Glenn Schlossberg founded Jump Design Group in 1990 and is currently working as the company’s Principal. He is recognized for driving innovation and creating a revolution within the fashion industry. His 30 years experience in the industry has been beneficial in creating a successful business that delivers high-quality apparels to customers at competitive prices.
He established the company with the goal of creating a fast fashion enterprise that could beat the other competitors in the market using a pricing strategy and concentrating on quality. Currently, Glenn Schlossberg has entered into partnerships with various retailers such as Macy’s, Nordstrom, Amazo, to mention few, that engage on selling the company’s high-end dresses, evening separates, specialty garments, among others. The average annual sales of the company stand at $ 5.5 million.
Among the most recent undertaking by Jump Design Group, is the acquisition of Cathy Daniels, which is a sportswear label. As part of the agreement, Glenn agreed for the Cathy Daniels team and company’s President shall retain their positions under this new management. The acquisition is part of the Jump Design Group’s mission to purchase companies that are performing well and complement them with a wider customer base and more effective marketing strategies. The Cathy Daniels label was founded in 1975 and over the years it has grown into leading sportswear company.
The owners of Cathy Daniels expressed that they are pleased to sell their company to Jump Design Group and they are hopeful that the new owners will continue growing the company and achieve greater success. Since its inception, it has been operating as a family business, and they trust Glenn Schlossberg’s company to maintain this legacy.
The management team of Jump Design Group is looking forward to starting a new journey of using innovative technology in improving quality and the rate of production. The strategy they are hoping to apply is combining their capabilities without altering the structure of the acquired companies.
The companies they are acquiring are all successful but lack the technological investment that could make them more successful. The company plans to expand its production and supply of dresses, denim, and athletics and the acquisitions are a means of achieving this goal. Check out wwd.com