Home / Knowledge / News / Apparel/Garments / Perry Ellis completes purchase of all IP assets of Anchor Blue
Perry Ellis completes purchase of all IP assets of Anchor Blue
14
Mar '11
Perry Ellis International Inc announced that it has completed the purchase of all intellectual property assets of Anchor Blue, Inc.

The Company made a successful $500,000 bid in a March 3rd, 2011 auction for the Anchor Blue and Miller's Outpost trademarks, and all other intellectual property holdings associated with Anchor Blue, Inc. The intellectual property assets were purchased free and clear or any liens, claims or encumbrances. The transaction was approved by the bankruptcy court in the state of Delaware and closed on March 11, 2011.

"As the Anchor Blue name continues to have a loyal consumer following, especially within the denim category we feel the benefit of adding these brands to our current portfolio is two fold. First, it will allow us to further develop our current denim business across all brands and second, as Anchor Blue continues to be very well known along the West Coast and among the younger Hispanic community, we feel it will allow us to continue developing our connection to a younger demographic." commented Oscar Feldenkreis, President and Chief Operating Officer of Perry Ellis International.

Anchor Blue Inc was a Corona, CA based specialty retailer of casual apparel and accessories for the teenage market. As of December 31, 2010 the company operated 115 stores primarily located along the West Coast. After what was a series of operational challenges and a difficult 2010 holiday season for the company, it liquidated all of its inventory, and on January 11, 2011 filed for bankruptcy protection under Chapter 11 with the bankruptcy court of Delaware.

Streambank LLC of Needham, MA served as an advisor to Anchor Blue, Inc. in connection with the auction of all Intellectual property rights of the company.

Perry Ellis International Inc


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marten Alkhagen
Swerea IVF AB

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

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Yash P. Kotak
Bombay Hemp Company

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search