A Hong Kong based investor group has acquired designer, manufacturer and marketer of women’s and kids fashion brands Kellwood Company for an undisclosed amount. The acquisition includes the My Michelle, Jolt, Rewind, Democracy, Sangria, JAX, and Briggs New York brands, as well as the XOXO apparel license, and Kellwood’s private label business.
After the acquisition, David Falwell has been appointed as chief executive officer of Kellwood Company. Falwell had earlier served as executive vice president of operations until 2013 at Kellwood.A Hong Kong based investor group has acquired designer, manufacturer and marketer of women's and kids fashion brands Kellwood Company for an undisclosed amount. The acquisition includes the My Michelle, Jolt, Rewind, Democracy, Sangria, JAX, and Briggs New York brands, as well as the XOXO apparel license, and Kellwood's private label business.
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“Kellwood is one of the leading apparel manufacturers in the United States, with over 50 years of history at the forefront of the apparel industry,” said David Falwel. “We believe that there is tremendous growth potential for Kellwood’s businesses, and this acquisition will allow the company to leverage its existing relationships in Asia to grow its businesses and increase profitability.”
Fibre2Fashion News Desk – India
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