Home / Knowledge / News / Apparel/Garments / Kellwood Company appoints Lynn Shanahan as CEO
Kellwood Company appoints Lynn Shanahan as CEO
07
Dec '13
Kellwood Company, a leading apparel manufacturer and marketer owned by affiliates of Sun Capital Partners Inc., announced the appointment of Lynn Shanahan to Chief Executive Officer of Kellwood Company following the Initial Public Offering of VINCE, completed November 27th, 2013.

Previously the Chief Executive Officer of Kellwood Brands, Shanahan will now assume all corporate responsibilities of Kellwood Company including Finance, Human Resources, IT , e-commerce and Legal in addition to her existing role running the Branded, Junior and Private label businesses including Rebecca Taylor, David Meister, Sam Edelman and XOXO. She reports to the Board of Kellwood Company.

“Lynn brings 30 years of expertise in brand building, unrivaled industry knowledge and a charismatic leadership style to a pivotal moment of our growth,” said Christopher Metz, Managing Partner of Kellwood Company. “We couldn’t ask for more.”

VINCE, formerly a subsidiary of Kellwood Company, was successfully separated from the Company in an Initial Public Offering which raised $200 million. Further, VINCE raised an additional $175 million in new term loans.

Proceeds from the transactions were used to pay down Kellwood debt which was due in 2014 and 2017. Simultaneous with this transaction, Kellwood Company entered into a new five year $120 million Revolving Credit Facility with Wells Fargo Bank, N.A. to provide for its working capital needs under the new Kellwood Corporate structure.

Shanahan looks to substantially increase the business through the accelerated growth of indigenous brands, the creation of further strategic partnerships, and acquisitions. “We have outstanding brands, fast-turnaround design and production capabilities, relationships with retailers across the spectrum, and a best-in-class e-commerce division. It is a thrill and an honor to be able to lead Kellwood on a vigorous path to growth with this unbeatable mix of assets,” Shanahan said.

To drive the growth strategy of Kellwood, Shanahan, in short order, has built upon the already strong leadership team with three immediate and significant senior executive hires. Joe Lombardi, Chief Financial Officer of Kellwood Brands, is a ten-year veteran of Barnes & Noble, having held the CFO position. Joe has assumed the role of CFO of Kellwood Company.

Jim Scarfone has been appointed as Senior Vice President, Human Resources, joining Kellwood Company from Ulta Beauty, Duane Reade and Toys R Us; and as President of Sam Edelman Apparel, Leslie Singer, previously Executive Vice President of Sales and Merchandising for NYDJ, will join the Kellwood team on December 5th.

The Kellwood portfolio includes an array of well-known, high-growth apparel brands that appeal to a wide range of consumers and lifestyles. A significant success is the Rebecca Taylor Brand with double digit growth in the contemporary women’s fashion arena since acquired by Kellwood in 2011.


Must ReadView All

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search