Knothe, a family-run business based in New York, distributes its products under labels such as Izod, Chaps and State O Maine.
Intradeco, a family-run business based in Miami that is focused on fashion basics and thermal underwear, said Knothe will operate as a separate division of Intradeco. The existing Knothe senior management and merchandising teams will continue running the businesses.
Allan Ellinger, senior managing partner at MMG, which was financial adviser in the transaction, said, “This is a strategically strong merger for both companies. We were pleased to be able to bring these two industry leaders together in a deal that will strengthen the men’s sleepwear business.”
Terry Trofholz, executive vice president of sales for Intradeco, said the “synergies between the businesses will bring real benefits to our valued customers.”
Ricky Bern, chief operating officer at Knothe, said his company will “be able to take advantage of Intradeco’s vertical supply chain structure, world class operating systems and financial strength.
| On 22nd Jun 2021
The United Nations system in Cambodia is working together with...
| On 22nd Jun 2021
Vesta, an end-to-end online transaction guarantee platform, recently...
| On 21st Jun 2021
The Southern African Clothing & Textile Workers' Union (SACTWU) has...
Fashion tech has to be lean and very productive
Cannot see the world breaking away from cotton & polyester
Blockchain is not a silver bullet for each and every problem in supply...
Danitech was born from the will of a group of technicians to offer the...
Yawer Ali Shah
Synthetic colours and dyes were all the rage till the very first ban on...
Kishina Daruka and Mishika Daruka
Headquartered in Kolkata, India, sustainable clothing brand Ora was...
Garware Technical Fibres
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
<div>RocketLife, an award-winning developer of breakthrough visual...
Sameer Sonkusale & Rachel Owyeung
A team at the Tufts University in Massachusetts was recently in news for...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
Gramin Vikas Evam Chetna Sansthan
Ruma Devi is a jet-setting promoter of artisans who has empowered...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.