The radio ads still blare out FORR-MANN-MILLS, but the Forman who started his 36-store low-priced apparel business in 1985 has sold the company and stepped aside. Richard "Rick" Forman is founder and chairman of the Pennsauken-based Forman Mills with 3,000 employees.Who is the new owner of Forman?
The new owner is Goode Partners L.L.C., a New York investment group whose investments have included Villa clothing stores (the Philly-based former Sneaker Villa), La Colombe coffee shops, and Skullcandy earphones (it sold both last year), among other brands. How much did Goode pay for Forman Mills? "I'm not going to disclose that," Forman said.What ever happened to FORR-Mann-Mills?
The radio ads still blare out FORR-MANN-MILLS, but the Forman who started his 36-store low-priced apparel business in 1985 has sold the company and stepped aside.Who is Forman Mills'new CEO Allen Weinstein?
Forman Mills' new executive chairman and interim CEO is veteran retailer Allen Weinstein, who also would not comment on the price. Weinstein is also executive chairman at Villa and a board member of the South Jersey-based Destination Maternity.