Home / Knowledge / News / Apparel/Garments / Panglobal buys Scrapbook brand label from Femme Knits

Panglobal buys Scrapbook brand label from Femme Knits

05
Jun '08
Panglobal Brands Inc announces that it has signed a binding Term Sheet to acquire the Scrapbook brand label from Femme Knits Inc as well as selective other assets, including customer lists and current sales orders.

Femme Knits Inc was started in 1998 by Kelly Kaneda and the Scrapbook label was established in 2002. The Scrapbook label is aimed at the young contemporary market and is known for its mix and match prints and comfortable knit fabrics.

Scrapbook products can be found at better department stores and boutiques, and major customers include Nordstrom's, Dillard's, Macy's, Anthropologie, Top Shop (in London, UK), Delia's, Forever 21 and Hot Topic.

Femme Knits Inc has achieved sales of over $56 million cumulative in the past three years with sales of $22.0 million in 2007.

Panglobal Brands Inc will be employing Kelly Kaneda to be the new president of the Scrapbook division of Panglobal Brands, Inc as well as many of the key design and production staff associated with the brand.

“We are excited to have Kelly and his team joining us, and believe that Scrapbook has an excellent brand name and reputation in the young contemporary market.

With the addition of Scrapbook, we now will have brand diversification which will provide us with huge opportunities to design and sell into multiple distribution channels.

We will continue to look for excellent apparel brand opportunities like Scrapbook which add to our stable of brands and bring exceptional design talent to Panglobal Brands Inc as well as adding to our credibility in the eyes of our key major customers,” said Stephen Soller, Chief Executive Officer of Panglobal Brands Inc.

Panglobal Brands Inc


Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search