Home / Knowledge / News / Fashion / Phoenix Footwear buys out Paradise Shoe Company LLC

Phoenix Footwear buys out Paradise Shoe Company LLC

Aug '05
Phoenix Footwear Group Inc announced it has acquired the assets of the Paradise Shoe Company LLC. The terms were not disclosed.

Paradise Shoe Company, based in Phoenix, Arizona, is the exclusive licensee of the popular Tommy Bahama line of men's and women's footwear, hosiery and belts. The acquisition is effective as of this date.

Concurrent with this transaction, Phoenix Footwear has signed an exclusive license agreement with the Tommy Bahama Division of Oxford Industries Inc, owner of the Tommy Bahama brand, whereby Phoenix Footwear will design, manufacture and distribute the Tommy Bahama line of men's and women's footwear, hosiery, belts and men's small leather goods and accessories. Terms of the license agreement were not disclosed.

Tommy Bahama is a premier lifestyle brand featuring men's and women's apparel, footwear and accessories. The brand's products are well-known and represent a relaxed, island-inspired lifestyle.

The Tommy Bahama line of footwear, hosiery and belts and accessories feature the brand's signature style and benefits from a broad distribution network of Tommy Bahama-branded stores, department stores and independent specialty stores throughout North America and the Caribbean.

Paradise Shoe Company, through its exclusive license of Tommy Bahama footwear, hosiery and belts, posted full-year sales of $20.5 million in 2004, and $11.8 million in the first six months of 2005. Michael Reina, former President of Paradise Shoe Company, has joined Phoenix Footwear as National Sales Manager of the unit, which will be known to the trade as Tommy Bahama Footwear. Covington Associates LLC advised Paradise Shoe Company in connection with the transaction.

Must ReadView All

Pic: Shutterstock

Textiles | On 14th Apr 2021

Sri Lanka to ban fabric imports

Sri Lanka is all set to ban the import of textile fabrics in a bid to ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 14th Apr 2021

Bangladesh apparel exports dip 2.55% in July-March FY21

Readymade garment exports from Bangladesh declined by 2.55 per cent...

Pic: Shutterstock

Textiles | On 14th Apr 2021

US proposal for global minimum corporate tax finds takers in Europe

The idea of a global minimum corporate tax floated by the US has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Verticals like fast fashion won’t completely adopt personalisation on...

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Himanshu Fogla,

Himanshu Fogla

Jumac, pioneers in spinning can manufacturing in India, was founded in...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Laxmikant Rathi,

Laxmikant Rathi

With more than 60 years of experience in the textile industry, Ideal...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj

Samshek is a fashion forward tech brand which combines digital experience...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

April 2021

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

Advanced Search