-
Kenneth Cole will take his namesake company private in $245 million deal
New York -- Kenneth Cole Productions said its board has approved founder Kenneth Cole's offer to buy up the remaining part of the company that he doesn't already own in a deal worth $245 million.
Cole, currently the chairman and CEO of Kenneth Cole, holds about 46% of its outstanding common stock and controls 89% of its voting power. He will pay $15.25 for each share of the company that he doesn't already own.
-
Eddie Bauer names former Nike executive as new CEO
Seattle -- Eddie Bauer announced Tuesday that Michael R. Egeck has been named its president and CEO, replacing interim CEO David Chamberlain who will remain a member of the board.
Egeck was most recently CEO of Hurley International, a division of Nike. He has also served as president of True Religion.