Varsity Brands, LLC provides cheer-leading and dance team products and services. The Company serves … Memphis, Tennessee-based Varsity Brands, a sports equipment company, has named John Hutchinson as executive vice president and chief financial officer. MEMPHIS, Tenn., Jan. 25, 2021 /PRNewswire/ -- Varsity Brands, the market leader in sport, spirit and achievement, is kicking off the new year with a … 5:37 PM on Jun 22, 2020 CDT. Even through the difficulties of COVID, our commitment to drive awareness for St. Jude never wavered. Varsity Brands on Thursday announced the appointment of John Hutchinson as executive vice president and CFO, effective immediately. Varsity Brands | 3,050 followers on LinkedIn. "We chose St. Jude as our National Philanthropic Partner because our mission and values completely align – we both inspire hope, we both create memorable experiences for young people and together we can achieve greatness," said Adam Blumenfeld, CEO of Varsity Brands. Varsity Brands LLC is a United States-based provider of products and programs celebrating academic and athletic achievement. Varsity Brands, LLC Plan Rating. Bain Capital Private Equity has agreed to buy Varsity Brands. There are 218 companies in the Varsity Brands Holding Co., Inc. corporate family. Varsity Brands is a portfolio of three brands – BSN Sports, Herff Jones and Varsity Spirit – whose products and programs celebrate academic and athletic achievement. Thanks to partners like Varsity Brands, St. Jude is able to freely share the discoveries it makes, and every child saved at St. Jude means doctors and scientists worldwide can use that knowledge to save thousands more children. VARSITY BRANDS INC Quarterly Report (10-Q) FINANCIAL STATEMENTS. View Kiera Gann, MBA’S profile on LinkedIn, the world’s largest professional community. Kiera has 7 jobs listed on their profile. Hutchinson will report to Varsity Brands CEO, Adam Blumenfeld, and will serve as a member of the company’s executive leadership team). Standard & Poors lowered the debt ratings of Varsity Brands Co. Inc., the parent of Varsity Spirit, Herff Jones and BSN Sports, as the COVID-19 pandemic is leading to a growing number of school closures and event cancellations. Standard & Poors lowered the debt ratings of Varsity Brands Co. Inc., the parent of Varsity Spirit, Herff Jones and BSN Sports, as the COVID-19 pandemic is leading to a growing number of school closures and event cancellations. Resources. - Varsity Brands CEO Adam Blumenfeld. FORM 5500 DATA. jmorgan@perryst.com Varsity Brands, a North Texas-based company specializing in cheerleading and other sports apparel, has raised about $185 million in new capital to power it through the pandemic as … Saving children.® Adam Blumenfeld stated, “Varsity Brands’ financial leadership must excel across two fronts:  ensuring the resources are in place and accessible to deliver on our important corporate mission while unlocking value and delivering profitable sales growth. Saving children.® Summary Financials People Technology Signals & News. Please reduce your list by using the filtering tool to the left. FARMERS BRANCH, Texas, Feb. 12, 2020 /PRNewswire/ -- Varsity Brands, the market leader in sport, spirit and achievement, today announced that its signature school pride event, the Varsity Brands School Spirit Awards, has named finalists for its 2020 School Spirit Awards. Connect to CRM . Varsity Brands, LLC provides cheer-leading and dance team products and services. Join the St. Jude mission by visiting stjude.org, liking St. Jude on Facebook, following St. Jude on Twitter, Instagram and TikTok, and subscribing to its YouTube channel. Varsity Spirit, LLC, also known as Varsity, is an American cheerleading company owned by Varsity Brands.Founded in 1974 as the Universal Cheerleaders Association, the company is a manufacturer of apparel for cheerleading and dance teams, organizer of cheerleading competitions, and operator of training camps and sanctioning bodies.. Jeff Webb, Varsity Brands’ Chairman and Chief Executive Officer, stated, “The entire Varsity Brands team is united as never before to ensure we inspire and champion greater self-confidence and camaraderie for students across the country. Saving children.® It is the only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children. We worked closely with our dedicated ALSAC team to develop programs and activities to stay engaged with our employees, customers, friends and family.". "Varsity Brands joined us as a partner supporting St. Jude Children's Research Hospital 10 years ago, starting with letter-writing programs at summer camps all the way to providing graduation caps and gowns for our patients in The St. Jude School Program by Chili's," said Shadyac. With a committed and experienced financial partner like Charlesbank at our side, our ability to deliver on this promise is sure to be enhanced. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement. "With our mission of elevating student experiences, it felt natural to help celebrate patient milestones and educate students to become ambassadors of the hospital. Even during the COVID-19 disruption, employees of Varsity Brands have continued their support for St. Jude, raising close to $1 million this fiscal year by engaging customers in fundraising programs, participating in the St. Jude Walk/Run and the St. Jude Memphis Marathon® Weekend, and holding a record-breaking payroll giving campaign. «We chose St. Jude as our National Philanthropic Partner because our mission and values completely align – we both inspire hope, we both create memorable experiences for young people and together we can achieve greatness,» said Adam Blumenfeld Monga, J.R., Financial Accounting: Concepts and Applications, Mayoor Paper Backs, New Delhi. Varsity Brands' annual revenues exceed $1.35 billion, according to the company. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement. 9, 2020, 12:23 PM Varsity Spirit is a unit of Varsity Brands, owned by Bain Capital, the Boston-based private investment firm co-founded by Mitt Romney, Utah senator and former presidential candidate and Massachusetts governor. Varsity Brands Holding Co., Inc. -- Moody's announces completion of a periodic review of ratings of Varsity Brands Holding Co., Inc. Moodys Mar. Financial Accounting Books. By Natalie Walters. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. Information on valuation, funding, acquisitions, investors, and executives for Varsity Brands. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Varsity Brands Holding Co., Inc. around the world, including contacts, financials, and competitor information. Hutchinson will report to Varsity Brands CEO, Adam Blumenfeld, and will serve as a member of the company’s executive leadership team). His successful ability to harmonize business units at ALG around shared corporate priorities aligns with our own structure, and he has introduced world-class financial accounting and reporting systems – all while demonstrating a keen attentiveness to analytics and informed pursuit of the right commercial priorities. Charlesbank Capital Partners and Partners Group are the sellers. Its purpose is clear: Finding cures. Memphis, Tennessee-based Varsity Brands, a sports equipment company, has named John Hutchinson as executive vice president and chief financial … 250 were here. Varsity Brands became an official partner of St. Jude in 2011 when Memphis-based Varsity Spirit launched the "Team Up for St. Jude Spirited by Varsity" program. PrivCo is the source for business and financial research on major privately-held companies, including private market M&A, venture capital, and private equity deals. Hutchinson joins Varsity Brands from Apple Leisure Group (“ALG”), a leading North American travel, hospitality and leisure management group, where he served most recently as President with responsibility for ALG’s resort management, vacation club, and tour operator businesses. Varsity Brands is the leader in elevating student experiences in sport, spirit, and achievement through BSN SPORTS, Varsity Spirit, and Herff Jones. Varsity Spirit expands band division with pair of acquisitions . Sheila Noone Hutchinson holds a B.S. Varsity Brands rallies its 9,000 employees throughout the year by sharing the St. Jude mission with young people and inspiring them to give back. When typing in this field, a list of search results will appear and be automatically updated as you type. Log In. Financial terms of the deal were not disclosed. View Kiera Gann, MBA’S profile on LinkedIn, the world’s largest professional community. Varsity Brands on Thursday announced the appointment of John Hutchinson as executive vice president and CFO, effective immediately. Moody's Investors Service said it reduced its debt rating outlook on Varsity Brands, the parent of Varsity Spirit, Herff Jones and BSN Sports, to negative from stable. Varsity Brands, LLC provides cheer-leading and dance team products and services. John’s experience, proven leadership and skill set represents an ideal fit in this regard. Organization. Memphis, TN. Hutchinson will report to Varsity Brands’ CEO, Adam Blumenfeld, and will serve as a member of the Company’s Executive Leadership Team (“ELT”). The following is an excerpt from a 10-Q SEC Filing, filed by VARSITY BRANDS INC on 5/15/2003. In 2017, the company announced that St. Jude Children's Research Hospital would be its National Philanthropic Partner, and in 2019, Varsity Brands received the Spirit of ALSAC Award, given each year to a person or partner that best exemplifies St. Jude founder Danny Thomas' dedication to helping sick children around the world. Plan Information. About Varsity BrandsWith a mission to inspire achievement and create memorable experiences for young people, Varsity Brands elevates the student experience, promotes participation and celebrates achievement through three unique but interrelated businesses: BSN SPORTS; Varsity Spirit; and Herff Jones. Kiera has 7 jobs listed on their profile. Varsity Brands became an official partner of St. Jude in 2011 when Memphis-based Varsity Spirit launched the "Team Up for St. Jude Spirited by Varsity" program. Memphis, Tennessee, United States; 5001-10000; Private; www.varsitybrands.com ; 202,020; Highlights. VARSITY BRANDS INC Quarterly Report (10-Q) FINANCIAL STATEMENTS. Funding. SOURCE ALSAC/St. Save. Pricing. Recent News & Activity. The Company serves schools, sports teams and other organizations. Acquired by . Funding. Varsity Brands' good liquidity reflects its cash balance of $60 million and access to a largely undrawn $180 million revolving facility as of March 28, 2020 pro forma for the notes offering, and lack of near term maturities until its revolver its due, other than first lien term loan amortization. The maximum number of items you can export is 3,000. Search Crunchbase. Below is the list of financial accounting book as recommended by the top university in India.. Lal, Jawahar and Seema Srivastava, Financial Accounting, Himalaya Publishing House. Number of Acquisitions 1. Adam Blumenfeld stated, “Varsity Brands’ financial leadership must excel across two fronts: ensuring the resources are in place and accessible to deliver on our important corporate mission while unlocking value and delivering profitable sales growth. Email Icon. Varsity Brands, Inc. | PrivCo Varsity Brands ... 2009. Financial terms weren’t announced. He assumes broad responsibility for Varsity Brands’ financial priorities, reporting, strategy and operations and will work closely with both the ELT and financial leadership at the Company’s three divisions: Varsity Spirit, Herff Jones and BSN SPORTS. Varsity Brands’s Debt Ratings Lowered. John’s experience, proven leadership and skill set represents an ideal fit in this regard. Varsity Brands, the market leader in sport, spirit and achievement, is kicking off the new year with a momentous 10-year anniversary announcement of an inspiring $10 million raised for St. Jude Children’s Research Hospital ® in its decade of supporting the St. Jude mission: Finding cures. Families never receive a bill from St. Jude for treatment, travel, housing or food – because all a family should worry about is helping their child live. Products. Varsity Brands. DALLAS, TX, January 9, 2020 – Varsity Brands, the market leader in team sports, school spirit and achievement recognition, today announced that John Hutchinson has joined the Company as Executive Vice President and Chief Financial Officer, effective immediately. Through its 9,000 dedicated employees and independent representatives, Varsity Brands reaches its individual and institutional customers each year via e-commerce sites, catalogs, telesales, and direct sales channels. Save. Varsity Brands, a dynamic portfolio of brands that promote student participation while celebrating academic and athletic achievement, today announced that it has completed its previously announced acquisition by an investment group led by Charlesbank Capital Partners, a leading private equity firm. About. Jonathan Morgan With the largest “K through College” sales force in the United States, Varsity’s more than 1,200 sales professionals are dedicated to serving schools, sports teams and other organizations. Prior to his tenure at ALG, Hutchinson served with American Airlines for 24 years, progressing through several finance and planning roles including Senior-Vice President of Planning and Chief Financial Officer of American Eagle, Managing Director of Corporate Development, and Managing Director of International Planning at American Airlines. Varsity Spirit is a unit of Varsity Brands, owned by Bain Capital, the Boston-based private investment firm co-founded by Mitt Romney, Utah senator and … "We are incredibly grateful for our compassionate friends at Varsity Brands who didn't let the pandemic diminish their spirit for St. Jude and continued to raise awareness for our lifesaving mission.". Founded in 1974, Varsity Brands elevates the student experience through its three businesses: BSN Sports, the largest team sports equipment and apparel distributor in the United States; Varsity Spirit, a leader in cheerleading uniform innovation and educational camps, clinics and competitions; and Herff Jones, a leading provider of graduation and educational products and services. 214-965-9955, Copyright 2020 Varsity Brands | All Rights Reserved |, JOHN HUTCHINSON JOINS VARSITY BRANDS AS EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER, Varsity Brands surpasses $10 million raised for St. Jude Children’s Research Hospital, An Interview with CEO Forum Radio: Adam Blumenfeld, CEO, Varsity Brands, Social and Emotional Learning A Top Priority Amid Pandemic, Local Educator Discusses Social & Emotional Learning, Varsity Brands Deepens Commitment to Social and Emotional Learning as Schools Work to Reopen for the 2020-21 School Year. Treatments invented at St. Jude have helped push the overall childhood cancer survival rate from 20 percent to more than 80 percent since the hospital opened more than 50 years ago. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. An emphasis on social distancing and restrictions on large gatherings are also disrupting the company's business, the rating agency noted. Overview Financials Service Providers Investments Insurance Information. The following is an excerpt from a 10-Q SEC Filing, filed by VARSITY BRANDS INC on 5/15/2003. 9, 2020, 12:23 PM Elevating the student experience through sport, spirit and achievement. Jude Children's Research Hospital is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases. Industries . These are the skills we need in a CFO, and I’m delighted that John has joined our impressive and growing group of leaders.”, Hutchinson added, ““I am excited about the opportunity to join Varsity Brands and look forward to working with the team to build on the impressive foundation that has been established over the years while ensuring that all aspects of the operational and financial functions are aligned in support of the Company’s truly inspiring mission and enormous potential.”. A recent virtual celebration highlighted the fundraising milestone, with Varsity Brands team members from around the country joined by Richard C. Shadyac Jr., President and CEO of ALSAC, the fundraising and awareness organization of St. Jude Children's Research Hospital, and St. Jude patient Reid to help mark the occasion. Saving children.®, "Even through COVID, our commitment to drive awareness for St. Jude never wavered." Summary Financials People Technology Signals & News. Varsity Brands also includes Herff Jones, which sells graduation and educational products and services; and BSN Sports, which distributes team sports apparel and equipment. St. Jude Children's Research Hospital®St. Varsity Brands' B3 CFR reflects its high financial leverage with debt/EBITDA projected to increase from estimated 7.8x for the twelve months period ended March 28, 2020. Advanced. St. Jude freely shares the discoveries it makes, and every child saved at St. Jude means doctors and scientists worldwide can use that knowledge to save thousands more children. 212-333-5525 Since opening its doors in 1962, St. Jude has ensured that no child is ever denied treatment based on race, religion or a family's ability to pay. St. Jude won't stop until no child dies from cancer. Bain Capital . Webb is currently Varsity Brands' chairman. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. 901-251-5959, Perry Street Communications Varsity Brands elevates the student experience- in Sport, Spirit, and Achievement. Resources. Hutchinson joined Apple Leisure Group as Chief Financial Officer in 2013. | Varsity Brands elevates the student experience in … Moody’s said, “Varsity Brands’ B3 CFR reflects its high financial leverage with debt/EBITDA projected to increase from an estimated 7.7x for the twelve months period ended December 29, 2019. Varsity Brands is a portfolio company of Bain Capital Private Equity. snoone@varsity.com 2017; 2016; 2015; 2014; 2013; 2012; 2011; 2010; 2009; 2008; 2007; 2006; Plan Rating. from 8 AM - 9 PM ET. Varsity Brands LLC is a United States-based provider of products and programs celebrating academic and athletic achievement. Posted by SGB Media | Apr 10, 2020 | SGB Updates, Sports/Fitness, Update. 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