Few Cloudveil workers remain with company
March 8, 2010 posted by All Mountain Sports Staff
Filed under Manufacturer News
By Thomas Dewell, Jackson Hole, Wyo.
March 4, 2010
Only two of up to 20 people who worked for Cloudveil have been offered jobs after the company was bought by a Connecticut-based firm, the CEO of the outdoor apparel maker’s former parent company said.
Cloudveil Mountain Works, which was owned by Spyder Active Sports, employed between 10 and 20 people and had offices in Jackson and Colorado, said Tom McGann, chief executive officer of Boulder, Colo.-based Spyder. The Jackson Hole office employed “seven or eight” people, McGann said Tuesday.
Spyder in February announced the sale of Cloudveil to Cloudveil Mountain Peak, a company backed by Connecticut investors. Spyder then closed the brand’s Jackson office and released almost all employees.
Wilson resident Ned Hutchinson, who worked as Cloudveil’s national sales manager, is slated to continue with Spyder as that company rolls out the brand’s spring line for summer sales, McGann said. Cloudveil’s Boulder-based general manager, James Samuel, also will work on the spring line.
The other Jackson-based Cloudveil workers were given severance packages, McGann said. McGann would not disclose the overall Jackson payroll.
Jim Reilly, who partnered with Connecticut-based Windsong Brands to buy Cloudveil, said his company will be responsible for the fall line of products as well as future releases. Reilly previously worked as CEO of Cloudveil.
Reilly also announced last week that the Cloudveil retail store on Pearl Avenue would close.
Store employees said the shop would be open through the month.
Earlier this week, Reilly said he would close the store because it was not making money. When asked about the profitability of the retail store, McGann said the operation “didn’t consume cash.”
Cloudveil was founded in 1997 in Jackson by valley residents Brian Cousins and Stephen Sullivan.
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