Home / Knowledge / News / Apparel/Garments / Redcats completes sale of its Missy Apparel Brands
Redcats completes sale of its Missy Apparel Brands
29
Jul '08
Redcats Group, a leader in home shopping announced that its wholly owned subsidiary Redcats USA has completed the sale of its missy division including Chadwick's, metrostyle and Closeout Catalog Outlet, to Monomoy Capital Partners, a U.S. private equity fund.

Redcats USA originally announced its intention to sell its missy apparel business earlier this year after the successful acquisition of United Retail Group, which includes almost 500 Avenue stores. The decision was part of the strategic plan to focus on developing the special size brands, as well as the sporting goods/outdoor brands in a true multi-channel format.

Thierry Falque-Pierrotin, Chairman and CEO of Redcats Group, said “The sale of Chadwick's , metrostyle and Closeout Catalog Outlet, in the U.S. is a further step in the focalization of Redcats Group brands portfolio on clear leadership positions.”

Eric Faintreny, Chairman and CEO of Redcats USA, underlined: “With the sale of our missy brands, Redcats USA global strategic repositioning is now fully completed. We are now clearly focused on the men's and women's plus-size apparel, and outdoor gear.”

Stifel, Nicolaus & Company, Incorporated served as financial advisor to Redcats USA and Wachtell, Lipton, Rosen & Katz acted as legal counsel in connection with the above transaction.

Redcats Group

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
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



X