SOS BUYS BUM: SOS Management has completed the purchase of worldwide rights of BUM Equipment trademarks, confirming a report in WWD on Wednesday. For a purchase price of $25 million, the company, headed by chairman Stephen Wayne and vice chairman Steve Marra, has purchased the BUM Equipment and all other related trademarks in connection with the company formerly known as BUM International Inc. The new company’s name will be BUM Equipment LLC and will be based in Mendham, N.J. The showroom will continue to be based in Hilton Head, S.C.

MINING MALO: Italy’s IT Holding announced Wednesday that Stefano Ferro has been appointed Malo’s chief executive officer. The 50-year-old Italian will oversee operations for the IT Holding-controlled, luxury cashmere brand and spearhead strategies for collection diversification, including accessories, and overall production and distribution of the label. Ferro worked previously at GFT women’s division, Bally and Genny.

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