>>
Home / Knowledge / News / Fashion / Accessory Network Group to buy out LeSportsac

Accessory Network Group to buy out LeSportsac

24
Nov '05
Diversified accessories company, Accessory Network Group LLC announced that its affiliate company, Brand Science LLC, signed a contract to acquire LeSportsac Inc, in alliance with Itochu Corporation, a Japanese conglomerate, for an undisclosed amount.

Brand Science is wholly owned by Abe Chehebar, CEO of Accessory Network Group, and Ken Landis, COO of Accessory Network Group.

LeSportsac, Inc, founded in 1974 by Sandra Stetson Schifter, and her late husband Melvin, is the leading international brand of affordably priced luxury nylon fashion bags, accessories and luggage.

The acquisition includes a strategic alliance between Brand Science and Itochu Corporation.

Brand Science, will oversee global operations of LeSportsac Inc including branding, advertising, public relations, marketing, design, product development, production, and sales.

Brand Science will continue to service directly the existing markets in North America, South America, Europe and the Middle East.

Itochu will distribute the LeSportsac product line throughout the Asian and Mid-Pacific territories. Brand Science is entering into a service agreement with Itochu to provide services to the Asian and MidPacific territories and will work closely with Itochu in building the LeSportsac brand in these markets.

"They are thrilled to be in alliance with Itochu for this acquisition" says Brand Science CEO, Abe Chehebar.

"They see tremendous opportunities to build on the strong brand equity of this lifestyle brand, expand into new markets, launch additional retail locations and introduce new categories."


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jan 2022

New US legislation to fix import loophole, boost oversight unveiled

Earl Blumenauer, chairman of the US House of Representatives ways and ...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

China’s garment industry earned $209 bn in revenue in Jan-Nov 2021

About 12,659 garment companies of China earned a combined operating...

Pic: Shutterstock

Apparel/Garments | On 25th Jan 2022

AmCham says RCEP aligns with economic reforms in Philippines

AmCham Philippines has joined the call for the immediate concurrence...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Mumin Can Eker,

Mumin Can Eker

Maseksport Inc is a readymade garment exporter. Founded in Izmir in 1989,...

Zayed Moyeen,

Zayed Moyeen

Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

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

ESTEEMED CLIENTS

Tommy Hilfiger
Lenzing Aktiengesellschaft
KAS Direct Sourcing
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Gap International Sourcing Limited
Abit
Guess Europe Sagl,
Aramark Uniform ;& Career Apparel, LLC
Eastman Chemical Company
MAS Active / MAS Kreeda / MAS Bodyline
Esprit Europe Services GmbH
Reiter India Private Limited
Bluestem Global Sourcing Limited
Aquarelle Clothing Limited
IKEA of Sweden AB
Maceton Limited
Varner AS Retail
SYNERGIES HONG KONG LIMITED
Truetzschler India Private Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Huntsman (Singapore) Pte Ltd
Gokaldas Exports Limited
C;&A Sourcing International Ltd
SHAHI Exports Pvt Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Seasalt Limited
Recron Polyester from Reliance Industries Limited
Babyshop
John Varvatos
Calvin Klein
Grasim Industries Limited
Rosset ;& Cia Limited
Boardriders Asia Sourcing Limited
PVH Corporation
International Textile Manufacturers Federation
Restoque S.A.
Vianney Textil Hogar S.A. De C.V.
Rayonese Textile Inc., Division de Culp Inc.
Alix Partners
Arvind Limited
Chico’ FAS
LC Waikiki
Permoda(Koaj/Armi/Pronto/Bkul)
Cat Tuong Real Estate Group Joint Stock Company
BIANCA
Sportmaster Ltd.
The Top Form Brassiere Manufacturing Company Limited
Tory Burch Hong Kong Ltd
Landmark Group
G-Star Raw C.V.
The LYCRA Company Singapore  Pte. Ltd
Under Armour Global Sourcing Ltd
Green Fibre
Lisa S.P.A.
Amazon China
Page Industries Limited (Bangalore)
Brandix Lanka Limited
Lululemon Athletica Inc
Midas Clothing Limited
Helly Hansen Far East Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Sainsbury's Argos Asia Limited
Phong Phu international JSC (PPJ)
Target Corporation (MN)
Groz-Beckert East Asia LLP
Lifestyle
Hirdaramani International Export Private Limited
Asos
J ;& P Coats
Etam Group Strategy Hong Kong Limited
T.T. Limited
Hela Clothing Pvt Ltd
Desigual - ABASIC, S.A.
IDH – The Sustainable Trade Initiative
NITI Aayog
Lacoste (Wanchai)
Splash
Tchibo GmbH
Gatsby Africa
Gloria Jeans
Puma
Chori Company Limited
Benetton Group
Walmart
KIABI
Sportswear Company Spa
Alison Hayes Romania
Decathlon
BIMBA ;& LOLA SL

January 2022

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


Advanced Search