The History of TechStyle Group & Don Ressler’s Success

Business man Don Ressler is best known for his co-founding JustFab. JustFab has since changed the company’s name to TechStyle Fashion Group due to the expanding business that it has become. TechStyle remains the parent company to JustFab, FabKids, Fabletics, and ShoeDazzle. This story begins in 2010 with Don Ressler and Adam Goldenberg. The following year, Kimora Lee Simmons joined the company as the Creative Director and the President.

Matrix Partners, a venture capital firm, provided then JustFab with a $33 million investment in 2011. In 2012, there was a much larger investment coming in at $76 million from Matrix Partners and other investors on Bloomberg. Rho Ventures, Intelligent Beauty, and Technology Crossover Ventures all invested this round, as well. These investments provided enough capital to expand the company out of the United States to Germany, Canada, and the United Kingdom.

This came from the hard work of many people, but Don Ressler was a mastermind at getting what was needed to make this dream come true. Both he and Goldenberg wanted to make a huge difference in how consumers were shopping. They began providing an affordable service with high quality, fashion forward items from shoes to exercise clothing. Where beautiful items come to their front door every month bringing smiles to many faces. With their hard work and ingenuity, they were able to begin a very successful company.

Read more: New Sizes for JustFab

In 2013, they acquired FabKids. Surprisingly, this was a separate company purchased. Adam Goldenberg and Don Ressler even had a reality show documenting the behind the scenes business aspects of these companies thanks to Kimora Lee Simmons. Her influence made this company explode in a most positive way. They have expanded to other countries since then, in 2013. They purchased the Fab Shoes. They even purchased ShoeDazzle and run both companies separately.

With so many big steps, it is no wonder they are so successful. Ressler’ and company put in the hard work to make these wins happen. They received more funding a few more times and expanding product categories. Ressler, Goldenberg, and actress Kate Hudson soon founded Fabletics which provides athletic clothes. They have several brick and mortar stores, as well as their online store. They plan to open many more.

TechStyle has made a huge impact on fashion and affordability of said fashion. They can only continue going up as time goes on. With such affordable rates and great designs, it’s a huge success and it is no surprise as to why.

Reference: https://www.youtube.com/user/Fabletics

Kenneth Goodgame Rising Above Low Blows in the Market

True Value Company is an American retailer-owned hardware cooperatives which operate about 5000 independent retail shops all over the world. The hardware Company began as a combination of four hardware including Bartlett & Company, Cotter and Company, Cost to Cost Cooperation, and America Hardware and Supply (Servistar). The members of True Value Cooperation own and operate stores independently of True Value Company. True Value is known to support a number of retail stores that include Party Central, Home and Garden Showplace, Taylor Rental, Grand Rental Station, and Induserve Supply. True Value also serves other stores that do not use their stress identity.

True Value Company operates as a wholesaler as well as a merchandising company in the United States as well as globally. The company is not only a hardware but it also deals with the manufacture and distribution of paints and paints applicant. The company is dedicated to serve and distribute quality services to its customers by providing other services including store location and design services, merchandising, marketing, as well as advertising. To see their customers are also offering quality services and products the company offers inters loans to retailers for remodeling, expansion, relocating as well as opening of new stores.
To serve their customers better, the company recently announced the restructuring of its chain supply, its global distribution network as well as its logistics and the addition of three new executive members. The three executive members includes Abhinav Shukla who was hired as the Senior Vice President and the Chief Operating Officer, Tim Mills who is the Senior Vice President for growth and Kenneth Goodgame who took the position of Senior Vice President and the Chief Operating Officer after Mike Clark retired.

Kenneth Goodgame can be described as an expert in merchandising business. Kenneth has been successful in a number of enterprise regarding merchandising and he believes in completing his assignments no matter the circumstances. He is dedicated and very passionate about helping others and to be able to assist them better Ken launched a website where he engages others in talks meant to help them financially. Kenneth Goodman can be described as a marketing guru who has taken the sales of his company True Value to high heights.

Before his appointment at True Value as the Senior Vice President and the Chief Operating Officer, Goodman served at Ace Hardware Corporation as the General Merchandising Manager as from 2010-2013. He also worked for Techtronic Industries Northern America as the President of Direct Tools Factory Outlets from 2008-2010. He is a go-getter and he has served in other organizations including Home Depot and Newell Rubbermaid. Mr. Goodman is a graduate from the University of Tennessee where he graduated with Bachelors of Science in Marketing.

Steven Murray; A life of dedication to private equity and philanthropy

The immediate former President and Chief Executive Officer of a New York-headquartered private equity company CCMP Capital is fondly remembered as a dedicated worker, philanthropist and family man. Steven Murray worked at CCMP Capital for a cumulative sixteen years prior to tendering his sudden resignation in early 2015. A month later following his resignation, Murray was pronounced dead with health-related reasons cited as the cause of his death. He died at the age of fifty-two.

Murray attended Sleepy Hollow High School and later went to Boston College. In 1984, he earned a degree in economics and would later enroll at Columbia Business School and complete his Master’s in Business Administration. Murray began his illustrious working career with CCMP Capital in 1999. At the time, the company was known as Chase Capital Partners on Crunchbase. It was later renamed to JPMorgan Partners after being bought by JP Morgan. What followed was tremendous success enjoyed by JP Morgan Partners, as it became a renowned private equity company in the domestic and international scene.

In 2006, CCMP branched out independently as a result of a spin-off from the predecessor group on linkedin.com. In 2007, Murray succeeded group founder Jeff Walker as the CEO of CCMP Capital. Murray was a board member in several organizations in different segments of the economy; from insurance to hospitality and health. The corporations included Jetro JMDH Holdings, LHP Hospital Group, Crestcom International, Infogroup Inc., Octagon Credit Investors, Strongwood Insurance Holdings and Ollie’s Bargain Outlet.

Read more: Stephen Murray Obituary – Stamford, CT

Upon learning the demise of his friend and business associate, Greg Brenneman, the current CCMP chairman and CEO, was saddened by the news. Both Murray and Greg Brenneman had been the only two CCMP directors listed down in SEC filings due to their starring role in the successful fundraising initiative that raised about $3.6 billion for CCMP’s latest fund. Mr. Greg sent his heartfelt condolences to Murray’s family, noting that Murray was a good man, the pride, and delight of his family.

Murray spent a large chunk of his career working in private equity, and as a result, he developed some outstanding deal making and investment skills. He further added that CCMP and its precursors were grateful for the tremendous contributions that Steven made towards their overall success.

Apart from Steve’s dedication to his career, philanthropy was something that was really close to his heart. He made contributions to several humanitarian groups and foundations, including Make-A-Wish Foundation and Stamford Museum among others.

Learn more about Stephen Murray: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/

Stephen Murray One Of New York’s Top Buy Deal Makers

Stephen Murray passed away last February at the age of 52. He had recently left his position as CEO of CCMP Capital group just a month prior. Murray had a long career in the financial sector in New York City that was mostly focused on mergers and buyouts. He was also known as a great philanthropist. He served and worked for many different charitable organizations during his time in New York City. Despite his untimely death, Murray led a long and productive life and left a great legacy as a leader in growth investing in New York City.

Education

He was born and was raised in Westchester, NY. Westchester is a nice suburb of the New York City. He did well in school there and later left to go to college. He moved to Boston to pursue his undergraduate degree in economics which he received in 1984. He then made the move back to New York City where he got his Master’s in Business Administration from Columbia University. He also started his fledgling financial career during this period.

Read more: Ex-CCMP Capital CEO Steve Murray passes away

Hanover Trust

His first job after his undergrad was in the credit department at the Hanover Trust. He quickly showed a proclivity for finance and making great deals on ccmpcapital.com. Because of this, he quickly climbed the ladder at Hanover and was promoted to VP of Middle-Market investing in 1989. He also helped start a private fund during his time at Hanover that would later develop into CCMP 15 years later.

Chase

Hanover went through a few mergers during Murray’s time with the trust. This was until they were finally merged with Chase Manhattan Bank. The merger with Chase happened in 1996. Murray worked at chase in a similar role until he was put in charge of all buyout operations at J.P. Morgan & Chase in 2000. He earned this role by proving time and time again that he had a knack for making great deals when it came to mergers and buyouts.

CCMP

CCMP Capital spun out from Chase in 2006 because the bank had bought out Bank One. It was thought that there would be a conflict of interest between the private equity divisions of both firms. To prevent that, CCMP was founded under the guidance of Murray. The fund is said to be worth about $12 Billion today. The average amount of investment transactions that they perform is around $100-$500 million per transaction.

Learn more about Stephen Murray: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

Hope for Cancer Patients – Seattle Genetics

A healthy lifestyle is important, although sometimes we can not prevent illness and diseases. Seattle Genetics is a cancer drug company that has been growing at very fast rate. Recently it has been on the move to enlarge its drug pipeline, getting on its hiring spree, as well as widening the use of its first drug.

The company is very ambitious and is doing all it can to make it a center of cancer research. Seattle has a commercialized drug known as Adcetris it is in an effort of trying it out in more cancer treatment. Currently, the drug is being tested in more than 70 trials against various types of lymphomas cancer as mentioned by the company’s CEO Clay Siegell. It has been mainly carrying out a clinical trial on phrase 3 or advanced for diagnosed Hodgkin Lymphomas treatment. Mr. Siegall said that the results of the test would have a great impact on the company compared to other trials that were done previously.

The Adcetris drug that is mainly used for Lymphomas treatment racked up 226 million dollars in U.S.A and Canadian sales last year. The company is predicting an increase in their sales this year from 255 to 275 million Dollars. The company has partnered with Tekada Pharmaceutical which has been selling the drugs outside the United States.

Adcetris is just one of the many drugs that Seattle Genetics manufactures. Currently, it is producing 12 drugs excluding Adcetris. It is planning to get another drug for phase 3 clinical trial this year which will be used to treat Myeliod Leukemia. Seattle is dedicated to cancer treatment and it a drug for bladder and breast cancer. To be able to serve its customers better the company is adding its employees and is planning to hire about 100 workers in the U.S.A and 20 Switzerland to add to its 800 employees.
Clay Siegell is the co-founder and the president of Seattle Genetics Company that was founded in 1998. Clay is also the CEO and the Chairman of the Board of Directors. Before co-founding Seattle Genetics, Dr. Clay was working at Bristol-Myers Squibb Pharmaceutical Research Institute from 1991 to 1997 and the National Cancer Institute, National Institute of Health from 1988 to 1991. He is a Ph.D. holder in Genetics from George Washington University and B.S in Zoology from the University of Maryland. He serves on the Board of Directors on Alder Biopharmaceuticals.

Steve Murray: A Good Man Gone Too Soon

When businessman Stephen “Steve” Murray passed away at 52 last year, the world didn’t just lose one of the most skilled investors, it also lost one of the most caring individuals you could ever meet in your lifetime. Stephen Murray was the former president and CEO of CCMP Capital. On the outside looking in it’s easy to see how a person might assume Murray was just another greedy rich guy who didn’t care about the less fortunate on Bloomberg, but in reality, Murray was just as much about treating people fairly as he was about his career as a private equity investor.

Stephen Murray received his degree in economics in 1984 from Boston College. He then went on to attend Columbia Business School 5 years later, where he received his master’s degree in business administration.

Murray began his career at Manufacturers Hanover Corporation. The corporation accepted Murray to be part of its credit analysis training program. A few years later he joined CCMP Capital, though it was not yet called that. Murray was with the company for well over two decades, despite all the major and sudden changes in ownership that seemed to happen every few years. CCMP eventually became a stand alone firm with Murray as its head in 2006. Just a year later he was appointed CEO of the company.

Murray has had a colorful career without question, yet he always seems to keep his cool and composure. It could’ve been easy for him to just jump off the ship of CCMP Capital and work elsewhere but that’s just not his personality.

Murray did a lot of work as a philanthropist while he was alive that went unnoticed at times. Stephen Murray was an avid supporter of organizations like the Make A Wish Foundation. In fact, Murray was a member of the chairman’s council of the foundation. He also was a strong supporter of the food banks in his community, as well as an important member of Boston College’s board of trustees.

Steve Murray was definitely taken from the world too soon. His legacy will live on through his wife and four sons.