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Varsity Brands, Inc. is an American apparel company owned by the private equity firm Kohlberg Kravis Roberts.It is primarily focused on academic apparel and memorabilia, with its operations split among three major subsidiaries, including Herff Jones—a manufacturer of products such as class rings, graduation caps and gowns, and yearbooks; Varsity Spirit—which produces apparel and ...
1989: established an employee stock ownership plan (ESOP), becoming a 100% employee-owned company by 1995. [9] 2011: sold the Photography Division to Lifetouch. In 2011, Herff Jones purchased [10] Varsity Brands, owner of the cheerleading and school spirit company Varsity Spirit. In 2013, the company acquired uniform manufacturer BSN Sports.
Bain Capital Private Equity bought Varsity Brands for $2.8 billion in 2018. Varsity Brands' annual revenues exceed $1.8 billion, according to the company. It has more than 8,000 full-time employees. [5] On December 31, 2020, he stepped down as chairman of Varsity to focus on international expansion of cheerleading through the ICU, but still ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Varsity Brands Holding Co., Inc.Global Credit Research - 13 Dec 2021New York, December 13, 2021 ...
Varsity Spirit cheerleader. Varsity Spirit, LLC, also known as Varsity, is an American cheerleading company owned by Varsity Brands.Founded in 1974 as the Universal Cheerleaders Association, the company is a manufacturer of apparel for cheerleading and dance teams, organizer of cheerleading competitions, and operator of training camps and sanctioning bodies.
The Liebe Company founded Star Athletica as a subsidiary in January 2010. Varsity Brands had cancelled an agreement with The Liebe Company's sports-lettering subsidiary, and Varsity accused The Liebe company of founding Star Athletica to retaliate by leveraging former Varsity employees' knowledge of Varsity designs.
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In AARP’s Work and Jobs Data Series, nearly one in six adults aged 50-plus (14%) reported they were not hired for a job they applied for within the past two years because of their age. Among ...