Fashion
US’ Centric Brands acquires Fownes Brothers cold-weather assets
Fownes Brothers, first established in 1777 as a premier leather glove manufacturer in Worcester, England and family-owned by Tom Gluckman and the Gluckman Family, is a premier importer and distributor of licensed and private label cold-weather accessories with a reputation for craftsmanship, technical expertise, and deep retail partnerships.
Centric Brands has acquired select assets of Fownes Brothers & Co, covering cold-weather accessories operations, intellectual property and sourcing.
The deal adds licences including Ugg, Timberland and Cole Haan, alongside private-label manufacturing for The North Face and Lululemon.
Andrew Gluckman joins as SVP to lead the division, strengthen category leadership and drive scalable, profitable growth.
As part of the acquisition, Centric Brands will assume key licenses including Ugg, Timberland, and Cole Haan, as well as private label manufacturing agreements with The North Face and lululemon. These additions further enhance Centric Brands’ portfolio and strengthen its leadership in the cold-weather accessories market.
Additionally, Andrew Gluckman will join the Centric Brands team as SVP, Division Head Cold-Weather, overseeing the acquired licenses and supporting the continued growth of the broader cold weather accessories division.
“We are excited to welcome Andrew and the Fownes Brothers legacy into Centric Brands,” said Jason Rabin, Chief Executive Officer at Centric Brands. “Our growth strategy is built upon developing powerful, scalable brands across key categories, and this acquisition meaningfully advances that approach. By integrating the Fownes Brothers business into our accessories platform, we are expanding our capabilities, accelerating scale, and positioning the business for sustained, profitable growth.”
“By integrating these world-class licenses and private label relationships into our portfolio—and with Gluckman’s leadership—we are well-positioned to expand our accessories business and deliver innovative, high-quality products to consumers across all retail channels,” said Jarrod Kahn, Group President, Accessories at Centric Brands. “This acquisition strengthens our ability to drive category leadership, optimize sourcing and production, and deliver differentiated product across multiple retail channels.”
“This marks a new chapter for Fownes Brothers,” said Tom Gluckman, co-founder of Fownes Brothers & Co. “Our family is proud of the legacy we have built in cold-weather accessories, and we are thrilled to bring that expertise and our valued partnerships into Centric Brands.”
This acquisition reflects Centric Brands’ strategy of expanding through strategic partnerships and acquisitions whether owned, licensed through Centric Ventures, building best-in-class offerings across key lifestyle categories.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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