Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at email@example.com in case you need any other additional information.
"The acquisition of Haggar is an important waypoint on our strategic journey," said Jeffrey Spiegel, CEO of Randa Accessories. "Following our Moats, Boats & Bridges strategic roadmap, this acquisition allows Randa to bring its existing expertise to adjacent brands, channels of distribution, and product classifications. This transaction brings together two successful, financially strong, and complementary businesses to better serve our retail and brand partners, our associates, and our consumers. We believe that brands matter -- and Haggar and Tribal are highly relevant brands in their respective markets."
"Randa is the ideal strategic partner for Haggar because of the combined strengths of our two companies," said Michael Stitt, Haggar CEO. "Jeff and his extraordinary leadership team add invaluable scale, resources, expertise, and marketing, in addition to retail partnerships. They align with our core values and high standards."
Haggar has over 80 branded brick-and-mortar retail locations, a dedicated direct-to-consumer e-commerce platform, and its products are sold in over 10,000 stores throughout North America.
"Today, understanding and applying consumer data is an essential tool," Spiegel added. "The addition of Haggar's retail stores and e-commerce business will supply us with invaluable insight into our consumers' evolving expectations and path-to-purchase. This information will provide a powerful and actionable lens for our retail and brand partners, as well as our consumers."
Haggar will remain in Dallas and will be managed by Haggar's current leadership team. "This is a healthy company, led by a strong and respected team of talented professionals," said Spiegel. "We intend to provide this extraordinary company with additional resources to drive our mutual success."
Randa is funding the acquisition through a combination of cash on hand and committed financing provided by Wells Fargo Bank, National Association and JPMorgan Chase Bank. (RR)
Fibre2Fashion News Desk – India
| On 12th Aug 2020
Revenues of major Chinese textile companies with an annual turnover...
Bangladesh Economic Zones Authority (BEZA) recently signed a land...
| On 12th Aug 2020
The Baird Group is the latest UK retailer to launch a company...
'Support and Outreach' huge relief for MSMEs
Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd
Increasing prices and lack of demand main issues facing industry
The budget will give major impetus to textile and apparel consumption
The mission of Swiss company Datacolor is to empower its customers to make ...
MAG Solvics Private Limited was established in 1991 to design and develop...
Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Birmingham City University (BCU)
<div>A technological breakthrough could see people getting messages about...
Investkonsult Sweden AB
Investkonsult Sweden AB are consultants in the nonwoven and absorbent...
The creations by Aprajita Toor were born out of a deep desire to create...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...
India Boulevard is a San Francisco-based curated fashion marketplace that...
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.