IMAGEN Brands, parent company of Crown Products and Vitronic, announced that it has hired Paul Lage as its new president, replacing former president Lori Kates. Lage was previously at Gill-Line, where he was CEO since 2010. Gill replaced Lage with Jamie Fain last week. “We are excited to have Paul join our team at IMAGEN…
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You’ve probably heard someone spout on about how print is dying, right? That selling print is impossible? That news might have come from some nay-saying colleague, a morbid news article, or maybe even your academic advisers when you told them you were going to major in journalism. (That last one might have just been us.)…
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Nike and Adidas are shifting more of their Asian manufacturing business from China to Vietnam, continuing a recent trend of companies choosing to leave China due to higher costs. According to GQ, Adidas reported that 44 percent of its shoes were made in Vietnam in 2017, up 13 percent from the previous year. During that…
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Promo Marketing spoke with CIC CEO Bob Herzog, former CEO of Bullet Line, about how the eCompanyStore acquisition came to be, the future of the two companies, and how distributors can remain competitive amid all the recent mergers and acquisitions…
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TPG Growth, the middle market and growth equity platform of San Francisco-based investment firm TPG, has acquired HALO Branded Solutions, Sterling, Ill., from Audax Private Equity. “At HALO, we strive to provide our clients with innovative, customized solutions that showcase their brand and values,” Marc Simon, CEO of HALO, said in a press release. “TPG…
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Promotional Products Association International (PPAI), Irving, Texas, and Promotional Products Association Of The Mid-South (PPAMS), Nashville, kicked off Promotional Products Work! Week on Friday, May 11, 2018 in Shelbyville, Tenn., also known as “The Pencil City.” Billed as the official kickoff for the national awareness event, happening this week, the event is organized by PPAMS, PPAI…
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Deadpool, the Marvel super “hero” character whose ultra-violent and profanity-laden exploits have made their way to the big screen, is known for being different than the rest of Marvel’s lineup. In addition to the violence and profanity, he’s constantly breaking the fourth wall, and is fully aware that he’s a character in a comic book…
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Corporate Imaging Concepts (CIC), Northbrook, Ill., has acquired eCompanyStore, Alpharetta, Ga., creating what CIC called one of the largest promotional products distributors in the country serving major local brands, according to the Atlanta Business Journal. “Growth through strategic acquisitions is a key pillar of our strategy,” CIC CEO Bob Herzog told the Atlanta Business Journal.…
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After Shira Goldman stepped down from her position as CEO of Staples in January, the company has laid off hundreds of employees. The Framingham Source estimated that 200 employees have been laid off from Staples in the 2018 calendar year. The latest round of layoffs came last week, but the exact details are currently unknown.…
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InnerWorkings Inc., Chicago, announced in a press release that shareholder rights law firm Bernstein Liebhard LLP is investigating “potential securities fraud claims on behalf of shareholders of InnerWorkings Inc.” Today, Bernstein Liebhard announced that a class-action lawsuit has been filed on behalf of those who purchased or acquired InnerWorkings securities between Aug. 11, 2015 and May 7, 2018…
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