Changes Afoot at Riddell Sports

New York–Riddell Sports, the parent company of the Varsity Spirit cheerleading uniforms catalog, announced several changes in senior management. Jeffrey Webb was named president/CEO of Riddell, replacing David Mauer, who has resigned. Webb had been chief operating officer of Riddell and president of Varsity Spirit. John Nichols, the chief financial officer of Varsity Spirit, was promoted to chief financial officer of Riddell. Nichols replaces David Groelinger, who will remain with the company as executive vice president during a transition period.

In other news, Riddell completed the sale of its Riddell Group Division, including the retail and licensing segments, to an acquisition affiliate of New York-based private-equity fund Lincolnshire Management. Lincolnshire is paying approximately $61 million in cash, plus an adjustment to cover seasonal debt incurred by the division.

Riddell will now move its headquarters to Memphis, TN, where Varsity is based. What’s more, Riddell will change its name to Varsity Brands, subject to shareholder approval.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.