GNC announces executive promotions
Pittsburgh — GNC Holdings announced that it has made three promotions in its merchandising, marketing and store operations functions. The company also announced that David P. Berg has resigned, effective this September, from his position as COO to pursue other interests.
Thomas Dowd, a 22-year GNC veteran, has been promoted from executive VP store operations and development to executive VP chief merchandising officer, and general manager.
Jeffrey Hennion has been promoted from executive VP chief branding officer to executive VP and CMO.
Darryl Green has been promoted from senior VP domestic franchising to senior VP domestic store operations.
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Guns in the workplace
New York City — On June 17, 2011, Texas Governor Rick Perry signed a bill into law that will limit an employer’s right to prohibit guns and ammunition in the workplace. While the law does not necessarily allow employees to carry firearms at work, it does allow employees to store and have access to firearms kept in privately owned vehicles parked on or in employer provided parking areas. Given that 461,724 Texas residents hold a concealed handgun license, this law is likely to have a significant impact on the workplace across a broad swath of industries, including retail.
For a legal overview, click here.
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Sun Capital and Kellwood to acquire Scoth & Soda fashion brand
St. Louis — An affiliate of Sun Capital Partners and Kellwood announced an agreement to acquire Amsterdam-based fashion brand Scotch & Soda. The deal is expected to close in August 2011 upon regulatory approval. Terms of the private transaction were not disclosed.
The Scotch & Soda founders and management team will continue in their respective roles. Scotch & Soda fashions are sold in over 30 company-owned and franchised retail stores worldwide and in more than 7,000 partnership accounts. The brand has strengthened its online presence through its integrated web store, blog, and social media outlets.
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