In Brief: Maidenform IPO … Corporate Watchdog … Sadaka To Sunnex
MAIDENFORM IPO: Maidenform Brands Inc. notified the Securities and Exchange Commission that it would be filing for an initial public offering to raise $172.5 million. The Bayonne, N.J.-based intimate apparel firm did not disclose...
MAIDENFORM IPO: Maidenform Brands Inc. notified the Securities and Exchange Commission that it would be filing for an initial public offering to raise $172.5 million. The Bayonne, N.J.-based intimate apparel firm did not disclose terms of the IPO, but said in the SEC notice that Goldman Sachs, UBS Investment Bank and Credit Suisse First Boston were the lead underwriters.
CORPORATE WATCHDOG: The United Nation’s Human Rights Commission has passed a resolution urging Secretary General Kofi Annan to appoint a special representative to examine the human rights records of multinational corporations. The prime tasks would include setting standards of corporate social responsibility and clarifying nations’ roles in enforcing them. The U.S. was the one major industrial power to oppose the move.
SADAKA TO SUNNEX: Sun On-Sunnex International LLC has tapped Sandra Sadaka as president, based in the company’s New York office. Sadaka joins the parent company of Go Silk, Tank 18, Anna & Frank and Jennifer L from Muse Apparel, a division of Maggy London, where she was sales and merchandising manager. Before that, she was vice president at Kasada. She replaces Conrad Lung, who left last year to join Mudd Jeans.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"