Home / Knowledge / News / Apparel/Garments / S. Kumars & Emerisque get court approval to acquire Hartmarx
S. Kumars & Emerisque get court approval to acquire Hartmarx
27
Jun '09
S.Kumars Nationwide Ltd has informed that the Company has purchased through their wholly owned subsidiary SKNL North America BV, in conjunction with its operating partner Emerisque UK, the Chicago (USA) headquartered clothing giant Hartmarx Corporation at a gross enterprise value of approximately US $ 120 million. SKNL will directly be investing US $ 35 million into this transaction.

This acquisition will add tremendous value to the SKNL group as Hartmarx is the largest formal-wear clothing company in the US and directly owns and / or controls (through licenses) 34 clothing brands Some of these Brands are leaders in their category.

This acquisition will enable the SKNL Group to establish a substantial footprint in the global clothing arena and will also bring significant volume of business to the existing SKNL Group operations in India through a "front-end back-end synergy" strategy.

S.Kumars

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search