Mark Walsh, chief executive officer of Bob’s Stores and a principal of Versa Capital, has been named ceo of Versa’s new Vestis Retail Group in a consolidation of the private equity firm’s Bob’s and Eastern Mountain Sports retail assets.
With the combination of Bob’s and EMS into a single operating entity, Will Manzer has stepped down as ceo of Bob’s and will serve as a consultant to the company during a transition. EMS, a 68-unit outdoor retailer with stores in 12 Eastern states, will close its distribution center, resulting in a loss of about 110 jobs, with warehouse and distribution functions to be centralized in Bob’s facilities in Meriden, Conn.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)