Berkshire Hathaway Inc

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Fruit of the Loom names Burgess-Taylor CEO Beth Wright | 2 Dec 16

Melissa Burgess-Taylor has been named chairman and CEO of apparel maker Fruit of the Loom following the sudden and unexpected passing of Rick Medlin earlier this week.


US: Brooks Sports selects PTC PLM technology Leonie Barrie | 16 Sep 13

Running footwear and apparel maker Brooks Sports Inc has selected PTC Product Lifecycle Management (PLM) technology to help streamline product development, materials management and sourcing requirements.


COMMENT: US garment import data not all it seems just-style.com | 3 Mar 11

The 2010 US garment import data is out and it appears that just about everybody is a winner. In fact, among the major garment supplying countries only Haiti showed a decrease for the year. And given the terrible earthquake which hit the country in January, a drop of only 4.3% is not so bad. But, says David Birnbaum, the good news was not all that good.


UK: Fruit of the Loom ramping up Moroccan operations Leonie Barrie | 27 Oct 10

The European unit of underwear and casual clothing maker Fruit of the Loom is ramping up its operations in Morocco on the back of higher demand from its customers as the global economic recovery continues.


US: Russell Newman shores up executive team just-style.com | 6 Aug 10

Following two-years of reorganisation following a series of acquisitions, Russell Newman Brands is forging ahead as a single organisation with a portfolio of brands and private label offerings and a team of soft goods veterans.


UK: Brooks teams with Ironman champ Chrissie Wellington just-style.com | 21 Jan 10

Running shoe company Brooks Sports has announced a multi-year partnership with Chrissie Wellington, a British triathlete and reigning Ironman Champion.


US: Sales slump at Berkshire Hathaway’s apparel unit Leonie Barrie | 10 Nov 09

The slowdown in consumer spending has hit sales at Fruit of the Loom, the apparel business controlled by billionaire Warren Buffett’s Berkshire Hathaway Inc, the company said last week.


US: Fruit of the Loom to cut jobs - reports just-style.com | 10 Aug 09

Nearly 280 Fruit of the Loom apparel workers in Alabama are to lose their jobs after the company decided to relocate to its corporate headquarters in Bowling Green Kentucky.


UK: Russell Europe to close distribution plant – reports just-style.com | 18 Jun 09

Clothing company Russell Europe is to close a distribution centre in the UK as part of a global review of its operations, according to local reports.


US: VF buys North Face in China, closes $350m intimates sale just-style.com | 3 Apr 07

VF Corp’s stock hit a 52-week high on Monday (2 April) after the company took the license for The North Face brand in China in-house and closed the divestiture of its intimate apparel unit to Fruit of the Loom.


US: VF to sell Intimates to Fruit of the Loom just-style.com | 23 Jan 07

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.


US: Russell Athletic names Doug Kelly as company president just-style.com | 26 Sep 06

Sports goods firm Russell Athletic has appointed Doug Kelly as company president.


US: Berkshire Hathaway completes acquisition of Russell Corp just-style.com | 3 Aug 06

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.


US: Russell chairman to retire after Berkshire Hathaway merger just-style.com | 2 Aug 06

The chairman and CEO of sports goods company Russell is to retire this week once the business’s merger with Berkshire Hathaway is completed.


US: Berkshire Hathaway in bid for Russell Corp just-style.com | 18 Apr 06

Sportswear company Russell Corporation is set to be acquired by Berkshire Hathaway, billionaire Warren Buffett’s investment vehicle, in a US$1bn-plus deal.


USA: Justin To Sell Future Farmers’ Official Boot just-style.com | 30 Sep 03

Justin Boot Co is to sell the official boot of the Future Farmers of America, targeting around 465,000 FFA members across the country.


USA: Fruit Of The Loom Axes Plant, 800 Jobs just-style.com | 30 Jul 03

Apparel maker Fruit of the Loom on Tuesday announced plans to axe its lplant in Texas with the loss of almost 800 jobs. The Kentucky-based company said the Harlingen factory, in the south of the state, was no longer viable, and will close with its 791 employees laid-off. Fruit of the Loom, owned by Warren Buffett's Berkshire Hathaway, makes a range of clothing including men's, boys', women's and girls' underwear and intimate apparel along with childrenswear.


USA: Burlington Sale Attracts Several Bidders just-style.com | 22 Jul 03

Textile maker Burlington Industries on Monday said investment company WL Ross & Co has made an offer for it which will see it spin off its carpets division to Mohawk Industries if successful.


USA: Garan Axes Two US Plants In Offshore Switch just-style.com | 16 Jun 03

Children's apparel producer Garan Manufacturing is to axe a further 200 jobs with the closure of a Louisiana clothing plant.


USA: Cone Mills To Bid For Burlington? just-style.com | 2 Jun 03

The world's largest manufacturer of denim fabrics, Cone Mills Corp, was on Friday reported to be mulling a bid for the denim-making assets of bankrupt textile producer Burlington Industries. Reports in the US press claimed the North Carolina-based firm, which has plants in the US and Mexico and supplies industry giants like Levi Strauss & Co, is eager to snap up Burlington's Mexican denim-making operations.


USA: Burlington Bidders Handed July 10 Deadline just-style.com | 8 Apr 03

Textile maker Burlington Industries Inc on Monday said a bankruptcy court had extended its period of exclusivity to solicit acceptances of its reorganisation plan to July 31 and set a July 10 deadline for potential bids.


USA: Burlington Inds Has Auction Rules Approved just-style.com | 7 Mar 03

An auction for troubled textile giant Burlington Industries Inc will be held on June 3 following the collapse of its $579 million sale to Berkshire Hathaway Inc.


USA: Berkshire Ditches Burlington Bid After Court Ruling just-style.com | 3 Mar 03

Billionaire Warren Buffett's conglomerate Berkshire Hathaway Inc on Friday ditched its $579 million bid to buy bankrupt textile giant Burlington Industries Inc after a bankruptcy judge rejected the break-up fee and other terms of the deal.


USA: Judge Denies Burlington Industries Break-Up Fee just-style.com | 28 Feb 03

Troubled textile giant Burlington Industries Inc was on Thursday told by a bankruptcy judge it's not allowed to pay Berkshire Hathaway Inc a $14 million break-up fee should Burlington sell substantially all of its assets to another entity.


USA: Berkshire's $579m Battle For Burlington Hots Up just-style.com | 13 Feb 03

Troubled textile giant Burlington Industries Inc on Wednesday filed a proposed Chapter 11 plan based on Warren Buffett's $579 million bid, although he faces stiff competition from rival bidder WL Ross & Co. The plan provides for Buffett's Berkshire Hathaway Inc to buy all of Burlington's equity in exchange for the cash offer with the monies used to pay off its creditors.


USA: Warren Buffett Bids $579m For Burlington Industries just-style.com | 12 Feb 03

Troubled textile giant Burlington Industries Inc on Tuesday said it had accepted a $579 million cash offer from billionaire entrepreneur Warren Buffet's company Berkshire Hathaway.


USA: Warren Buffett Cuts Jones Apparel Stake To 1.9% just-style.com | 13 Nov 02

Investor Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, has reduced his stake in women's apparel and footwear firm Jones Apparel Group Inc from 6.9 per cent to 1.9 per cent.


USA: Berkshire Hathaway Seals Garan Acquisition just-style.com | 5 Sep 02

Shareholders of apparel manufacturer and leading children's clothing producer Garan Inc on Wednesday overwhelmingly approved its acquisition by Berkshire Hathaway Inc for $273 million. In a statement, Berkshire Hathaway said more than 99 per cent of Garan's shareholders voted in favour of the merger with the investment holding company run by billionaire Warren Buffet.


USA: Garan Shareholders To Vote On Berkshire Bid just-style.com | 6 Aug 02

Shareholders of apparel manufacturer and leading children's clothing producer Garan Inc will decide next month whether or not to back its acquisition by Berkshire Hathaway Inc for more than $273 million. The company, famous for its Garanimals brand, will learn at a meeting in New York on September 4 if its shareholders are in favour of a deal which will see it will see it become a unit of Berkshire but remain based in the Big Apple.


USA: Berkshire To Buy Childrenswear Firm Garan For $273m just-style.com | 3 Jul 02

Apparel manufacturer and leading children#;s clothing producer Garan Inc is to be acquired by Berkshire Hathaway Inc for $273.1 million after the two companies agreed terms on a deal. New York-based Garan enjoyed sales of $257.2 million in 2001 and is famous for its popular Garanimals brand which features animal-themed labels that help youngsters choose clothes.

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