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Triumph Apparel announces reorganization
30
Apr '09
Triumph Apparel Corporation, which manufactures and distributes women's dance apparel and active wear under the name Danskin, announced that KSL Ventures, LLC had acquired 55% of the Company's equity and voting stock in connection with a recapitalization of the Company.

KSL Ventures and affiliates will provide enhanced sourcing, manufacturing, distribution and marketing opportunities for Triumph's well-established Danskin brand, which it licenses from an affiliate of Iconix. Danskin has been the premier supplier of dance apparel and related products as well as women's active wear and performance wear for many years.

The Company is well known and highly regarded for its successful sponsorship of The Danskin Triathlon series of events held across the country and a major supporter of women's breast cancer research through its Danskin Triathlon activities.

In connection with the recapitalization, all future operations of Triumph will be managed by KSL Ventures, LLC, with the view of returning the Company to profitability. Carol Hochman has agreed to continue her association with the Company through her assumption of the role of Chief Executive Officer of the Company's Triumph Marketing subsidiary, which will focus on product development, expansion of the Company's brands and related opportunities.

Carol will continue to represent the Company as a board member of the Sporting Goods Manufacturers Association and continue in her role as Chairperson of the American Apparel and Footwear Association.

Triumph Apparel Corporation

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