Home / Knowledge / News / Fashion / Infinity Lifestyle and Hilco buy out Le Tigre
Infinity Lifestyle and Hilco buy out Le Tigre
09
Nov '15
Infinity Lifestyle Brands, the Infinity Group's consumer products and brand management platform and Hilco Inc., part of the financial services company Hilco Global, have acquired the iconic fashion brand Le Tigre from Kenneth Cole Productions in a private asset sale.

As joint venture partners, Infinity and Hilco Inc. have purchased all IP assets (trademarks, goodwill, domain names) and license agreements of Le Tigre branded apparel in a private sale which closed in August of this year, Hilco Global said in a press release.

The brand was owned and operated by Kenneth Cole Productions which purchased the venerable label in 2007 and had successfully developed several licensing and distribution agreements with Bon Ton Stores, Inc. since that time.

Ike S. Franco, CEO of the Infinity Group said, "Acquiring the Le Tigre brand is a fantastic addition to our current brand portfolio. The Le Tigre name is such a recognized and memorable label which we believe has significant growth potential and licensing opportunities globally."

Jeffrey B. Hecktman, Chairman and CEO of Hilco Global said "The Le Tigre label has both intrinsic and potential brand value which is clearly underleveraged within the lifestyle apparel segment of the marketplace."

Both Hilco Brands and Infinity Lifestyle Brands are recognized brand turnaround specialists, together having restructured and revitalized many underleveraged consumer brands and retail companies including Polaroid, Altec Lansing, Miss America, The Sharper Image, Linens 'n Things, and more.

Hecktman said "The unique team of retail brand experts that we've put together has a very deep understanding of the consumer retail marketplace and a successful track record of repositioning apparel brands and work in fashion merchandising and manufacturing businesses."

Franco indicated that as partners, the Infinity and Hilco team will seek to reinvigorate the iconic label and create a global presence, building new revenue streams through strategic initiatives such as brand licensing, launching new designs, expanding store within a store distribution and increased brand marketing. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Moments of EPA signing in Tokyo. Courtesy: Twitter handle of Jean-Claude Juncker

Textiles | On 18th Jul 2018

EU and Japan sign Economic Partnership Agreement

European Union and Japan have signed an Economic Partnership...

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: OrganoClick

Textiles | On 18th Jul 2018

OrganoClick's OrganoTex finish is biodegradable

OrganoClick AB, developer and producer of environment-friendly fibre...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

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 ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

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

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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


July 2018

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

news category


Related Categories:

Advanced Search