After changing hands earlier this year, Fila has a new management team.
Fila Korea Ltd. and its holding company, Global Leading Brands House, have promoted key players in the acquisition to the executive management team of the Italian active apparel company.
Yoon-Soo "Gene" Yoon, chairman and chief executive officer of Fila Korea, will become chairman of GLBH and Fila.
Yoon has been associated with the brand since 1984, when he became its first footwear sourcing agent in South Korea. In 1991, he launched Fila Korea as a subsidiary, which in 2003 was sold to Sport Brands International Ltd. when SBI bought all of Fila's global operating businesses. In 2005, Yoon purchased a long-term license for Fila in South Korea from SBI, and earlier this year, led the acquisition of Fila's brand and trademarks.
Former Fila ceo Jon Epstein, also played a pivotal role in the sale.
In his new capacity, Epstein will be president of Fila USA Inc. and will oversee global product development, sales and marketing for the brand.
Y.C. Cho, most recently president of Fila Korea, will become president of GLBH and Fila. Cho will relocate from Seoul to Sparks, Md., where the company's U.S. operations are based.
Less than four years after buying Fila, SBI, a company within private equity firm Cerberus Capital Management, sold Fila Luxembourg — which holds the rights to the worldwide use of the Fila brands and trademarks — to Fila Korea, which bought the company by acquiring all capital stock of Fila Luxembourg for an estimated $350 million.
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