Home / Knowledge / News / Apparel/Garments / Titan Global Holdings acquires footwear labels
Titan Global Holdings acquires footwear labels
04
Jan '08
Titan Global Holdings Inc, a high-growth diversified holding company announced that Titan Apparel Inc the Company's recently formed wholly owned subsidiary, purchased the majority of all of the assets of Global Brand Marketing, Inc. (GBMI), including inventory, accounts receivable and intellectual property assets.

Titan expects to aggressively and profitably market brands worldwide with high quality and well designed products supported by strong and distinct marketing strategies.

GBMI, located in Santa Barbara, CA, owns the popular brands Dry-shod, No Mass, Mehandi and Funflopps. Additionally, GBMI has been the global licensee for well-known brands Nautica, Sean John and 7ForAllMankind.

GBMI operated under the banner Global Feet and sold its footwear products in 130 countries worldwide. Over its history GBMI has won dozens of footwear industry awards. Since its inception in 1996 GBMI sold over $1 billion worth of footwear.

"GBMI and its founder Killick Datta enjoyed a storied history and in the process have aggregated a highly talented and seasoned management team," said Kurt Jensen, Chairman of Titan Apparel, Inc. "We see exceptional long-term growth opportunities from this exciting new acquisition. We are looking forward to building on the past success that Killick and his team have achieved as a means to building additional value for our shareholders."

In addition to the asset purchase, Titan Apparel has hired the complete core of executives currently leading GBMI, including Killick Datta, its founder. Mr. Datta was also named President and Chief Executive Officer of Titan Apparel. Shortly after the first of the year, Mr. Datta will outline the strategic initiatives and vision for this Titan unit.


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search