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Accessory Network Group to buy out LeSportsac

24 Nov '05
3 min read

"Accessory Network Group LLC and its affiliate company, Brand Science LLC, were strategic acquirers and were ideally positioned both to develop the brand and to provide expanded opportunities for their employees" says Schifter, LeSportsac's Chairman and principal shareholder.

LeSportsac is the leading international brand of affordably priced luxury nylon fashion bags, accessories and luggage.

Known for its design flair and its exciting colors, patterns and fabrications, LeSportsac is sold at leading specialty stores and department stores throughout the world, with a strong customer base in Europe, Asia, and the United States.

Founded in 1974, New York-based LeSportsac revolutionized the accessories industry with the introduction of ripstop nylon bags and luggage.

Accessory Network Group is a privately held, diversified accessories company.

For twenty-three years, ANG has supplied retailers with a broad line of fashion accessories for women, men and children.

Accessory Network Group is recognized as a leader in manufacturing private label and branded accessories.

Accessory Network Group currently holds the licenses to produce accessories for Ghurka, Calvin Klein, So Patricia, and Sag Harbor, and has long term license agreements with entertainment companies including the Walt Disney Company, Warner Brothers and Nickelodeon.

Founded in 1858, and based in Osaka, Japan, ITOCHU Corporation, is a globally integrated corporation with offices in over 80 countries and operations that cover a broad spectrum of industries, including Textile, Machinery, Aerospace, Energy, Food, Chemical and Real Estate Finance.

Having annual revenues approaching USD$100 Billion, ITOCHU is among the world's largest corporations of any type.

Accessory Network Group LLC

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