The story
Origins (1986–1996)
Chauvin International, Ltd., a manufacturing company that was led by Morty Forshpan, acquired B.U.M. in 1986. The clothing line made its market debut in 1987 and featured basic clothing items with the brand's logo displayed across their T-shirts, tanks, and sweatshirts. Within its first year, B.U.M. Equipment grossed $2 million and it brought in about $240 million in annual revenues by 1992. In 1992, the B.U.M. parent company, Chauvin International, partnered with the Canadian casual wear company Chip and Pepper. Chauvin International purchased the assets of the Chip and Pepper Wetwear Inc., and distributed its products in the United States while the twin co-founders, Chip and Pepper Foster, were still in charge of overseeing the design along with the marketing and promotion. In 1994 Chauvin International, Ltd. merged with Cami'z, Inc., the B.U.M. brand's retailer.
In April 1996, B.U.M. International filed for Chapter 11 bankruptcy due to what the company said was poor sales. The judge allowed reorganization plan by SOS Management in favor of the B.U.M. International Inc. creditors in 1997. The reorganization, managed by SOS Management and its successor BUM Equipment LLC, resulted in a plan that was in which the B.U.M. International creditors would be paid in full in five years. After the five year payback period, the B.U.M. International Inc. operating unit was dissolved. The trademarks were purchased by BUM Equipment LLC and has continued to operate under that corporate structure.
Relaunch and B.U.M. Equipment LLC, (1997–present)
SOS Management was established in 1996 by Chairman and chief executive officer Stephen Wayne and Vice Chairman Steve Marra. Wayne was the president of Yves Saint Laurent Sportswear (1974–77), president of the menswear division of Calvin Klein (1977–81), and the president of Sasson Industries for five years prior to launching his own licensing firm, Stephen Wayne & Associates, in 1986. Wayne was the exclusive licensing agent for Sasson, Bugle Boy, Andrew Fezza and Bum Equipment and owns and operates the Stephen Wayne & Associates company. Prior to co-founding SOS Management, Steve Marra worked for Macy's for sixteen years, most recently as vice president of merchandising, and later worked as president of B.U.M. Equipment's retail division and executive vice president of sales and merchandising for the company.
B.U.M. Equipment emerged from bankruptcy in 1997 under the management of SOS Management headed by Wayne and Marra. In 2002, SOS Management purchased the B.U.M. Equipment trademark, establishing the new trademark and licensing company called BUM Equipment LLC. By 2005, B.U.M was operating more than 20 licenses around the world and gathering approximately $600 million annually.
From Wikipedia’s article on B.U.M. Equipment, shared under CC BY-SA 4.0.3