Home / Knowledge / News / Textiles / Samuelsohn to acquire Hickey Freeman's clothing assets
Samuelsohn to acquire Hickey Freeman's clothing assets
23
Oct '13
Samuelsohn, the premium menswear brand based in Montreal, finalized its acquisition of the Hickey Freeman clothing assets, license and Rochester manufacturing facilities.

With the close of this landmark deal, the company becomes the largest manufacturer of luxury tailored clothing that is truly made in North America. Samuelsohn has been growing at an incredible pace over the past three years with its new management team, and by next year, is projected to be four times larger than in 2010.

"We are delighted to complete this acquisition and focus on working with the great employees of Hickey Freeman to grow the business," said Stephen Granovsky, CEO of Samuelsohn's parent company and acquirer Grano Retail Holdings.  "We believe in this industry and continue to search for opportunities to expand our footprint in luxury men's apparel."

As part of the deal, Samuelsohn has acquired all of Hickey Freeman's tangible assets, including the legendary Rochester factory, from W. Diamond Group, and will enter into a 40-year license agreement with Hickey Freeman brand owner Authentic Brands Group, LLC (ABG).

"We couldn't think of a better guardian for the Hickey Freeman brand than the team at Samuelsohn and we are very pleased to have them as our core Hickey Freeman licensee for the next forty years," said Jamie Salter, Chairman and CEO of ABG.

Granovsky will serve as CEO of Hickey Freeman Tailored Clothing ("HFTC"); Arnold Brant Silverstone has been appointed President and Chief Creative Officer and Alan Abramowicz will likewise expand his role to include President and Chief Operating Officer of HFTC.  All key management positions at Hickey Freeman have been retained and Silverstone expects to make key hires in the next couple of months in marketing and sales.

The company, which estimates that under their leadership Hickey Freeman will experience as much as 50% growth in the next three to five years, first announced the pending deal at their 90th anniversary event in New York City in July co-hosted by New York State Senator Charles Schumer and philanthropist Petra Nemcova.

Samuelsohn


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Mohammad Hassan
Biax Fiberfilm

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

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search