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Total Luxury Group buys International Apparel Group

May '06
Investment company Total Luxury Group Inc has entered into an agreement to acquire an apparel holding company known as International Apparel Group Inc, which includes wholly owned subsidiary Original Gear Inc, and a license with legendary rapper DMC, as well as other licensed and private label production for Converse, Randy Moss, and the NIFL.

“This is the opportunity that we have been searching for over a year. This deal brings us immediate revenue, tremendous growth potential and experienced apparel industry management” said CEO Sandy Masselli.

For IAG President Janon Costley, “It's a perfect match… With this transaction, we are in a position to grow our current business as well as seek additional licenses and acquisitions in the apparel industry.”

The closing is set for no later than June 1st 2006 prior to which both companies will engage in a short period of additional due diligence.

Following this transaction, the company intends to actively implement a growth strategy through additional acquisitions and licensed programs.

Total Luxury Group Inc, which currently holds a distributorship agreement for MCM, AG, has been seeking additional opportunities within the consumer products industry, for acquisition of companies that have a proven management team, and desirable products or services.

International Apparel Group Inc is an apparel holding companythat through its subsidiary companies manufactures and sells apparel to major retailers and distributors around the world.

Total Luxury Group Inc

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