Blue Holdings names new ceo

COMMERCE, Calif. Blue Holdings Inc., a designer, manufacturer and distributor of high-end fashion jeans and denim apparel, today announced the appointment of Glenn Palmer as ceo and president, effective immediately. Palmer brings 30 years of corporate finance, operations and apparel industry experience to Blue Holdings, having served in a broad range of senior management roles at Cerberus Capital Management, Amerex Group, Inc., Best Manufacturing Group, LLC, Liz Claiborne, Bonaventure Textiles USA and Ellen Tracy.

Current ceo and president Paul Guez will continue to serve as chairman of Blue Holdings' board of directors. Guez will continue to be very active in the strategic direction of the company, as well as focusing on further developing the global licensing business.

Prior to joining Blue Holdings, Palmer was at Cerberus Capital Management, a leading private investment firm, where he served as ceo and president of Rafaella Apparel Group, a $250 million apparel manufacturing company. In this position, he led a $172 million debt financing and effectively managed the company through the Federated/May Company acquisition.