6 | CITIZEN | South End | Week of May 15, 2019
Randa Accessories to Acquire Haggar Clothing Co. Randa Accessories, one of the world’s leading accessories companies, announced today that it has entered into a definitive agreement to acquire 100% of Haggar Clothing Co. Randa, a privately-held company founded in 1910, produces belts, wallets, headwear, slippers, luggage, neckwear, jewelry, and other accessories under 50 brands, including Levi’s, Tommy Hilfiger, Columbia Sportswear, Dickies, and Kenneth Cole. Randa distributes its products globally through more than 20,000 stores and employs over 4,000 associates at 26 offices located in 10 countries. Since its beginnings in a one-room office in Dallas in 1926, Haggar Clothing Co. has grown from a manufacturer of men’s fine dress pants and slacks into one of the most recognized apparel brands in the market. Haggar also owns Montreal-based Tribal. Tribal was founded in 1971 and is the largest women’s sportswear supplier to the specialty boutique market in North America, with over 2,400 active accounts. “The acquisition of Haggar is an important waypoint on our strategic journey,” said Jeffrey Spiegel, CEO of Randa Accessories. “Following our Moats, Boats & Bridges strategic roadmap, this acquisition allows Randa to bring its existing expertise to adjacent brands, channels of distribution, and product classifications. This transaction brings together two successful,
financially strong, and complementary businesses to better serve our retail and brand partners, our associates, and our consumers. We believe that brands matter -- and Haggar and Tribal are highly relevant brands in their respective markets.” Randa reports that revenues for the combined companies will be greater than $1 billion this year. “Randa is the ideal strategic partner for Haggar because of the combined strengths of our two companies,” said Michael Stitt, Haggar CEO. “Jeff and his extraordinary leadership team add invaluable scale, resources, expertise, and marketing, in addition to retail partnerships. They align with our core values and high standards.” In 1938, Haggar created the first ready-towear, finished bottom, pre-cuffed pant. During World War II, the company kept factories running 24 hours a day to supply over 10 million uniforms to the U.S. military. Haggar coined the word “slacks” to be worn during “slack time.” By the end of the decade, Haggar had become the largest producer of slacks in the world. In 1980, the company began production of sport coats, vests, and Haggar “Custom Fit” suits, which allowed customers to purchase jackets and pants separately, creating a new menswear category: “suit separates.”
Randa Accessories to Acquire Haggar Clothing Company.
Haggar has over 80 branded brick-andmortar retail locations, a dedicated directto-consumer ecommerce platform, and its products are sold in over 10,000 stores throughout North America. “Today, understanding and applying consumer data is an essential tool,” Spiegel added. “The addition of Haggar’s retail stores and e-commerce business will supply us with invaluable insight into our consumers’ evolving expectations and path-to-purchase. This information will provide a powerful and actionable lens for our retail and brand
partners, as well as our consumers.” Haggar will remain in Dallas and will be managed by Haggar’s current leadership team. “This is a healthy company, led by a strong and respected team of talented professionals,” said Spiegel. “We intend to provide this extraordinary company with additional resources to drive our mutual success.” Randa is funding the acquisition through a combination of cash on hand and committed financing provided by Wells Fargo Bank, National Association and JPMorgan Chase Bank, N.A
Degree® Deodorant Launches Mission and Grants to Encourage America to Move More As the world around us continues to get faster, we seem to be slowing down. More than 60 percent of people today describe their behavior as “sedentary” or only “lightly active,” and 73 percent acknowledge they need to be moving more. This increase in physical inactivity can be attributed to factors such as job types, technology habits and local environment, but what’s worrisome is that a sedentary lifestyle may negatively impact mental well-being and physical health. That’s why Degree Deodorant, a longtime proponent of moving more – is formalizing its mission by committing to help create movement opportunities, tools and resources for 10 million people by 2024 through a variety of partnerships and programs. To get started, Degree is joining forces with Blue Zones, global experts in community health and well-being transformation, to launch a #MadeToMove grant program that will provide half a million dollars in funding for city projects that encourage increased physical movement, with the ultimate goal of promoting more walkable, bikeable and transit-friendly environments for all ages, incomes and abilities. Five communities will receive funding from Degree for technical assistance from Blue Zones’ built environment experts on
ways to advance activity-friendly design, as well as support for movement-first policies and projects tailored to their needs. Examples include, but are not limited to, projects such as: • Repurposing vehicle lanes for various modes of active transportation • Creating protected or buffered bicycle lanes • Completing shared-use trail links • Improving local pedestrian environments (e.g.: curb extensions and crosswalks) • Installing parklets in a downtown or neighborhood business district Cities will be selected and announced this summer with technical assistance, planning and community events rolling out in 2019. Physical project builds will extend into 2020. As part of their partnership, Degree and Blue Zones will measure impact for each city project at multiple touchpoints to track against the brand’s larger commitment. Community organizations and city officials can visit BlueZones.com to apply and access Degree and Blue Zones’ #MadeToMove grant criteria and supporting documentation. Everyone looking to move more can visit DegreeDeodorant.com for Blue Zonesapproved tips and inspiration.
LiP SMACKER® and Crayola® Collaborate to Launch a Colorful Collection
LiP SMACKER® and Crayola® Collaborate to Launch a Colorful Collection.
Coloring outside the lines has never been more fun than with two American brands infusing flavor and color, LiP SMACKER® and Crayola®, teaming up to create an exciting new collection of bold and colorful products— the LiP SMACKER® x Crayola® collaboration. The collection, which pairs LiP SMACKER’s® iconic best flavors forever with iconic Crayola® crayon colors, includes a five-piece Liquid Lip Gloss Party Pack, a Lip Balm Trio and an eight-piece Lip Balm Party Pack. Each Crayola® crayon-shaped lip balm and lip gloss was carefully matched to a Crayola® color associated with a flavor name, for a co-branded product that resonates with consumers. Flavor names include Crayola® color names like Jazzberry Jam™, Granny Smith Apple™, Banana Mania™, Cotton Candy™, Outrageous Orange™, Pink Sherbert™, and Wild Watermelon™. The LiP SMACKER® x Crayola® collection is available now at Target stores and target.com.