ImageFIRST Healthcare Laundry Specialists, King of Prussia, PA, recently announced that Richard Paradise has been named as their new CFO. Paradise will report to President and CEO Jim Cashman as part of the company’s executive leadership team, according to a news release.
In the next few days, the May issue of Textile Services will arrive in laundry operator in-boxes and homes. A key topic for this month’s issue concerns the upcoming Clean Show and what new tax breaks or restrictions the Internal Revenue Service (IRS) has implemented since the 2019 show in New Orleans. Last year’s Clean Show was canceled due to the COVID-19 pandemic.
Recently, the Economic Development Administration at the U.S. Department of Commerce announced $3 billion through a series of competitions to support economic and workforce development programs in regions across the country.
TRSA President & CEO Joseph Ricci recently appeared on a Goldman Sachs webcast to discuss key trends in the linen, uniform and facility services industry.
Lion Equity Partners, the parent company of TRSA supplier partner Riegel Linen LLC, recently established a scholarship at the University of South Carolina in honor of the late Riegel Linen CEO Bill Josey.
A consistent theme at TRSA’s recent Town Hall discussions, Market-Specific Roundtables, and other visits with members has focused on both the positive momentum of the reopening economy and the struggle to find and retain employees. This was even more evident as TRSA staff members visited with more than 20 members during the association’s recent seven state, 2,600-mile Reopening Tour. Regardless of geography, market sector or size, and whether an operator or supplier partner, the labor shortage presents a real challenge and risk to recovery.
High levels of participation in recent surveys of linen, uniform and facility services operators, which are used to generate the annual TRSA Industry Performance Report and Plant Employee Compensation Report, has created compelling industrywide financial data to identify strategies to facilitate long-term business success.
VF Corp., Denver, recently announced that it promoted Matt Puckett to executive vice president and CFO. Puckett will report to VF CEO Steve Rendle and serve on the company’s executive leadership team, according to a news release.
Using data from the Robert W. Baird & Co. and TRSA First-Quarter 2021 Uniform & Linen Rental Survey as well as the latest key economic indicators, a pair of Baird analysts gave an assessment of the state of the linen, uniform and facility services industry during TRSA’s recent webinar presentation, titled “Textile Services Market Forecast.”
Robert W. Baird & Co. and TRSA recently published the results of its March 2021 (First-Quarter 2021) Uniform & Linen Rental Survey. The impact of the COVID-19 pandemic was still noticeable in several key measures.
