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

Phoenix Footwear buys out Paradise Shoe Company LLC

05
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

Apparel/Garments | On 24th Feb 2020

Myanmar's garment units risk closure due to virus impact

Myanmar's garment factories are facing the risk of shutdown as the...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

GMAC urges EU to restore full EBA rights for Cambodia

Expressing disappointment over the recent European Union (EU)...

Pic: Shutterstock

Apparel/Garments | On 24th Feb 2020

Uzbekistan 3rd biggest garment exporter to Kazakhstan

Uzbekistan exported 10,000 tonnes of apparel to Kazakhstan in 2019,...

Interviews View All

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Alphonse Reddy,

Alphonse Reddy

Bangalore-based Sunday designs and makes mattresses and accessories that...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


February 2020

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


Advanced Search