Home / Knowledge / News / Apparel/Garments / Windsong acquires Cloudveil from Spyder
Windsong acquires Cloudveil from Spyder
18
Feb '10
Spyder Active Sports, Inc. sold its ownership of Cloudveil Mountain Works to Windsong Brands LLC of Westport, CT. The transition of ownership is effective February 16. All intellectual property and assets are part of the acquisition deal. Financial terms of the agreement were not disclosed.

To facilitate a smooth transition for Cloudveil's existing dealer base, Spyder will manage the backend support, shipping, and customer service aspects of the Spring 2010 season. “We want to maintain continuity of service and brand integrity through this sale,” noted Spyder CEO Tom McGann. “Cloudveil is a dedicated mountain lifestyle brand with a passionate consumer base. We wish to ensure Cloudveil retailers that the brand and its daily operations are passed off smoothly to the Windsong Brands team,” he said.

Bill Sweedler, Windsong Brands CEO added, “Cloudveil, with its mountain culture, is a unique and truly authentic American brand that resonates with the core outdoor consumer. We look forward to remaining true to this consumer and through our efforts, developing and expanding the brand's presence beyond its core categories through licensing initiatives in complimentary classifications. In addition, we are excited to begin expanding Cloudveil's core business through new, and existing, premium retail channels. Our new Board, which includes core outdoor industry executives, has chosen Jim Reilly, an investor along with Windsong, to lead the company moving forward.”

Reilly comes to Cloudveil Mountain Peak, LLC with years of outdoor and sporting goods experience, including serving as CEO of Cloudveil, COO of The North Face and executive positions with adidas and Nike. Jim will be responsible for ensuring that Cloudveil stays true to its roots and guides the brand using a new business model with this fresh start.

“Windsong Brands was the perfect fit for this company,” commented Jim Reilly, new president of Cloudveil Mountain Peak, LLC. “Windsong knows the space and has significant experience in growing consumer brands. I am confidant that we form a great team who has deep industry experience and that we can take Cloudveil to the next level of consumer awareness and brand recognition.” Speaking about the future, Reilly added, “Cloudveil has developed a worldwide presence and we will immediately be reaching out to our consumers, retail customers and all potential international partners to assure a bright future for the Cloudveil brand.”

Spyder acquired Cloudveil in early 2008 and was managed as a separate brand entity, operating as a wholly owned, independent division of Spyder. McGann stated that the divestiture allows the company to focus all its resources on Spyder brand growth while Cloudveil benefits from the sale to an experienced private investment company that is focused exclusively on building world-class, consumer branded businesses.

Spyder Active Sports Inc

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search