Home / Knowledge / News / Apparel/Garments / Panglobal buys Scrapbook brand label from Femme Knits
Panglobal buys Scrapbook brand label from Femme Knits
05
Jun '08
Panglobal Brands Inc announces that it has signed a binding Term Sheet to acquire the Scrapbook brand label from Femme Knits Inc as well as selective other assets, including customer lists and current sales orders.

Femme Knits Inc was started in 1998 by Kelly Kaneda and the Scrapbook label was established in 2002. The Scrapbook label is aimed at the young contemporary market and is known for its mix and match prints and comfortable knit fabrics.

Scrapbook products can be found at better department stores and boutiques, and major customers include Nordstrom's, Dillard's, Macy's, Anthropologie, Top Shop (in London, UK), Delia's, Forever 21 and Hot Topic.

Femme Knits Inc has achieved sales of over $56 million cumulative in the past three years with sales of $22.0 million in 2007.

Panglobal Brands Inc will be employing Kelly Kaneda to be the new president of the Scrapbook division of Panglobal Brands, Inc as well as many of the key design and production staff associated with the brand.

“We are excited to have Kelly and his team joining us, and believe that Scrapbook has an excellent brand name and reputation in the young contemporary market.

With the addition of Scrapbook, we now will have brand diversification which will provide us with huge opportunities to design and sell into multiple distribution channels.

We will continue to look for excellent apparel brand opportunities like Scrapbook which add to our stable of brands and bring exceptional design talent to Panglobal Brands Inc as well as adding to our credibility in the eyes of our key major customers,” said Stephen Soller, Chief Executive Officer of Panglobal Brands Inc.

Panglobal Brands Inc

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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:
May 2017

May 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