Lids acquires Nashville Sporting Group
Indianapolis – Lids Sports Group has acquired wholesale team sports company Nashville Sporting Goods and its production affiliate National Team Embellishment, both headquartered in Nashville, Tennessee. The purchase includes Nashville Sporting Goods.
“The acquisition of Nashville Sporting Goods is a perfect fit for Lids Team Sports,” says Ken Kocher, president of Lids Sports Group. “Not only will this expand our team sports presence in our parent company Genesco’s backyard, but this acquisition, coupled with our existing national presence, will solidify LIDS Team Sports’ regional stronghold in the sportswear and wholesale team sports business. We look forward to sharing our sporting goods expertise and services with existing and new customers across Tennessee and Alabama.
“Included in the acquisition are 11 highly experienced sales professionals located throughout Tennessee and Alabama as well as a first-class production and distribution facility. We are confident that operations of Nashville Sporting Goods will continue uninterrupted and seamlessly for our customers through the transition.”
Toys ‘R’ Us names financial expert as VP of finance
Wayne, N.J. – Toys “R” Us Inc. has named Chetan Bhandari senior VP, corporate finance and treasurer. In this capacity, Bhandari will be responsible for managing relationships with domestic and international lenders, depository banks, credit insurers and credit rating agencies, as well as overseeing the company’s global cash management, foreign exchange programs and capital markets activities.
An experienced finance executive with broad retail and consumer goods experience, he was most recently managing director at GLC Advisors & Co. LLC. Prior to this, he served as a managing director in investment banking at Goldman, Sachs & Co., responsible for the consumer/retail group’s leveraged finance business across the Americas.
Macy’s launches omnichannel wedding promotion
New York – Macy’s is launching an online wedding promotion in partnership with TV host and fashion consultant Clinton Kelly. Known as “Weddings with Clinton Kelly,” the promotion will include an online wedding hub with a collection of articles and videos to help build the perfect registry, as well as advice from Kelly.
The Weddings with Clinton Kelly campaign will be supported by exclusive events with Kelly in select stores, social media, digital media and print advertising. It will also include an online sweepstakes from Aug. 14 – Sept. 14, with the winner getting a weekend trip for two to New York City.