sports leagues in the United States. Almost any sports specialty, mass merch or sporting goods store. nationally on twenty campuses and in Manhattan; visit the national NEW YORK, NEW YORK May 27, 2014 Outerstuff, Ltd., (Outerstuff or the Company) the leading designer, manufacturer and marketer of licensed childrens sports apparel for all of the major sports leagues in North America, today announced that it has closed an investment from private equity funds affiliated with Blackstone (NYSE: BX) (Blackstone). "What's important to keep in mind is that they need to be vigilant on this. When Lillian died in 2002, her estate (including cash and properties worth $374 million) was divided nearly equally among her children, according to court documents obtained by FORBES. Sam Munaco, a longtime Detroit commercial real estate broker focused on tenant representation, said the lease is a fair deal between the bank and GPC Adams. Through his interface with commissioners, franchise owners That would allow Outerstuff the rights to make and sell sports apparel through these mass merchandise and big box stores. Its U.S Olympic Committee rights now include adult apparel, which is sold in retailers including Gap and Old Navy, which rarely sells sports licensed apparel. Headquartered in New York, New York, Outerstuff was founded in 1983 by Sol Werdiger, who continues to be CEO today, and has built a market-leading position by delivering high quality products and . Outerstuff CEO and key executive team | Craft.co Founder/CEO Sol Werdiger and executive vice president Stephen Werdiger operate Outerstuff from the Garment District. Its a blip on the whole picture of who my father was and the things he accomplished. It was her last public interview, and she and the rest of her siblings declined to be interviewed for this story. GPC Adams is an affiliate of Sterling Group, the Detroit-based real estate company that Gary Torgow started in the 1980s. Staying current is easy with Crains news delivered straight to your inbox. Jew, focused very much on the themes of integrity and Jewish Congress Susan Wild Congresswoman from Pennsylvania. Blackstone will support Outerstuff in the next phase of its growth as it expands its presence in the sports apparel industry, both domestically and internationally. After being separated, Lillian filed for divorce in 1983. Solomon E Werdiger - Brooklyn, NY - Reputation & Contact Details . Found 13 colleagues at Outerstuff Ltd. It is now owned and run by his children, Torgow told Crain's. Chairman Gary Torgow's five adult children Elie Torgow, Yoni Torgow, Rachel Torgow Krakauer, Moshe Torgow and Jacob Torgow are the other 50 percent owners of GPC Adams through an entity they own called Park Elizabeth Associates LLC, which is a member of GPC Adams, according to filings with the U.S. Securities and Exchange Commission. NFL invests in licensed apparel firm - Sports Business Journal But each is a Jew You Should Know. Werdiger thinks it could be a $30 million wholesale business in its initial year and says hell do whatever we can to get that brand on the field again.. The highest reported salary for an employee at Outerstuff Ltd. is currently $NaN / year, Outerstuff Ltd. provides a few pension benefits and perks. Sullivan & Cromwell served as legal advisor to Outerstuff during the transaction. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazines awards, such as Forty Under 40, Game Changers and others. A rendering of the planned headquarters in downtown Detroit, produced before Chemical Bank's merger with TCF Bank was announced. Meaningful People: Sol Werdiger on Apple Podcasts He also said other properties were considered but none met all of the bank's requirements for its move from Midland to Detroit. "As an operator, Elie faces all challenges head-on and takes his fiduciary responsibility very seriously," said Outerstuff LLC CEO Sol Werdiger, who has invested with Rieder. Outerstuff's Debt Ratings Upgraded | SGB Media Online Today, licensed jackets are just 5 percent of Outerstuffs business, while youth apparel is more than 25 percent the size of the adult market. Middle-born sisters Diane and Amy are also still active senior advisors. Its advocacy includes education and social services, and has been active in securing public funding for religious schools, according to a 2017 Washington Post story. Working At Outerstuff: Employee Reviews and Culture Sol Werdiger of New York City was identified as being a 50 percent owner of an entity called GPC Adams LLC that stands to earn hundreds of millions of dollars in revenue in the long term under a lease agreement for the 20-story building planned for the corner of Woodward Avenue and Elizabeth Street. Under normal circumstances, Sol Werdiger, founder and CEO of Outerstuff the popular youth sports apparel manufacturer is a gregarious presence on Super Bowl weekends. Under terms of the lease, GPC Adams is to collect $35 per square foot for the building's 199,370 square feet of office space, $50 for each of the 3,801 square feet of retail and $300 for each of the 311 parking spots, making a 2022 first-year rent collection of about $8.29 million if the entire building is leased. All rights reserved.The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. By submitting this request, you consent to receive email from Blackstone. "At Outerstuff, our vision is to become the preeminent global provider of apparel serving our sports league and brand partners," said Sol Werdiger, Outerstuff founder and chief executive officer. Active 2005 1 Chief Executive Officer Excel Known Addresses for Sol Werdiger. Gurney-Goldman, who is now working at Solil and will one day take over his father's position. Sol Werdiger - Chief Executive Officer for Outerstuff International Ltd. Sol (Shloime) Weridger runs one of the most interesting Want to support this podcast? Barnett is partnered with Solil to build a 52-story, 710,000 square foot residential building in Hell's Kitchen. "When we came together and became full-time here, we had a really good team and my kids over there. Once New Yorks biggest landlord, Sol Goldmans legacy lives on. He has formed life-long relationships with some of the world's biggest Rebbas and Gidolim. "I don't think this is the last deal of this kind we'll do. Outerstuff got its first league license in 1986 for MLB jackets, and then began to transform from an outerwear manufacturer to one exploiting the youth market. Outerstuff | LinkedIn They have complete ownership of it. We have 600,000 SKUs in our NFL business alone, said Werdiger, with a tone of disbelief at the statement. Matthew Kassel. They've already added a millennial perspective, and have started work on Solil's first website. Blackstone was advised by Wells Fargo Securities and Simpson Thacher & Bartlett LLP. General Motors plans $200M EV parts plant at Palace of Auburn Hills site, Greektown hotel renovations near the finish line, Ishbia and other UWM execs made less in 2022 than 2021, Detroit city airport on shortlist for flying taxi maker's new plant, Restaurant Roundup: Detroit Hudson Caf to reopen in May; new concept from Vicari and more, Crash test pioneer Robert Denton and wife die in plane crash, Harley-Davidson: Not enough people to repossess all the motorcycles. To view recent press releases,click here. To view recent press releases, click here. Sol Werdiger's Super Bowl LVI game plan - jewishinsider.com We currently don't have any reviews for this employer. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group. Outerstuff collaborates closely with its league and corporate partners and is viewed as a trusted partner in their apparel business. Shafer said he, not Torgow, was responsible for selecting the site where the new headquarters will be built. Diane, 70, headed the residential leasing department for several decades, when she scaled back also due to health issues several years ago. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Some are already famous, some not yet so. In the past five years, Solils deal-making has increased, and it has inked some of its more prominent land lease projects, in which the ground beneath a building is leased rather than sold to the structures developer. He has attended every championship game of the National Football League for more than two decades, always using the occasion to connect with local Jewish community members. Whether he's attending the latest super bowl, facilitating the siyum hashas in MetLife stadium, or dealing with his staff - he is always focused on making a kiddush Hashem. Sorry, something went wrong with the copy but here is the link for you. interesting and inspiring Jewish men and women making a difference A special thank you to Jacob Rupp of the Lift Your Legacy podcast E-mail us at JewsYouShouldKnow@gmail.com. 1412 Broadway New York, NY 10018 1370 Broadway New . Outerstuff has already signed two soccer pros to back Umbros relaunch: Mix Diskerud of the MLS NYCFC and the NWSL Washington Spirits Cheyna Williams. Photo Courtesy of the Goldman Family. We are excited to partner with Sol and his outstanding management team and we look forward to supporting Outerstuffs continued growth and expansion.. Solpuga, also called a venomer, is a creature that spits highly caustic lye. Learn from Jewish. The vagaries of fusion technology or keeping up with Moore's Law? Use our tool to get a personalized report on your market worth. Outerstuff LLC Company Profile | New York, NY - Dun & Bradstreet (Annual sales and employees) Corporate governance and real estate experts say the company appears to have followed rules for disclosure and vetting such transactions and the lease seems to be a fair deal. Werdiger, an Orthodox Jew and CEO of Outerstuff, received a phone call from Mr. Oh Joon, asking to meet him for lunch at a kosher restaurant in Manhattan. Crain's Senior Editor Chad Livengood contributed to this report. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. Sol Werdiger, founder and CEO of youth licensed sports apparel manufacturer Outerstuff, has a sheaf of data he'll throw at any Silicon Valley executives who think their business is complex. In June, it wouldn't specifically say why tax incentives were sought but noted that many of Detroit's largest development projects have public financing. An athletic footwear brand, likely Nike or Under Armour, is expected to buy VFs remaining upstairs retail rights. OUTERSTUFF Revenue, Growth & Competitor Profile - IncFact.com https://www.sportsbusinessjournal.com/Journal/Issues/2016/07/11/Marketing-and-Sponsorship/Company-Watch-Outerstuff.aspx. in clinical psychology. It is owned by GPC Adams LLC; city land records say the two properties that comprise the site 2047 Woodward Ave. and 25 W. Elizabeth St. were last sold in 2013 for $4.25 million. Theres also Solils partnership with British Firmdale Hotels, which built Sohos high-end Crosby Street Hotel on Solil-owned land and afterwards, leased another 120,000-square-foot site to build a hotel on some of Solils land on West 56th Street. Sol Goldman, with his youngest daughter, Jane, in an undated photo taken before Sol passed away in [+] 1987. You may opt-out by. Outerstuff will sell Umbro-logoed mens, womens and youth apparel beginning in January. Switchboard:+1 (212) 583-5000. Patreon.com/JewsYouShouldKnow. The company also produces items for the U.S. Olympic Committee and more than 200 colleges and universities, and Adidas youth apparel. Mission: SuccessElie Rieder, Castle Lanterra Properties The Story of Sol Werdiger - Chairman of Agudath Israel of - YouTube Maestas talks with SBJs Abe Madkour about the early days of Navigate, which he said he founded with too little knowledge, though good fortune as far as timing made up for my mistakes. Maestas traces his career path and personal development, and highlights the attributes and practices that he believes help make a successful business person and human being.
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