Global Brands Group Holding Limited, one of the world's leading branded apparel, footwear, fashion accessories and lifestyle product companies, has acquired PS Brands, the owner of the Planet Sox brand of socks, tights and accessories. The acquired business will be a core addition to Global Brands' accessories business.
Planet Sox manages a wide range of licensed brands, from entertainment characters and active lifestyle, to ladies' fashion and men's fashion. Its portfolio of licenses includes Disney, Nickelodeon, Hasbro, Fila, Head Sport, Kate Spade, Nanette Lapore, and Kensie. Its products are available at multiple channels of distribution, including mid-tier and better department stores, mass stores, athletic footwear chains, specialty stores and off-price retailers.
Bruce Rockowitz, Chief Executive Officer and Vice Chairman of Global Brands Group Holding Limited, said, “The transaction represents a natural extension of our growth platform and aligns well with our strategy to focus on Global Brands' core product categories. We are excited about the opportunities we can leverage to further grow not only our accessories business but also across our entire portfolio of brands.” (SH)
Fibre2Fashion News Desk – India