Toms Shoes creditors to take over the company - CNBC |
- Toms Shoes creditors to take over the company - CNBC
- Used Jordan Bohannon shoes raise $25000 for Stead Family Children's Hospital - KGAN TV
- In Her Shoes: Producer Wren Arthur - The Cut
- San Manuel gift provides shoes for 1,000 kids and teens from Boys & Girls Clubs of Greater Redlands-Riverside - Redlands Daily Facts
| Toms Shoes creditors to take over the company - CNBC Posted: 30 Dec 2019 02:45 AM PST  Toms Shoes creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter. Credit ratings agencies had warned that Toms, which is known for its charitable giving, would not have been able to repay a $300 million loan due next year without renegotiating it with its creditors. The Los Angeles-based company has struggled to keep up with competitors lowering their prices, as the novelty of its "One for One" model of donating a pair of shoes for each one sold wears off among consumers. The group of creditors, led by Jefferies Financial Group, Nexus Capital Management and Brookfield Asset Management, will take over ownership of Toms from its founder Blake Mycoskie and private equity firm Bain Capital, according to the letter. In exchange, the creditors will provide debt relief to the company, according to the sources, who requested anonymity to discuss confidential arrangements. Bain had acquired a 50% stake in Toms five years ago, valuing the company at $625 million, including debt. Mycoskie owned the remainder. It is not yet clear whether Mycoskie will continue to have a role with the company given that he will no longer be an owner. The new owners have agreed to invest $35 million in Toms to show their commitment and support its future growth, according to the letter. "Combined with an enhanced capital structure, this funding will enable Toms to further invest in our promising growth areas and continue our commitment to giving, which have been initiated and supported by Bain Capital and Blake over the past five years," Toms CEO Jim Alling wrote in the letter to employees. Toms was founded in 2006 by Mycoskie, a former contestant on U.S. reality TV show "The Amazing Race," after he visited a village in Argentina where children lacked shoes. Since then it has gifted close to 100 million pairs of shoes to children, according to a statement the company issued last month. Toms has expanded its gifting model beyond its casual footwear, known as alpargatas, to other retail categories. Toms Roasting Co, for example, donates a week's worth of clean water to a person in need for every bag of coffee purchased, while Toms Eyewear donates prescription glasses and medical treatment with each purchase of eyewear. While the company continues to donate shoes, its charitable model has evolved. It now says it commits a third of its net profits towards a giving fund that finances a wide range of philanthropic and social causes. Under Bain, Toms streamlined its supply chain and brought in Alling, a former chief operating officer of T-Mobile US, as CEO.  |
| Used Jordan Bohannon shoes raise $25000 for Stead Family Children's Hospital - KGAN TV Posted: 30 Dec 2019 05:36 PM PST [unable to retrieve full-text content]Used Jordan Bohannon shoes raise $25000 for Stead Family Children's Hospital KGAN TV  |
| In Her Shoes: Producer Wren Arthur - The Cut Posted: 31 Dec 2019 07:26 AM PST  Photo: Gabriela Herman As producer Wren Arthur puts it, her job allows her to "plot and scheme with like-minded people every day." She's known for her work on Prairie Home Companion, and the production firm she co-founded and now runs with Steve Buscemi, Olive Productions. Before starting the firm, she worked with director Robert Altman (who made M.A.S.H and Popeye). Recently, Olive Productions closed a deal with TBS and TNT to bring various, yet-unannounced series to the networks. She splits her time between New York and Los Angeles, and as a result, she has a set idea of what to wear on planes. Her signature style, though, is inspired by French New Wave actress Jean Seberg in Breathless or punk icon Debbie Harry — biker jackets, striped shirts, and tuxedo jackets for fancy events. But being a true bicoastal woman, she always has a crystal in her pocket and Yogi Tea in her carry-on. We spoke with her about her go-to shoes, creative people, and leather pants. Photo: Gabriela Herman On her everyday outfit: My day-to-day ranges from Puma classic black suede Clydes, to Gucci's Marmont boot or shoe, or motorcycle boots. My wardrobe does not differ, really, when I travel — it just depends on the weather in New York or L.A., and then on set or location. I mostly just dress for the day, and when going out after work, I usually just add makeup or bring a jacket or fancier shoe. I like to feel tough and sexy at once, with a motorcycle jacket or a leopard velvet blazer. My signatures are a French fisherman striped boatneck, a black cashmere turtleneck, or an R13 band tee. And for shoes, I'll usually wear a platform boot or shoe. Shop Striped TeesASOS Design Curve Long Sleeve T-Shirt in Stripe Amour Vert Francoise Stretch Jersey Top  Kule The Modern Tee On dressing up: My usual outfit for an important meeting depends on my mood. Leather jeans or a black cigarette pant, a striped tee, a tuxedo blazer by Alexander McQueen with crazy shoulder pads. Sometimes I'll wear dresses. I like something feminine from Khaite, Zara, HVN, or Ulla Johnson. I add edge with a motorcycle jacket and knee-high Prada biker boots, or any of the other shoes mentioned except the sneakers. I can't do the sneaker-dress thing unless I am at a beach. On the best parts of her job: I get to be passionate and curious for a job. I get to meet and work with such wickedly talented artists of all kinds, all with incredible imagination and passion. I get to be provocative every day … to plot and scheme with like-minded people. The people I meet with and talk with are writers, directors, actors, producers, playwrights, journalists, novelists of all ages and shapes and sizes. It is fantastic fun on a good day. On traveling for work: I pack and carry crystals because they're calming and make me feel good. I also bring a room spray and my own tea by Yogi. I always fly with a scarf that I spray with my perfume because I may need to hide away from smells. On a plane, I dress in black jeans, a comfy tee or sweater. I like a flat mule but will also do a short boot, or Pumas. When I am traveling, I am usually running from meeting to meeting, and since L.A. is huge, a day of meetings can take me from Downtown L.A. to Venice to Burbank to Beverly Hills and back to Santa Monica. I can have up to four to five meetings in day with working drinks or dinners, so I'm in and out of Lyfts endlessly. I stop at each place and hit the bathroom prior to the meeting (I am chronically on time), and I refresh my face and give myself a minute to regroup. Back in NYC it's not nearly as hectic. I don't have to cram in meetings, I can take my time, and I usually land at Soho House and have folks come meet me there. Basically, I get to talk and/or read all day. Shop Biker Jackets BB Dakota Just Ride Vegan Leather Jacket  Eloquii Moto Jacket  VEDA Jayne Classic Leather Jacket On her signature style: I dress for myself to make me feel good, strong, confident, pretty, and chic with a little edge. I usually have on one item that stands out. I hope that the way I move through the universe — on a good day that's with grace, humor, and an open mind — radiates out and is felt by the people I encounter.  Rupert Sanderson Duncan Lace-Up Leather Knee-High Boots If you buy something through our links, New York may earn an affiliate commission.  |
| Posted: 30 Dec 2019 04:05 PM PST  A thousand children and teenagers from the Boys & Girls Clubs of Greater Redlands-Riverside got a new pair of shoes for the holidays, thanks to San Manuel Band of Mission Indians' Soles for the Holidays initiative. San Manuel's Business Committee gave the club $100,000 to buy shoes, according to a press release. More than 80 percent of the children and teenagers who attend the club are from low-income households, and one of their consistent needs is for shoes, according to the press release. With the financial backing of San Manuel, the club worked with Nike stores in Redlands and Ontario to bring youth and volunteers together for a shopping spree in mid-December. "There are a lot of needy families out there and we're blessed to have the opportunity to help," Audrey Martinez, a member of the San Manuel Business Committee, said in the press release. Martinez took four sisters shopping at the Redlands Nike store. Volunteers from Nike, San Manuel and Wells Fargo helped each child and teenager try on and choose a pair of shoes before the stores opened to the public. "We're so grateful San Manuel generously met such a big need in the community," Mark Davis, senior vice president of the Boys & Girls Clubs of Greater Redlands-Riverside, said in the press release. The Boys & Girls Clubs of Greater Redlands-Riverside serves more than 3,000 youth daily in after-school settings in Redlands, Loma Linda, Corona, Moreno Valley, Rialto, Riverside, San Bernardino and Victorville. For information, go to www.BeGreatIE.org.  |
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