Cold Weather Gear Gets a New Boss

Centric Brands just made a big move in the world of cold-weather accessories. They bought Fownes Brothers & Co. , a company that's been around since 1777. That's right, this isn't some new startup. Fownes Brothers has been making high-quality leather gloves and other cold-weather gear for over two centuries. With this buyout, Centric Brands now has the rights to some big names like Ugg, Timberland, and Cole Haan. They also get to work with The North Face and lululemon on private label stuff. This means they'll be making and selling a lot more gloves, hats, and scarves under these popular brands. Andrew Gluckman, who used to run Fownes Brothers, is now joining Centric Brands. He'll be in charge of the cold-weather division. This is a big deal because he knows a lot about this market. His family has been in the business for generations.Centric Brands is happy about this deal. They say it will help them grow and make more money. They also think it will help them make better products and sell them in more places. Fownes Brothers is also happy. They say this is a new chapter for them. They're proud of what they've built and think Centric Brands is a good fit. This isn't the first time Centric Brands has done something like this. They've been buying other companies and making deals to grow their business. They have a lot of different brands under their name, from clothes to beauty products. Centric Brands is a big company. They sell stuff all over the world. They have offices in many countries and work with lots of different retailers. They also do good things for the community. They volunteer and donate to make the world a better place. Fownes Brothers was a family business. It was started in England and moved to the US. They were known for their good quality and long-lasting partnerships with other big brands.