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Macy’s head merchant Gennette named president
Jeffrey Gennette will take on the new role of president at Macy's after serving the past five years as the department store retailer’s chief merchandising officer.
Gennette will report to Macy’s chairman and CEO Terry Lundgren and retain day-to-day responsibility for Macy's merchandising functions, as well as oversight of marketing and macys.com. In addition, he assumes oversight responsibility for Macy's private brands organization.
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Igloo trades private equity owners
Leading global cooler manufacturer Igloo was acquired by Washington, D.C.-based private equity firm ACON Investments from Connecticut-based private equity firm J.H. Whitney.
ACON said J.H. Whitney will continue to maintain a small, but undisclosed, stake in the company. Igloo will continue to be led by chairman and CEO Gary Kiedaisch and other members of the existing management team who are also purchasing significant interests in Igloo in connection with the transaction. The company will focus on continued growth in the outdoors, housewares and sporting goods markets.