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Berkshire Hathaway Inc

Fruit of the Loom names Burgess-Taylor CEO

2 December 2016 | Beth Wright

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.... read more

US: Brooks Sports selects PTC PLM technology

16 September 2013 | Leonie Barrie

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.... read more

COMMENT: US garment import data not all it seems

3 March 2011 | just-style.com

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.... read more

UK: Fruit of the Loom ramping up Moroccan operations

27 October 2010 | Leonie Barrie

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.... read more

US: Russell Newman shores up executive team

6 August 2010 | just-style.com

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.... read more

UK: Brooks teams with Ironman champ Chrissie Wellington

21 January 2010 | just-style.com

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

US: Sales slump at Berkshire Hathaway’s apparel unit

10 November 2009 | Leonie Barrie

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.... read more

US: Fruit of the Loom to cut jobs - reports

10 August 2009 | just-style.com

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.... read more

UK: Russell Europe to close distribution plant – reports

18 June 2009 | just-style.com

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.... read more

US: VF buys North Face in China, closes $350m intimates sale

3 April 2007 | just-style.com

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.... read more

US: VF to sell Intimates to Fruit of the Loom

23 January 2007 | just-style.com

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.... read more

US: Russell Athletic names Doug Kelly as company president

26 September 2006 | just-style.com

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

US: Berkshire Hathaway completes acquisition of Russell Corp

3 August 2006 | just-style.com

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.... read more

US: Russell chairman to retire after Berkshire Hathaway merger

2 August 2006 | just-style.com

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

US: Berkshire Hathaway in bid for Russell Corp

18 April 2006 | just-style.com

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

USA: Justin To Sell Future Farmers’ Official Boot

30 September 2003 | just-style.com

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

USA: Fruit Of The Loom Axes Plant, 800 Jobs

30 July 2003 | just-style.com

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.... read more

USA: Burlington Sale Attracts Several Bidders

22 July 2003 | just-style.com

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.... read more

USA: Garan Axes Two US Plants In Offshore Switch

16 June 2003 | just-style.com

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

USA: Cone Mills To Bid For Burlington?

2 June 2003 | just-style.com

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.... read more

USA: Burlington Bidders Handed July 10 Deadline

8 April 2003 | just-style.com

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.... read more

USA: Burlington Inds Has Auction Rules Approved

7 March 2003 | just-style.com

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.... read more

USA: Berkshire Ditches Burlington Bid After Court Ruling

3 March 2003 | just-style.com

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.... read more

USA: Judge Denies Burlington Industries Break-Up Fee

28 February 2003 | just-style.com

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.... read more

USA: Berkshire's $579m Battle For Burlington Hots Up

13 February 2003 | just-style.com

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.... read more

USA: Warren Buffett Bids $579m For Burlington Industries

12 February 2003 | just-style.com

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.... read more

USA: Warren Buffett Cuts Jones Apparel Stake To 1.9%

13 November 2002 | just-style.com

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.... read more

USA: Berkshire Hathaway Seals Garan Acquisition

5 September 2002 | just-style.com

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.... read more

USA: Garan Shareholders To Vote On Berkshire Bid

6 August 2002 | just-style.com

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.... read more

USA: Berkshire To Buy Childrenswear Firm Garan For $273m

3 July 2002 | just-style.com

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.... read more

USA: Berkshire Hathaway Completes Fruit Of Loom Deal

1 May 2002 | just-style.com

Bankrupt apparel manufacturer Fruit of the Loom Inc was on Tuesday finally sold to Warren Buffett's Berkshire Hathaway Inc for at least $835 million in cash. Berkshire said it had purchased substantially all of Fruit of the Loom Ltd's business operations and that its acquisition completes the firm's emergence from Chapter 11.... read more

USA: Berkshire, Fruit Of The Loom Deal Gets Go-Ahead

22 April 2002 | just-style.com

After a 27 months in Chapter 11, bankrupt apparel maker Fruit of the Loom Inc is to be finally sold to Warren Buffett's Berkshire Hathaway Inc for at least $835 million in cash. The deal was finally approved by Judge Peter Walsh in the US Bankruptcy Court in Wilmington, Delaware on Friday, and should be closed in about 10 days.... read more

USA: Rocky Shoes Names David Sharp COO

4 April 2002 | just-style.com

Rocky Shoes & Boots Inc, a manufacturer of rugged outdoor, occupational and casual footwear, has promoted David Sharp as executive vice president and chief operating officer. Mr Sharp has served as senior vice president of sales and operations since June 2001. He joined the company in June 2000 as vice president- marketing and manufacturing operations. Previously, he was vice president- general manager of Double H, a division of HH Brown (Greenwich, CT), a wholly-owned subsidiary of Berkshire Hathaway Inc.... read more

USA: Fruit Of The Loom Axes Alabama Plant

28 February 2002 | just-style.com

Continued weakness in textile and apparel sales has led bankrupt clothing maker Fruit of the Loom Inc to close an additional manufacturing facility located in Fayette, Alabama, with the loss of 290 jobs. Phase down of the facility will begin immediately with a permanent closure completed by 28 April 2002 the company said in a statement.... read more

BELGIUM: EU Clears $840m Fruit Of The Loom Purchase

25 January 2002 | just-style.com

The European Union Commission yesterday cleared Berkshire Hathaway Inc's $840 million purchase of Fruit Of The Loom Ltd, the US clothing and underwear manufacturer. The deal was approved because no objections had been raised by third parties during the one-month qualifying period.... read more