Tingue’s long-time CFO John Hurst recently announced his retirement, effective June 1; his successor, Arnald Capriles, who joined Tingue last November, now has succeeded Hurst as […]

When a staff member experiences a financial crisis, how many linen, uniform and facility services companies would agree to advance that employee cash against their own paycheck to help out in a time of need?

K-Bro Linen Inc., Edmonton, Alberta, Canada, has announced an agreement to enter into a three-year, $175 million revolving credit facility, according to a news release.

The TRSA Human Resources Committee reviewed the TRSA Plant Compensation and Benefits Survey and recommended updates to expand the Diversity, Equity and Inclusion (DEI) section. This improvement will allow companies to better benchmark their DEI programs and best practices with others in the industry.

TRSA’s recently released Industry Performance Report indicates a return to parity in profitability between operators serving different customer industry markets typical of the pre-COVID era. Built from a survey of financial data collected confidentially from TRSA members by MacKay Research Group, Boulder, CO, the one-of-a-kind industrywide report enables operators to compare income statements, balance sheets, and financial and employee productivity ratios.

September’s Textile Services magazine will feature critical insights from a leading insurer of commercial laundries on the ins and outs of protecting your business against cyber attacks.

TRSA is encouraging operators to participate in the 2023 TRSA Industry Performance Report (IPR) survey. The IPR survey generates industrywide financial data that provides intel on the linen, uniform and facility services market, allowing members to benchmark themselves within the industry.

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.