US: Russell chairman to retire after Berkshire Hathaway merger
Chairman and CEO John F Ward announced his intention to leave in a memo cited on Friday (28 July) by The Alexander City Outlook. He has been chief executive of the company since March 1998.
Russell's shareholders are said to have today given the go-ahead to the company being bought by the insurance and investment company for US$699m.
Apparel maker VF Corp is to sell its intimate apparel business for US$350m to Berkshire Hathaway unit Fruit of the Loom as part of its strategy to streamline its operations....
Outdoor goods chain Blacks Leisure has issued its third profit warning in six months after sales plunged during the Christmas period....
John Zawacki, president and chief executive officer of direct marketer Blair Corp, will retire from the company and its board on 1 April 2007....
Blacks Leisure's CEO is staying quiet on rumours the struggling business could be the bid interest of business mogul Mike Ashley, the man behind the Sports World International and Lillywhites names....
Sports goods firm Russell Athletic has appointed Doug Kelly as company president....
The sale of Russell Corporation to Fruit of the Loom Inc, a subsidiary of Berkshire Hathaway, was completed on Wednesday (2 August) after being overwhelmingly approved by shareholders....
Security and armour specialist Armor Holdings is set to invest more than US$12m in new acquisition Integrated Textile Systems (ITS) after paying an undisclosed sum for the company....
Delays in signing the Central American Free Trade Agreement (CAFTA) have cost Guatemala's textiles industry US$160m in uncommitted investments, Carla Caballero, general manager for Guatemalan Apparel ...
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