DELTA WOODSIDE CUTS: Delta Woodside Industries plans to close its spinning and weaving mill in Piedmont, S.C., the company said. About 361 people — 25 percent of the Greenville, S.C.-based company’s staff — will lose their jobs. The firm said the factory closing comes as part of a broader restructuring push that will include cost cutting at other facilities and salary cuts. “Our company continues to suffer from a high level of overcapacity in the textile industry, inconsistent demand at retail and pressure from foreign imports,” president and chief executive officer Bill Garrett said in a statement.
LACOSTE HONORED: Lacoste’s U.S. chairman Robert Siegel picked up one of Brandweek’s 2004 Marketer of the Year awards. He earned points for repositioning the brand’s signature crocodile and attracting trendsetting customers. Siegel has led the company, which was founded by the late pro tennis player René Lacoste in 1933 and started with a polo shirt, since 2002. With 25 stores in the U.S. and eight more scheduled to open next year, the brand is going after a broader base of customers. Younger shoppers have latched on to Lacoste since Christophe Lemaire was named creative director in 2001. Brandweek also honored McDonald’s, Chrysler, Apple and Hershey, among others.
MALT BUY: LVMH Moët Hennessy Louis Vuitton, the French luxury group, said on Wednesday that it would launch a bid for the shares of Glenmorangie plc, one of Scotland’s most prestigious single-malt whisky makers. LVMH said the bid would value the firm, which is on the London Stock Exchange, at 300 million pounds, or $545.5 million at current exchange. Founded in 1893, Glenmorangie distills the Glenmorangie, Ardbeg and Glen Moray malt whisky brands.
NEW NIKE VP: Nike Inc. has named Hannah Jones vice president of corporate responsibility, succeeding Maria Eitel, who was appointed president of the Nike Foundation. For the past four years Jones had been director of corporate responsibility for Nike’s Europe, Middle East and Africa region, or EMEA. She joined Nike in 1998 as director of government and community affairs in EMEA. Jones will oversee Nike’s global corporate responsibility, including labor compliance, global community affairs and business integration, and will report to Nike brand president Mark Parker.