Its executives announced in July 2018 that Jump Design Group has acquired all assets of the Cathy Daniels athletic wear company. Jump Design Group, founded by Glenn Schlossberg, specializes in designing and manufacturing women’s wear and in efficient logistical planning. The company incorporates technology to ensure quality, cost-effective, and reliable operations. This technological support is the foundation of the acquisition.
Ashesh Amin, Jump Design Group’s chief executive officer, explained that although the company acquired the Cathy Daniels brand, the factory operations, sales team, and most personnel will stay in place. Cathy Daniels’ current president, Jerry Passaretti, will join Jump Design Group and continue to lead business development. The intention is to apply Jump Design Group’s high-end American production and logistics technologies to improve operations at Cathy Daniels without changing the brand.
Steve and Daniel Chestler, sons of Cathy Daniels’ founder, feel confident they have made the right decision in turning their family legacy over to Glen Schlossberg’s company. Their father started the sportswear line in 1984 from the beginnings of selling clothing from the back of a station wagon. Amin stated that over the next two to three years he expects to see customer-driven nationwide distribution via the innovative logistics platform. Visit wwd.com for full article.
Jump Design Group’s executive team points out that the company is not focused on acquiring struggling companies and turning them around. Instead, the Group looks for sound businesses that lack the finances or expertise to incorporate technology into production and delivery operations. The Group will strengthen these company’s infrastructures while maintaining brand integrity; although, Jump Design Group expects to expand the lines its acquired brands offer.
Glenn Schlossberg possesses an enthusiasm for entrepreneurial spirit. His father was a dressmaker, so Glenn Schlossberg grew up surrounded by the activities of a fashion warehouse. He later studied at the Fashion Institute of Technology in New York. Schlossberg embraces his role as leader and expresses pride in treating each member of his organization as vitally important. Additionally, Glenn devotes time mentoring through organizations that nurture young entrepreneurs, such as the Network for Teaching Entrepreneurship.