Hampshire Group, Limited announced the acquisition of the privately held James Campbell Brands. The Brands were part of Maverick J, LLC a Rick Solomon Company. James Campbell is a West Coast designer brand positioned in the luxury segment of the men’s market.
James Campbell operates under the brands James Campbell, J.Campbell, Cultura International and Malibu Cowboy. James Campbell is sold in better stores in the United States with Nordstrom Inc. the largest customer.
Hampshire will not realize the full annual benefit of James Campbell’s revenues until 2015; however James Campbell’s pro forma annual revenues are projected to total approximately $8 million with margin generation significantly higher than Hampshire's core license or manufacturing businesses.
“We are very pleased to add the James Campbell brand to Hampshire’s portfolio of offerings,” said Paul Buxbaum, Hampshire’s Chief Executive Officer. “In December 2013, we announced our strategy of diversifying our product and customer base by adding owned brands into Hampshire's portfolio.
James Campbell Brands is the first of these acquisitions we hope to consummate in the coming year, as we continue to implement the plan we laid out to shareholders in December 2013."
The Company expects James Campbell’s earnings to be immediately accretive to Hampshire’s. Hampshire Group, Limited along with its wholly-owned subsidiaries, Hampshire Brands, Inc. and Rio Garment S.A. is a provider of fashion apparel across a broad range of product categories, channels of distribution and price points.
The Company specializes in designing and marketing men’s sportswear to department stores, chain stores and mass market retailers under licensed brands, our own proprietary brands and the private labels of our customers.