Home / Knowledge / News / Apparel/Garments / CMRG to buy Dahle's catalog business
CMRG to buy Dahle's catalog business
17
Jun '08
Casual Male Retail Group Inc, retail brand operator of Casual Male XL, Rochester Clothing, B&T Factory Direct, LivingXL and ShoesXL, announced that Casual Male has entered into an agreement to acquire certain assets of Dahle Management Corporation, operator of 15 big and tall men's apparel stores in nine states.

Under the asset purchase agreement, approximately seven Dahle's Big and Tall men's stores, with annual sales of approximately $5 million, will be converted to the Casual Male XL brand prior to the 2008 Holiday selling season. Five of the Dahle's stores are located in either the Salt Lake City, UT area, Billings, MT, or Boise, ID, all new markets for CMRG and bringing Casual Male's presence to 47 states.

The additional two Dahle's stores are located in existing Casual Male XL markets in the Phoenix and Las Vegas areas, providing an opportunity to expand in these growing markets. CMRG will retain Dahle's employees in these stores.

Dahle's will retain ownership of the real estate and will be CMRG's landlord in these stores. In addition, CMRG will acquire Dahle's customer list from its internet and catalog business which generated approximately $500,000 in revenue last year and will no longer be operated by Dahle's.

The balance of Dahle's men's operation, which consists of approximately eight other store locations, all of which compete directly with CMRG, will be liquidated by Dahle Management and closed by the end of January 2009. The acquisition is not considered to be a material transaction to CMRG and is not expected to impact CMRG earnings in 2008. The transaction is expected to be accretive to CMRG earnings in fiscal year 2009.

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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
April 2017

April 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