Fashion
Fruit of the Loom names Reebok veteran new SVP of brands
Published
October 21, 2025
Fruit of the Loom Inc. announced on Tuesday the appointment of Scott Daley to the role of Senior Vice President – Brands, effective November 3.
Daley succeeds Tony Iannuzzi, who is retiring from his role as senior vice president of apparel, after 36 years at the U.S. apparel maker.
In his new role, Daley will oversee brand strategy, execution, and profitability for the Kentucky-based company’s Fruit of the Loom, Vanity Fair Lingerie, Russell Athletic, and Jerzees brands in the U.S. and Canada, as well as Spalding globally.
With some three decades of experience at Reebok, where he held a series of leadership roles culminating in his position as general manager for U.S., Daley’s previous roles at the American sportswear giant included vice president of global footwear, general manager of the running business, and head of basketball products and apparel.
“Over his three decades with the company, Tony has played a pivotal role across various departments and with our customers, vendors, and employees alike. His customer empathy, strong leadership, and business acumen have been pivotal to the company’s success. Scott’s experience will build on Tony’s legacy, and we are excited about the future he will build for our brands,” said Jeff Cohen, CEO.
Earlier this year, Fruit of Loom announced its launch in Uruguay for next year, where it will work with Uruguayan group Lolita to grow in five more Latin American markets.
Copyright © 2025 FashionNetwork.com All rights reserved.
The Confederation of Indian Textile Industry (CITI) is very thankful to the Reserve Bank of India (RBI) for announcing a cut in the repo rate by 25 basis points to 5.25 per cent and remains hopeful that this would translate into lower cost of borrowing and ease of capital availability for micro, small and medium enterprises (MSMEs) in the textile and apparel sector in future.
CITI thanked the RBI for cutting the repo rate to 5.25 per cent, saying it should ease borrowing and improve capital access for MSME-dominated textile and apparel firms.
Chairman Ashwin Chandran welcomed RBI’s 7.3 per cent GDP growth and softer inflation outlook.
He noted the sector remains hit by the US’ 50 per cent tariff, with exports there at about $11 billion.
“The latest cut in the repo rate is an extremely positive measure taken by the RBI to fast-track overall growth and development,” CITI chairman Ashwin Chandran said.
“Our expectation now would be that this would get reflected in lower cost of borrowing and banks easing access to capital for MSMEs in the textile and apparel sector, many of whom often face a challenge on this front,” Chandran added. Banks are often reluctant/slow to pass on rate cuts to customers.
Most companies in India’s textile and apparel sector, one of the largest job-generators in the country, are MSMEs.
Chandran said it was heartening to note that the RBI has projected real GDP growth for the financial year 2025-26 at 7.3 per cent. “The resilience shown thus far by the Indian economy to global headwinds is commendable and stands testimony to the inherent strength of our domestic economy,” he added.
The CITI chairman said the RBI forecast of an overall softening in inflation was also good news. The RBI has revised downward its projections for average headline inflation in 2025-26 and Q1 of 2026-27. The RBI has now said that both headline and core inflation are expected to be around the 4 per cent target during the first half of 2026-27.
India’s textile and apparel sector is among those hit hardest by the 50 per cent tariff imposed by the United States on Indian goods, effective August 27.
The US is the single-largest market for India’s textile and apparel items, with around 28 per cent of these Indian goods being sold in the world’s No. 1 economy. India’s textile and apparel exports to the US in the financial year 2024-25 stood at nearly $11 billion.
Fibre2Fashion News Desk (HU)
How will FoC cap removal impact the Bangladesh RMG industry?
Trump’s Pentagon chief under fire amid mounting scandals
Alabama didn’t look like a playoff team against Georgia. Should it matter?
-
Tech7 days agoGet Your Steps In From Your Home Office With This Walking Pad—On Sale This Week
-
Fashion6 days agoResults are in: US Black Friday store visits down, e-visits up, apparel shines
-
Sports6 days agoIndia Triumphs Over South Africa in First ODI Thanks to Kohli’s Heroics – SUCH TV
-
Entertainment6 days agoSadie Sink talks about the future of Max in ‘Stranger Things’
-
Politics6 days agoElon Musk reveals partner’s half-Indian roots, son’s middle name ‘Sekhar’
-
Tech6 days agoPrague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
-
Sports6 days agoBroncos secure thrilling OT victory over Commanders behind clutch performances
-
Entertainment6 days agoNatalia Dyer explains Nancy Wheeler’s key blunder in Stranger Things 5