True Religion Apparel has appointed David Conn as CEO. He will be joined by a new leadership team that, together with the company’s new owner, TowerBrook Capital Partners L.P., will be charged with guiding the company into its next phase of growth.
Ahava, a leading skincare brand, has promoted Elana Drell Szyfer, currently CEO of the company in North America, to group CEO of Ahava globally. She replaces Yacov Ellis who has resigned his position to pursue new opportunities, following a 10-year tenure as CEO.
The Shareholders Foundation has announced that an investor who currently holds Maidenform shares filed a lawsuit to halt the proposed takeover of Leap Wireless International by HanesBrands for $23.50 per share.
Martha Stewart Living Omnimedia decided to end the publication of two print titles and exit live television programming following lower revenues in publishing and broadcasting, which caused total revenues to decrease 13.5% to $42.2 million in the second quarter ended June 30, from $47.9 million in the same quarter last year.
The nation’s largest egg producer, Cal-Maine Foods, said it sold 243.3 million dozen eggs in its fourth quarter ended June 1, and moved closer to surpassing the 1 billion dozen threshold for the full fiscal year.
Electrolux Major Appliances North America has named Daren Couture as SVP of end-to-end supply chain. Couture will oversee the company’s supply chain and nine manufacturing facilities in North America, including the newest cooking appliances facility located in Memphis, Tenn.
Driven by strength in its baby and parenting and tools business units, Newell-Rubbermaid grew second quarter sales 3.5% to $1.47 billion, but profits fell slightly to $109.8 million, or 37 cents a share, compared with $111.8 million, or 38 cents a share, the prior year.