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Dwayne ‘The Rock’ Johnson honours veterans with new Under Armour collection

Dwayne Johnson is saluting U.S. military members by honouring them with a special Under Armour line. The wrestling icon-turned-action superstar, aka The Rock, has introduced the Veterans Day Collection for his Project Rock athletic brand just ahead of…

Dwayne Johnson is saluting U.S. military members by honouring them with a special Under Armour line.

The wrestling icon-turned-action superstar, aka The Rock, has introduced the Veterans Day Collection for his Project Rock athletic brand just ahead of this weekend’s (11Nov18) holiday, with a portion of the proceeds benefiting charity.

The items featured include T-shirts, hoodies, sweatpants, and other training gear, all in shades of army green, black, and grey, with pieces bearing the Jumanji: Welcome to the Jungle actor’s motto, “Blood, Sweat, RESPECT”.

Dwayne has also revamped his popular Project Rock 1 sneakers, which sold out upon its initial launch earlier this year (18). This time, the shoes have been made stronger and tougher, with additional heel and ankle support, as well as a rubber sole for traction.

And he’s making sure service men and women can get their adrenaline pumping while listening to their favourite tunes by adding a camouflage colourway of his wireless headphones, which were designed to be sweat proof to withstand his strenuous workouts.

“Warriors, come out to play,” he wrote on Instagram as he introduced the line. “This upcoming Veteran’s Day, we honor the hardest working men and women in America. Soldiers that thru (sic) grit, guts and loyalty always get the job done.”

“Myself and @underarmour designed a brand new collection honoring these warriors,” Johnson continued.

“This new collection is not just in honor of those who serve, it’s in support of them. Our donation supports @teamrubicon. The veteran run organization doing incredible work in disaster relief and veteran integration. #ProjectRock #UAFreedom #RESPECT #VeteransDayCollection”.

And as the products went on sale on Thursday (08Nov18), Dwayne shared a brief message for fans who’ve served: “My new @underarmour collection is inspired by the hardest working men and women in America. With boundless gratitude and respect ~ DJ.”

“Train hard. Stay strong. Enjoy the gear,” he added.

The Veterans Day Collection is part of the Under Armour Freedom initiative, which recognises the sacrifices made by members of the military with special clothing designs.

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Kenneth Cole to expand international presence with new partnership

Kenneth Cole has signed a deal with Global Brands Group to boost international growth.The fashion house was founded in 1982 by designer Kenneth Cole, with the brand later expanding to include footwear, fragrance and accessories. But Cole is now making…

Kenneth Cole has signed a deal with Global Brands Group to boost international growth.

The fashion house was founded in 1982 by designer Kenneth Cole, with the brand later expanding to include footwear, fragrance and accessories.

But Cole is now making moves to ramp up its presence outside of the U.S., and executives announced on Wednesday (21Mar18) that they had partnered with Global Brands.

“We are looking forward to having a Central European-based partner who specialises in footwear and is able to offer best-in-class service to department stores and independent retailers in these regions,” said Kenneth Cole chief executive officer Marc Schneider, according to Footwear News. “We are excited about this partnership and the growth opportunities it affords us in these categories of our business.”

Hong Kong-based Global Brands designs, develops, markets and sells products under a diverse array of owned and licensed brands, with the company either owning or having significant control over labels such as Calvin Klein, Under Armour, Juicy Couture, Frye, Joe’s, Cole Haan and Spyder.

Cole is looking to push its Kenneth Cole New York and Reaction Kenneth Cole collections, with Global Brands bosses keen to get the apparel sold in retailers in cities in London, Paris and Milan.

“Kenneth Cole and his brand had defined the standard for New York style and social consciousness for more than three decades,” added Mike Hiscock of Global Brands Group. “We believe (the label) has tremendous potential to resonate with consumers far beyond the levels it is currently reaching.”

Global Brands will also manufacture handbags for Cole, with the first totes set to drop later in the year.

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