Sage's New Man
Los Angeles–based investment bank The Sage Group LLC announced that Rockwell “Rock” Schnabel, former U.S. ambassador to the European Union, has been named chairman of its board of directors. The Sage Group focuses on brand-driven and mid-tier companies in the $50 million to $1 billion range. The company has helped foster several large-scale apparel industry deals, including Ocean Pacific’s acquisition by Warnaco Group and Earl Jeans’ acquisition by Nautica Enterprises Inc.
