Archive for the ‘Fashion’ Category

Sae-A Trading Announces Definitive Agreement to Acquire Tegra

  • Combined company establishes the market leader in athletic apparel in North America

ATLANTA and SEOUL, South Korea, April 8, 2024 /PRNewswire-HISPANIC PR WIRE/ – Sae-A Trading, the vertically integrated leading garment manufacturer and supply chain solution provider, announced today that it has signed a definitive agreement to acquire Tegra’s operating entities in Honduras, El Salvador, and the US.

Sae-A Trading HQ in Seoul, Korea

Tegra, headquartered in Atlanta, Georgia, develops and manufactures sports apparel products for global brands that ultimately outfit professional, college, and high school athletes and their fans. Tegra’s integrated operational entities include Fjord and ArtFx in the US, Southern Apparel Contractors in Honduras, and Decotex in El Salvador. Those entities, acquired and integrated over time by Tegra, possess unparalleled product and manufacturing knowledge, expertise, and capabilities that benefit customers and suppliers, enabling Tegra to be the leading manufacturer of performance-driven on-field uniforms and gear for elite athletes.

Sae-A Trading, established in 1986, is a vertical textile and apparel garment manufacturer supplying the US and European retail markets, with a global production base spanning both sides of the world: Central America and Southeast Asia. Currently, Sae-A Trading employs more than 30,000 associates across its operations worldwide. Sae-A Trading operates in eight production countries, fully verticalized from yarn spinning, fabric knitting/dyeing, graphic printing, garment washing, and sewing.

“We are proud and thrilled to welcome Tegra into the Sae-A family,” said WK Kim, Global Sae-A Group Chairman. “This acquisition enables Sae-A Trading to further its growth trajectory, while ensuring continuous and consistent delivery of world-class products for its customers. The scale, operational bases, product development capabilities, and know-how that are being established with this combination will create significant opportunities and advantages for our customers and suppliers.” The integration of Sae-A Trading and Tegra significantly expands the company’s geographic presence, and on a combined basis, Sae-A Trading will be a market leader in the Western Hemisphere, complimenting its existing leadership position in Asia. Kim further stated that “Sae-A Trading welcomes Tegra’s vital employee base to the combined company,” and looks forward to accelerated investments in production and capabilities to better serve our valued customers.

“We have been impressed by the commitment of Sae-A to our business, region and customers, and believe this transaction represents an attractive outcome for Tegra, its employees and our stakeholders,” said Steve Cochran, Tegra’s Chief Executive Officer.

Closing is expected to take place in April 2024. The terms of the transaction were not disclosed.

Tegra was advised by Greenhill (Mizuho M&A), O’Melveny & Myers LLP and Palm Tree Advisors; while Baker McKenzie and EY advised Sae-A Trading.

Tegra will be headquartered in Seoul, Korea.

About Sae-A Trading
Sae-A Trading was established in 1986 and is a subsidiary of Global Sae-A, the holding company of the Global Sae-A Group. Sae-A Trading is one of the world’s largest vertically integrated textile and apparel garment manufacturers supplying the US and European retail markets. It has a global production base spanning both sides of the world: the Western hemisphere and Eastern hemisphere. It operates in 8 production companies, fully verticalized from yarn spanning, fabric knitting/dyeing, graphic printing, garment washing, and sewing. Currently, Sae-A Trading employs more than 30,000 associates across worldwide operations.

About Tegra
Tegra was established in August 2016 in Atlanta, Georgia, through the acquisition and integration of New Holland and ArtFx. Supported by leading global brands, Tegra soon became a premier and leading near and onshore apparel manufacturer in the western hemisphere for sport, team and performance apparel with a highly-skilled experienced, stable workforce with differentiated technical skills. Tegra has more than 7,500 employees globally, producing apparel for athletes of all categories and the fan’s that love sport. Tegra has two facilities in Central America (Honduras and El Salvador) combined with three facilities located in the US. Tegra delivers superior product and supply chain solutions through innovation, process integration, capabilities and technology.

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Save the Bays: Fashion Designer Peter Nygard Sentenced to Prison in The Bahamas

Canadian businessman ordered to pay US $150,000 for contempt of court in case involving stolen emails

NASSAU, Bahamas, Nov. 19, 2019 /PRNewswire-HISPANIC PR WIRE/ — The Bahamas Supreme Court sentenced Canadian fashion designer Peter Nygard to 90 days in prison and fined him US$150,000 for contempt of court in a long-running legal dispute centered around an environmental group’s stolen emails.

The pilfered emails belonged to Save the Bays (STB), a non-profit environmental group that has fought Nygard over illegal dredging and development activities at his waterfront home in the Bahamas since 2013. Those activities have destroyed marine life and habitat in Clifton Bay, an area whose natural beauty was made famous in the James Bond movie “Thunderball.”

In 2016, STB’s emails were stolen and read aloud in Parliament. In a landmark decision, a Bahamian judge ruled that two members of parliament had violated the constitutional rights of STB and its members and order that the emails remain private.

In October, Nygard was found to have breached the injunction. Nygard has not appeared for numerous hearings in the court case, and he did not show up at Friday’s hearing, where he was ordered by Justice Ruth M.L. Bowe-Darville to make a full written apology, explain his absence, and promise in writing within seven days to stop using the e-mails.

“For decades, Peter Nygard has behaved as if he was above the law in The Bahamas,” said attorney Fred Smith, a STB director whose emails were among those read in Parliament. “He has been convicted of contempt of court on four separate occasions by the Supreme Court of The Bahamas. His repeated disrespect for the administration of justice has finally caught up with him. I hope he is man enough to come back to The Bahamas he says he loves so much to serve his time and pay the $150,000 fine.”

Under Friday’s ruling, Nygard will have to pay a $5,000 fine for every day that he does not comply with the court’s orders. The $150,000 fine must be paid by November 22 or he will be sentenced to an additional 30 days in prison and an additional $5,000 for every day the fine remains unpaid.

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Antiaging And Regenerative Center Offers GAINSWave® in Distrito Nacional

SANTO DOMINGO, Dominican Republic, Sept. 5, 2018 /PRNewswire-HISPANIC PR WIRE/ – Antiaging And Regenerative Center is pleased to announce they now offer GAINSWave! This breakthrough noninvasive medical therapy uses low-intensity shockwave therapy to enhance sexual performance and to treat Erectile Dysfunction (ED) symptoms.

GAINSWave Logo

As men age, the vessels in their penis weaken, contract and fill with micro-plaque, which can lead to Erectile Dysfunction. As these tiny vessels become clogged, the penis decreases in sensitivity, making it harder for men to achieve and maintain an erection. Thankfully, the GAINSWave protocols can enhance a man’s performance by using high-frequency acoustic waves to repair existing blood vessels and improve blood flow.

Thanks to the numerous clinical studies on Low-Intensity Extracorporeal Shockwave Therapy (Li-ESWT), we can see that this therapy improves not only Erectile Dysfunction symptoms but also sexual performance. “GAINSWave is an ideal solution for men looking to improve spontaneous erections without the use of Viagra or Cialis,” says Victor Atallah. Patients receiving GAINSWave therapy have reported improved erection quality, enhanced sexual performance and decreased refractory times between orgasms, which is why this a great alternative to ED medications.

This drug and surgery-free procedure only takes about 20 minutes and can enhance a man’s sex life while addressing the root cause of Erectile Dysfunction. Antiaging And Regenerative Center is now treating men with the GAINSWave Therapy in their offices located at Av. Abraham Lincoln 1009, Santo Domingo, Dominican Republic.

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Victor Atallah of the Antiaging and Regenerative Center focus on natural treatment therapy for male enhancement. Utilizing cutting-edge shockwave therapy (GAINSWave), the Antiaging and Regenerative Center provides drug-free, non-invasive solutions for men battling erectile dysfunction and Peyronie’s disease in Santo Domingo.

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John Hardy Acquired by Catterton, the Leading Consumer Focused Private Equity Firm

John Hardy Acquired by Catterton, the Leading Consumer Focused Private Equity Firm

Robert Hanson Appointed Chief Executive Officer; Damien Dernoncourt Named Chairman

NEW YORK, July 31, 2014 /PRNewswire/ – John Hardy, a leading luxury designer jewelry brand, today announced that it has been acquired by Catterton, the leading consumer-focused private equity firm.  Terms of the transaction were not disclosed.

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Founded in 1975, John Hardy is a luxury designer jewelry brand known for its handmade craftsmanship, and iconic designs within its collection.  The Company is a pioneer in sustainable luxury and uniquely positioned as the leading designer brand for which each piece is intricately handcrafted and one-of-a-kind.  John Hardy’s recognizable and distinctive jewelry enjoys a loyal customer base and a top-tier, multi-channel distribution footprint, with collections available at more than 600 retail locations across 27 countries and regions, including world-renowned department stores such as Neiman Marcus, Saks Fifth Avenue, Bloomingdale’s, Harrods and Lane Crawford and stand-alone stores in Hong Kong, Jakarta and Bali.  John Hardy recently signed supermodel Cara Delevingne to be the face of its new jewelry campaign.

The Company has appointed Robert Hanson as Chief Executive Officer, effective immediately.  Mr. Hanson brings more than 25 years of brand development and retail experience to John Hardy, including with American Eagle Outfitters, Inc., where he served as Chief Executive Officer, and Levi Strauss & Co., where he served as Global President of Levi’s.  Damien Dernoncourt, who has served as John Hardy’s Chief Executive Officer since 2007, will retain an equity stake in the Company and has been named Non-Executive Chairman, to which he will devote his full professional time.  Guy Bedarida will continue to serve as Creative Director and Head Designer and Miles Graham will continue to serve as President and Chief Operating Officer.

“John Hardy is pleased to partner with Catterton, which will provide the support and resources to continue building our brand and accelerate our growth on an international scale,” said Mr. Dernoncourt.  “I am confident that under Robert’s leadership and together with Catterton, we will enhance our status as a leading designer of unique handmade jewelry while maintaining our Company’s strong core values and luxury positioning.  I am excited to be working with Catterton, Robert, and the entire John Hardy team as we grow and build on our success.”

Mr. Hanson said, “John Hardy is an iconic luxury brand with a loyal customer following, and I have been impressed with the strength of the brand under Damien’s leadership.  I look forward to leading the Company and building upon its tradition of creating truly unique, authentic designs and providing outstanding customer service.  John Hardy is well known for its distinctive style, extraordinary quality and commitment to handcrafted sustainable luxury.  These key pillars will continue to be the cornerstone of our Company and our future success.  With Catterton’s well-established track record for partnering with leading brands to help them capitalize on growth opportunities, I believe that John Hardy has significant potential and a bright future.”

Michael Chu, Managing Partner at Catterton, said, “Catterton is excited to partner with a differentiated brand with a strong heritage and a top-tier, multi-channel distribution footprint.  With Catterton, John Hardy will have a robust platform to enhance its already exceptional brand and accelerate its growth trajectory.  We are confident that John Hardy offers substantial upside through multiple paths for expansion, and look forward to working with Robert and the entire team at John Hardy to capitalize on new market opportunities and realize the Company’s significant potential.”

Catterton has partnered with luxury brands including Restoration Hardware, Baccarat, PIRCH, and Frederic Fekkai to name a few.

About John Hardy
One of a kind.  One piece at a time.  Each by hand.  John Hardy is an authentic handmade jewelry brand reshaping the experience of luxury through a heritage of artisanal design, craftsmanship and ongoing sustainable practices.  For more information, visit www.johnhardy.com.

About Catterton
Catterton is the leading consumer-focused private equity firm with more than $4.0 billion currently under management and a twenty-five year track record of success in building high growth companies.  Since its founding in 1989, Catterton has leveraged its category insight, strategic and operating skills, and network of industry contacts to establish one of the strongest private equity investment track records in the middle market.  Catterton invests in all major consumer segments, including Food and Beverage, Retail and Restaurants, Consumer Products and Services, Consumer Health, and Media and Marketing Services.  Catterton’s investments include: Restoration Hardware, Baccarat, PIRCH, Outback Steakhouse, Sweet Leaf Tea, Noodles & Company, PIADA, Heartland RV, Frederic Fekkai, Build-A-Bear Workshop, Wellness and Nature’s Variety pet foods, Kettle Foods, Odwalla and P.F. Chang’s, to name a few. More information about Catterton can be found at www.cpequity.com.

Contact:

For John Hardy:

USA – Ann Watson
Senior Vice President of Marketing, Communications and E-Commerce
Tel:          212-965-3799
Email:     [email protected]

Asia Pacific – Janice Leung
Director of Marketing & Communications
Tel:           +852 9661 4159
Email:     [email protected]

For Catterton:

Andi Rose / Bryan Darrow
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

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CARIBBEAN’S NEXT TOP MODEL™ ON-AIR APPEAL

Wendy FitzwilliamCaribbean’s Next Top Model Emerges With Lifestyle Brands

CARIBEPRWIRE, NEW YORK – MARCH 26, 2013 – Caribbean’s Next Top Model, a new model competition series created in collaboration with CaribeNTM, Inc. emerges across 25 Caribbean countries with partner brands to promote 11 episodes of the most popular and first of its kind reality television.   The show debuted on Monday, February 18, 2013 on free-to-air – various Caribbean local TV stations, CaribVision and One Caribbean Television, WSEE TV in Puerto Rico during primetime.

Mark Rowen, President of Blue Collar Productions said, “We have been able to partner with CaribeNTM, Inc. to custom design and tailor television production content which highlights the unique attributes of the respective host countries.”

This one hour Reality TV program, co-produced by Blue Collar Productions, one of the leading producers of creative content for licensed television shows, provides a comprehensive look at eleven contenders competing individually and in teams for the chance to be Caribbean’s Next Top Model.  Miss Universe ‘98, Wendy Fitzwilliam serves as the celebrity host and judge, along with associate judges Pedro Virgil, International Photographer, Richard Young, Runway Coach and Creative Director of Trinidad and Tobago’s Fashion Week, and other special guest appearances from experts in the fashion industry and related fields.

Mr. Rowen adds, “We are excited to have had the opportunity to work with Caribbean’s Next Top Model television show.  We have plans to continue working together to produce leading international content with a focus on television production, distribution, marketing and syndication.  Our combined companies have the ability to broaden the future scope of entertainment television.”

The partner brands are included in the episodes in ways that range from product placements, credits, mentions in lines of dialogue, to numerous endorsements on the screen.  “If you are watching the show, chances are you aspire to emulate the lifestyle of the CNTM program’s cast,” said Wendy Fitzwilliam.  “So we want to align with those partner brands that add competitive value and reach.”

Brands such as bMobile, SACHA, and CHI were heavily featured to establish the reality of the worlds the girls lived in.  Beverly Morrison, CEO of Caribbean CHI Ltd., and Juliana Fermin, Director of Ansura Wholesalers in Trinidad and Tobago are excited to be official hair sponsors of the first season.

Beverly Morrison says, “We remain committed to the Caribbean aesthetic and we look forward to the refinement of the contestants as the imagination and execution of CaribeNTM, Inc, beauty with CHI Biosilk exceeds expectations.”

Making brand connections that were organic to the characters became the signature for show.  Juliana Fermin said, “We saw Caribbean’s Next Top Model as a vehicle for the enhancement of many industries that span; fashion, beauty, lifestyle, and television…week after week.”

Executives at SACHA Cosmetics have helped to position our footprint from the beginning to predominantly celebrate women.  “As the official cosmetics of the inaugural season and leader in the cosmetics industry in the Caribbean and as we continue on our drive toward global expansion, we recognize that partnerships like these truly complement our journey,” said Kamla Regrello, Marketing and Retail Manager.

KCL Capital Market Brokers Limited, a licensed full service investment firm based in Trinidad became involved to provide authenticity in the television series financing.  As stated by the company’s CEO Kerwyn Valley, “KCL is committed in its support for creative industries across our region.”

Other partners include Caribbean Airlines, The Carlton-Savannah, Lime Trinre, Factor Women, Caribbean Belle, Blue Waters, Kalloo’s, and Micles.

The CNTM series airs for 11 episodes and is midway through its inaugural season. The show is broadcast in over 25 Caribbean islands on terrestrial and cable television.

For a complete review of CNTM, our broadcast details, to share your thoughts on the show and to become a member fan, like us at www.facebook.com/caribbeansnexttopmodel or log on to: www.caribbeansnexttopmodel.com. Follow us  @CaribeNTM on Twitter.

About Caribbean’s Next Top Model

CARIBBEAN’S NEXT TOP MODEL was founded in July 2011. CNTM’s mission is to unleash island beauties and the enchantment of the Caribbean.  Executive Producers are Wendy Fitzwilliam and Dionyse Fitzwilliam of CaribeNTM, Inc., a production company created in association with AMERICA’S NEXT TOP MODEL under license by CBS International, and Mark Rowen, CEO of Blue Collar Productions (USA).

About America’s Next Top Model

AMERICA’S NEXT TOP MODEL is produced by 10 by 10 Entertainment in association with The Tyra Banks Company.  The executive producers are Ken Mok (“Making the Band”), Tyra Banks and Laura Fuest Silva. The series was created by Tyra Banks and developed by Mok and Kenya Barris. Tyra Banks also hosts the series, which will soon begin airing its 20th cycle in the United States. Currently, AMERICA’S NEXT TOP MODEL is under license in over 100 markets around the world and has 20 international versions in production.  AMERICA’S NEXT TOP MODEL and the AMERICA’S NEXT TOP MODEL format are licensed internationally by CBS Studios International.

About Blue Collar Productions

Blue Collar Productions, is one of the leading producers of creative content for studio released motion picture films and licensed television shows, amassing a high caliber library that includes the production of Caribbean’s Next Top Model.

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Fashion Icon Donna Karan, Explores Investment Opportunities in Haiti’s Heartland

                         Two-city tour showcases strong potential for job creation in tourism and design sectors

 PORT-AU-PRINCE, Haiti, Jan. 16, 2012 /PRNewswire/ — Internationally-acclaimed fashion designer Donna Karan accompanied Haitian Minister of the Interior, Thierry Mayard-Paul, as he visited the cities of Jeremiah and Jacmel during his “listening campaign.”

The visits, a continuation of the Minister’s tour of Haiti’s heartland, are aimed at advancing the government’s goals for building a sustainable economy through investments that support decentralization and drive job creation across all sectors, and throughout all the communities of Haiti.

Minister Mayard Paul and Ms. Karan met with Jacmel’s Tourism Minister Ms. Stephanie B. Villedrouin and visited several hotels and tourist sites damaged by the January 2010 earthquake, including the Hotel Florita, the Jacmelienne Hotel and other severely damaged structures along the coast of the Southeast.

According to the Minister, these structures hold investment opportunities for the region. “Prior to the earthquake, Jacmel was one of Haiti’s wealthiest cities, with considerable tourist assets,” said Mayard-Paul. “With its favorable location, it holds great potential for development and job creation for this region.”

In visiting the city of Jeremiah, Mayard-Paul solicited the needs of residents, and vowed to deliver on their requests for jobs through the ongoing efforts of the Martelly government to make Haiti a country favorable to business for national and international investors. To that end, the Minister of the Interior escorted Ms. Karan to an exhibition of local art and handicrafts on Jeremiah’s city square. In viewing the work of Haitian painters, sculptors and craft persons, Ms. Karan reiterated her passion for Haiti as a nation where “each person is creative” and promised to assist Haitian artisans in promoting their works. “Creativity can be manifested into jobs,” Ms. Karan said, an ardent supporter of Haiti through her company Urban Zen. “The craftwork of Haiti is a model for job creation and education in Haiti. The best investment in Haiti is in her people. Their desire to work says much about their spirit, soul and pride.”

Mayard-Paul also visited Jeremiah’s police station, addressing requests for the redevelopment of the premises, and reassuring authorities that the government is working towards long-term, sustainable solutions. “President Martelly and his administration are implementing every measure to achieve concrete and positive changes,” said Mayard-Paul. “Collaboration and cooperation aimed at attracting local and international investment projects will help us achieve our vision for creating sustainable development for Haiti.”

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Grenada is First Choice for New Clothing Store

CaribPR Wire, ST. GEORGES, Grenada, Weds. Sept. 16, 2009: The young and young-at-heart would want to know about Orinoco, the recently opened specialty retailer located at Le Marquis Complex, Grande Anse.

Orinoco is an apparel store seeking to offer customers a focused selection of high-quality, active-oriented, clothing and fashion merchandise at affordable prices. The company has chosen to locate it’s first retail outlet in Grenada.

Business owner, Julian Alleyne, says “Our research indicated that Grenada has the right ‘vibe’ to launch our concept. It goes without saying that every trendy person needs to be uniquely outfitted when he or she decides to step out in style and we aim to provide choices. We have created, what we believe to be, a warm, customer-friendly shopping environment where discriminating shoppers can relax, have fun and leave satisfied with their purchases”. The young entrepreneur reports that the response so far has been encouraging and looks forward to satisfying the needs of customers.

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Florida Company Introduces Discount Island Bargains

CaribPR Wire, FORT LAUDERDALE, FL, Weds. July 1, 2009: A Florida company is set to offer nationals and businesses in the Caribbean islands, discount shopping and shipping online from this week.

IslandBargains.com will open its online store for business on July 9 th, and is touting itself as the all-inclusive place to shop for brand name items, at discount prices, while also allowing customers to take advantage of the lowest shipping rates.

The store’s owners say the aim is to offer ” discount items” to Caribbean nationals with the opportunity to have their goods shipped directly to themat a reasonable price, “whether it’s rain, shine or a hurricane.”

Bargains include brand name school supplies, food and drink, household items, children toys, building supplies and even hurricane supplies. Costs range from dollar store prices of 33 cents and up.

Caribbean nationals can simply log on to Islandbargains.com , shop, place their order and have the items shipped to them directly, without any hassles. Customers will be able to shop safely and securely online , and track their order and delivery date on the website.

Nationals can also make special procurement requests, and IslandBargains.com will secure the items for you, and ship them at low costs. “Let us know what you want and we’ll get it,” say the store owners.

The company is also offering a unique approach in “consolidations,” meaning even if the nationals shop with other merchants, they can have the goods dropped off at the IslandBargains.com warehouse, and take advantage of the low, discount shipping rates. Most small packages start at US$20, “all inclusive” with no hidden fees!

The company has begun offering direct shipping to Nassau and Freeport in the Bahamas, but urged nationals to k eep their eyes open, as they are coming to your island soon!

“” IslandBargains .com is dedicated exclusively to the delivery of products and goods to the Caribbean, through various vendors throughout Florida,”" says the owner. “We consolidate your freight, take care of customs and provide low shipping costs, as a result.”

ISLANDBARGAINS.COM – For the People.

For more, log on to www.islandbargains.com .

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