Eddie Bauer names former VF Outdoor CFO as new COO/CFO
Bellevue, Wash. — Eddie Bauer LLC said Monday it has named Daniel E. Templin as COO and CFO of the company.
Templin was previously CFO for VF Outdoor, which includes brands such as The North Face, Vans, JanSport and Timberland.
Eddie Bauer also announced that current CFO Marv Toland will move into the newly created role of senior VP Direct with responsibility for the brand’s e-commerce and catalog businesses.
Alliance Boots acquires Chinese drug wholesaler stake
Zug, Switzerland — Swiss drugstore chain Alliance Boots said Monday it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.
The deal follows Walgreen Co.’s $7 billion investment in Alliance Boots in a move to expand into China.
Alliance Boots runs the largest drugstore chain in the United Kingdom.
Walgreen’s initial plan is to acquire about 45% of Alliance Boots with an option to buy the rest of the company in three years.
Gap Inc. names H&M designer as creative director for namesake brand
San Francisco — Gap Inc. said Monday it has named Rebekka Bay as creative director and executive VP for Gap Global Design, effective Oct. 1.
Bay is most noted for conceptualizing, developing and launching the COS brand for Hennes & Mauritz. She spent five years as creative director at COS.
Bay will be responsible for Women’s, Men’s, 1969, Accessories and Body lines worldwide.