Brendan Menapace

Brendan Menapace

Brendan Menapace is the senior digital editor for Promo Marketing. While writing and editing stories come naturally to him, writing his own bio does not.

U.S. Will Place Additional 10% Tariff on $300B in Chinese Imports Starting September

It's been a few weeks without news regarding the ongoing trade talks between the U.S. and China. In a series of tweets yesterday, however, President Donald Trump reported that U.S. trade representatives returned from China talks with disappointing results, and that he would add a "small additional tariff of 10 percent" on $300 billion in Chinese imports, effective Sept. 1...

Bud Light Joins Area 51 Hype With Possible New Branding

If you're not aware by now, there's a meme that's spread across the world about storming Area 51 to finally free the aliens that the U.S. government has supposedly been hiding from us for decades. It's a plan that's destined to fail, and if anyone tries...

Promo Company President Sentenced for Price Fixing Scheme

Gennex Media LLC (aka Brandnex.com and PMGOA) pleaded guilty to price fixing in the promotional products industry. The company's president, Akil Kurji, was sentenced to eight months in custody, a $20,000 fine and three years of supervised...

How Relationships Can Become Acquisitions (and How to Manage Them)

Acquisitions are finicky. When you’re on the buyer side, it’s almost like playing a game of poker, or like buying a used car. You don’t want to show all of your cards to the other players. You don’t want to let on exactly what you’re doing or hint at your next move...

Heritage Sportswear Officially Liquidating Assets

Heritage Sportswear, Hebron, Ohio, announced in a recent email that it will close its doors after 37 years in business. The wholesale apparel supplier will undergo a complete inventory liquidation, and announced that it will drop prices in every category as part of the liquidation. Heritage Sportswear will offer T-shirts, fleece...

Trump Threatens to Increase China Tariffs to 25%, Add $325B More to List

President Trump announced yesterday that the U.S. will increase tariffs to 25 percent on $200 billion in Chinese imports, effective Friday. The tariff rate was originally 10 percent, but during trade talks at the end of 2018, Trump promised that the number could increase if the sides couldn't reach a deal by March 1. That deadline was extended once, but with the sides still unable to come to terms, it appears the long-threatened 25 percent rate will now go into effect...

Report: Sycamore Partners, Staples' Private Equity Owner, Wants Out

Bloomberg reported that Sycamore Partners, the private equity firm that bought Staples Inc. in 2017, is now looking to withdraw most of its cash investment through a recapitalization effort, leaving Staples with about $1 billion in additional debt and $600 million in equity...

Surviving in the Age of Amazon

In a world governed by convenience and instant gratification, spearheaded by big-name companies like Vistaprint and Amazon, how do the traditional print distributors stay afloat and keep their business as profitable as possible?...

More Promo Companies Indicted, Fined in Price Fixing Schemes

A federal grand jury in Texas has indicted Taiwanese company G Nova Corp and its CEO over price fixing schemes relating to promotional products. A second company, NetBrands Media Corp. and two of its executives, have already agreed to plead guilty to similar, but unrelated, charges, per Reuters...