Tel-Aviv and U.S.-based Delta Galil Industries Ltd. is set to expand its global presence when it buys Schiesser AG, a leading manufacturer and marketer of children's underwear for the German market. The acquisition is expected to be completed in July for an estimated $90 million. Delta Galil, a global manufacturer of branded and private-label apparel for men, women and children in the Middle East, the U.S., Asia and Europe is not yet present in German-speaking countries. Schiesser commands 25 percent of the German market in children's underwear.
On May 31st at The Plaza Hotel in New York, Kids in Distressed Situations will celebrate the sixth anniversary of its Women in Industry Luncheon. This year's recipients of the K.I.D.S. Women of Achievement award are Kathy Ireland, CEO and chief designer at Kathy Ireland Worldwide; President and General Manager of PBS kids Sprout Sandy Wax; and Sharon John, president of Stride Rite Children's Group. The event will include a presentation by Ireland on the steps she took to grow her business into a Fortune 500 company.
Little monsters everywhere can rock out to the newest Baby Blanket Music collection that features lullaby arrangements of some of Lady Gaga's most famous songs, including Just Dance, Poker Face, Bad Romance and The Edge of Glory. Past Baby Blanket Music collections include songs from artists like Madonna, Elton John and The Beatles. "As our line continues to expand, we are excited to introduce the songs of Lady Gaga," notes Josh Rutt, founder and CEO of Baby Blanket Music.
Footwear brand Stride Rite is ramping up its licensing efforts just in time for the blockbuster season with its all new Marvel-branded X-celeRacers shoes that feature Marvel super heroes like Iron Man, Captain America, The Incredible Hulk and Spider Man. The shoes, which will be available at locations where Stride Rite shoes are sold, come with an adjustable closure for a great fit, a grooved outsole for traction and lightweight cushioning for comfort.
The Consumer Product Safety Commission (CPSC) in cooperation with Target Corp. is recalling 264,000 Target Home Bunny Sippy Cups. The rabbit-shaped toddler training cups have protruding ears that can poke a child in the eye during use. The recall was issued after six reports of the plastic ear poking children, with cuts and bruises in three of those reports.
Toy giant Hasbro is cashing in on the reinvigorated boy band frenzy with a collection of toys and games inspired by the super-popular One Direction. The line, which will launch globally, will feature fashion dolls and mini-figures of all five members of the boy band. "In the short time since the group's debut, One Direction has captured the hearts of many young fans across the world," notes John Frascotti, Hasbro's chief marketing officer.
Paul Frank and its iconic monkey character are teaming up with Najarian Furniture Company for a line of Paul Frank furniture for kids ranging from toddlers to teens. The collection will feature bedroom sets, storage cubes, stackable ottomans and desk chairs. "From a style and design perspective, our partnership with Paul Frank feels like a natural extension of what we do and allows us to create a great-looking product that is unlike anything else in the marketplace," explains Mike Najarian, president of Najarian Furniture Company.
Children's Place Retail Stores Inc. announced on Wednesday that it had named Steven Baginski as its new chief financial officer. Baginski has more than 25 years of financial and management experience that includes positions at Hercules Tire & Rubber Co. and Limited Brands Inc. and he most recently served as financial chief at Kellwood Co., a private apparel manufacturer.
L'Oreal has purchased baby products company Cadum to reach more customers in its domestic market, the French beauty giant announced on Thursday. Terms of the deal were not disclosed, but according to industry reports, the acquisition cost an estimated $264.5 million. Cadum will be added to L'Oreal France's Consumer Products Division, which includes the L'Oreal Paris, Garnier-Gemey-Maybelline and LaScad business units.