CIT Group, a company that provides financialing to small and middle market companies, has provided a senior structured credit facility to Sean John parent Christian Casey LLC, which the company will use to expand it's domestic and international licenses.
"Our expertise in the apparel and retail market allowed us to structure a credit facility that provides Sean John with liquidity through an asset-based lending facility against its trademarks and other intangible assets," ion said John Daly, President of CIT Trade Finance in a press release. "We have worked closely with the Sean John team over the past seven years and we look forward to further building this relationship in the future."
Jeffrey Tweedy, Executive Vice President of Sean John, said, "Our relationship with CIT has allowed us to build the Sean John business into one of the most dominant sportswear brands in America. CIT's continued support will allow us to grow our business both domestically and internationally while it simultaneously provides us with flexibility to react to opportunities in the marketplace."
The last few months have been a little crazy
and, as such, we have been focusing on high level stories - or stories that happened to cross my desk - here at Bad Boy Blog. At the same time, being a comprehensive source, I at least wanted to summarize some of the stories that fell through the cracks during this time. Check out some of them below.
Sean John T-Shirt Design Allegedly Lifted from Yale Poster
In October, Yale Daily News
both reported on allegations that a Sean John t-shirt featured a design that was taken from a poster that had been used for a symposium at the Yale School of Architecture in 2007.
There does not appear to have been an update to the story. So, a private settlement could have been made or, perhaps, they decided no legal action was necessary. At the time the story was fresh, Michael Bierut, who commissioned the design in question, said that it was unlikely that any such action would be taken.
The Sean John blog
has some photos from the label's new holiday 2010 collection, available at Macy's
and Sean John's
The Sean John blog has photos
of the line's "Ready to Work" collection for holiday 2010. It is "a new range of career focused merchandise that includes blazers, dress pants, long sleeve wovens, sweaters, and vests." You'll find it in both original and tailored fits at Macy's.
Over on the Sean John blog, you can check out some highlights
from the "Team Noir" lineup of the fall 2010 collection. You can pick it up at Macy's
and on Sean John's online store
Earlier this month, I reported that Sean John would be designing the jackets for the 2010 Basketball Hall of Fame class
, for the third consecutive year.
The ceremony was August 13 and over on the Sean John blog
, you can see photos of the inductees in their jackets, including Larry Bird, Magic Johnson, Jerry West, David Robinson and more.
For the third consecutive year
, Sean John will be designing the jackets given to the 2010 class of the Basketball Hall of Fame on August 13 in Springfield, MA.
According to the Sean John blog
, for the first time ever, the jackets will be featured as part of a permanent exhibition at the museum.
The 2010 class
includes the 1960 U.S. Men's Olympic team and the 1992 U.S. Men's Olympic team (known as the "Dream Team") as well as Dr. Jerry Buss, Cynthia Cooper, Bob Hurley, Sr., Karl Malone and Scottie Pippen and the posthumous inductions of Dennis Johnson, Gus Johnson and Maciel "Ubiratan" Pereira.
"We are so thrilled to be a part of this third installment with our involvement in the NBA," Diddy said, via press release. "This year the inductees are some of my favorite players and they are sure to go down in history. These are athletes that changed the sport forever. To be a part of two separate Dream Teams receiving homage for what theyíve offered the sport is just incredible. I idolized the 1960 Dream Team growing up and watched the 1992 Dream Team as a young adult and itís an honor just to be in the same room let alone design them a collection of blazers."
Back in February, I shared a behind the scenes clip from the shoot
of a new Sean John billboard for Times Square. That billboard has now been launched and the Sean John blog has photos
James Covert of the New York Post reports
that Sean John has "struck a deal to outsource the contracting of overseas manufacturers for its merchandise." The deal will apparently lead to as many as 10 of Sean John's 100 or greater full-time New York staff heading over to LF USA
, which is a unit of trading company Li & Fung Group
The post story also quotes a Sean John spokesperson, who made clear that design, promotion and production were not being outsourced and that the outsourcing deal with allow the clothing and lifestyle brand to cater more to its strengths under CEO Dawn Robertson, who will have been with the company two years on August 1
Via Carter Maness
The Sean John blog has details and photos
from the Sean John Pre-Draft Fine Tailoring Experience event that was held last Tuesday and Wednesday for some of the former college players that would be selected in the NBA Draft
They included second overall pick Evan Turner, fourth overall pick Wesley Johnson, fifth overall pick DeMarcus Cousins, seventh overall pick Greg Monroe and thirteenth overall pick Ed Davis.