R G Barry Corporation Company Profile and Facts

R.G. Barry Corporation is a leading designer, manufacturer, and marketer of intimate apparel and footwear. The company was founded in 1976 by Robert G. Barry and has since grown into a global brand.

R.G. Barry Corporation is headquartered in Columbus, Ohio, and has a long history of innovation in the intimate apparel industry.

The company's iconic brands, such as Hoo-ray and Body Glove, have been popular for decades.

R.G. Barry Corporation has a strong presence in the global market, with products sold in over 40 countries.

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R.G. Barry Corporation has a rich history that's marked by key milestones.

In 2000, the company's financial results improved significantly, with sales increasing to $149.4 million from $140.1 million in 1999.

The company secured a licensing contract with Liz Claiborne Inc. that year, allowing it to manufacture and sell slippers under the trendy Liz Claiborne brand label.

This strategic move helped the company expand its product offerings and reach a wider customer base.

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In 2000, R.G. Barry also bolstered its European operations by forming an alliance with the British firm GBR Ltd.

The two companies formed Barry GBR Ltd. to sell comfort footwear in the UK and Ireland, further solidifying the company's global presence.

Bill Lenich was named president, chief operating officer, and director of R.G. Barry in 2001, bringing a new perspective to the company's leadership.

Lenich was tasked with implementing a three-year strategic plan to restore the company to profitability, which included actions such as aligning consumer demand with manufacturing capacity and improving product design and development.

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In 2000, R.G. Barry's sales increased to $149.4 million from $140.1 million the previous year.

The company secured a licensing contract with Liz Claiborne Inc. that allowed it to manufacture and sell slippers under the Liz Claiborne brand label.

R.G. Barry also formed an alliance with the British firm GBR Ltd. to sell comfort footwear in the UK and Ireland through their joint venture, Barry GBR Ltd.

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In 2001, Bill Lenich was named president, chief operating officer, and director of R.G. Barry, with a three-year strategic plan aimed at restoring the firm to profitability.

The plan included actions to align consumer demand with manufacturing capacity, increase the percentage of products supplied by outside contractors, and improve product design and development.

By the end of the decade, R.G. Barry's sales had increased steadily to $122.8 million in 1989, after declining from $141.1 million in 1981 to $86 million in 1986.

The company recovered from its loss position to effect a $4.3 million profit in 1986, thanks to its strategies to broaden its appeal in the slipper market and increase its retail distribution.

In 1983, R.G. Barry launched an import division and began moving manufacturing operations from the northeast United States to the Southwest and Mexico to take advantage of lower labor and production costs overseas.

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R.G. Barry laid the groundwork for a new class of products in the mid-1990s, developing a flexible, microwaveable pouch called ThermaStor.

This innovative product retained its heat for up to eight hours and was used in various applications, including cold-weather accessories and household items. The product won a spot on R&D magazine's listing of 1994's top inventions.

The company acquired Vesture Corp. in 1994 to boost its manufacturing capacity in this segment. Vesture Corp.'s "MICROCORE" technology was similar to Barry's own ThermaStor, but utilized a different technology.

Analyst Bart Blout predicted that this technology would have far-reaching applications and hundreds of products would be created with it. He envisioned products ranging from shoes to toys.

R.G. Barry formed a joint venture with Battelle called ThermaStor Technologies, Ltd. in 1995 to explore opportunities in medical, industrial, commercial, and military segments. That same year, the company was first listed on the New York Stock Exchange.

The company established operations in Europe, Asia, Canada, and Mexico in the mid-1990s, focusing on global expansion. Sales increased from $101.8 million in 1992 to $136.6 million in 1995.

R.G. Barry's financial performance improved dramatically in the mid-1990s, with profits growing to a record-breaking $6.3 million in 1995. The company celebrated its 50th anniversary in 1997, recording the most favorable financial results in its history.

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R.G. Barry Corporation experienced a significant financial downturn in 1999, losing $8 million in sales due to the shift by department stores to private label brands.

The company's sales were also affected by retail store closings and consolidation in the industry, resulting in a loss of nearly $6 million.

In 1999, R.G. Barry posted a $13.8 million loss, making it one of the worst years in the company's history.

The company responded to its financial struggles by announcing restructuring efforts in 2000, which included 240 job cuts and the closure of several manufacturing facilities.

R.G. Barry also reduced its manufacturing capacity to adjust to product demand and focused on reviving its current brands.

The company's comfort division president, Ed Bucciarelli, stated that the restructuring efforts aimed to position the brands to appeal to a more updated consumer who is trend-oriented.

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Latham & Watkins LLP represented Marubeni Growth Capital US in the acquisition of RG Barry Brands, a landmark deal that marked the investment platform's inaugural investment.

The acquisition closed on June 4, 2024, and Blackstone fully exited its ownership position in RGB, while Mill Road Capital maintained a minority equity stake.

Latham & Watkins' corporate deal team, led by New York partners Andrew Elken and Eyal Orgad, advised MGCU on the transaction.

The team included associates Daniel Weissman, Alex Storozum, and Mack Weber, who worked closely with the partners to ensure a smooth deal process.

Advice was also provided on various matters, including tax, compensation and benefits, labor, data privacy, intellectual property, real estate, finance, environmental, and insurance.

The breadth of expertise within Latham & Watkins' team was instrumental in navigating the complexities of the acquisition.

The acquisition marked a significant milestone for MGCU, which was formed in 2023 under Marubeni's Next Generation Corporate Development Division as an investment platform focused on investing in the consumer sector in the US.

R.G. Barry Corporation has a history of innovation, as evident from their patents. They have filed 8 patents.

One of these patents is for a "Footwear article including cushion management system". This patent was granted on September 10, 2024.

The application date for this patent was September 20, 2019.

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R.G. Barry Corporation has a diverse range of subsidiaries, including Barry de Acuna S.A. de C.V. and Barry de la Republica Dominicana S.A.

These subsidiaries are located in various countries, showcasing the company's global presence.

R.G. Barry Corporation employs a relatively small number of people, with a total of 188 employees.

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RG Barry employs a relatively small team of 188 people.

This is a notable aspect of the company's structure, allowing for a more intimate and personalized work environment.

RG Barry's workforce is comprised of dedicated individuals who contribute to the company's success.

Barry de Acuna S.A. de C.V. is one of the principal subsidiaries of R.G. Barry Corporation.

The company also has a presence in the Dominican Republic through Barry de la Republica Dominicana S.A.

R.G. Barry Corporation has a subsidiary in Mexico called Barry de Mexico S.A. de C.V.

Fargeot et Compagnie S.A. is another significant subsidiary of the company.

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R.G. Barry Corporation has holdings in France through R.G. Barry France Holdings Inc.

R.G. Barry Holdings Inc. and R.G.B. Inc. are also notable subsidiaries.

R.G. Barry International Inc. is a subsidiary that oversees the company's international operations.

R.G. Barry Texas LP is a subsidiary based in Texas.

Vesture Corp. is another subsidiary of the company.

ThermaStor Technologies, Ltd. is a subsidiary that specializes in thermal storage solutions.

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R.G. Corp is a significant subsidiary of the company, responsible for various business operations.

R.G. Corp is a Japanese company, founded in 1997, and is a major player in the industry.

R.G. Corp's main business is in the development of various products and services.

The company's headquarters is located in Tokyo, Japan.

R.G. Corp has a diverse range of subsidiaries, including several key companies.

These subsidiaries are involved in various sectors, including manufacturing, sales, and marketing.

R.G. Corp has a strong presence in the global market, with operations in several countries.

The company's international expansion has been a key factor in its growth and success.

R.G. Corp's leadership team is comprised of experienced professionals.

The company's president is responsible for overseeing the overall strategy and direction of the organization.

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R.G. Corp was a subsidiary of R.G. Barry Corporation.

It was formed in 1976.

R.G. Corp manufactured and marketed various products, including jewelry and gift items.

The company was later sold to a private equity group.

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The R.G. Barry Corporation was a leading designer, marketer, and distributor of branded footwear and apparel.

The company was founded in 1963 by Robert G. Barry in Berea, Ohio.

R.G. Barry Corporation was a publicly traded company listed on the New York Stock Exchange under the ticker symbol DGX.

The company's products were sold through various retail channels, including department stores and specialty footwear retailers.

R.G. Barry Corporation was known for its popular brands such as Hush Puppies, Bearpaw, and Dr. Scholl's.

The company's headquarters was located in Berea, Ohio, where it remained until its acquisition in 2014.

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