Home / Knowledge / News / Textiles / Samuelsohn to acquire Hickey Freeman's clothing assets
Samuelsohn to acquire Hickey Freeman's clothing assets
23
Oct '13
Samuelsohn, the premium menswear brand based in Montreal, finalized its acquisition of the Hickey Freeman clothing assets, license and Rochester manufacturing facilities.

With the close of this landmark deal, the company becomes the largest manufacturer of luxury tailored clothing that is truly made in North America. Samuelsohn has been growing at an incredible pace over the past three years with its new management team, and by next year, is projected to be four times larger than in 2010.

"We are delighted to complete this acquisition and focus on working with the great employees of Hickey Freeman to grow the business," said Stephen Granovsky, CEO of Samuelsohn's parent company and acquirer Grano Retail Holdings.  "We believe in this industry and continue to search for opportunities to expand our footprint in luxury men's apparel."

As part of the deal, Samuelsohn has acquired all of Hickey Freeman's tangible assets, including the legendary Rochester factory, from W. Diamond Group, and will enter into a 40-year license agreement with Hickey Freeman brand owner Authentic Brands Group, LLC (ABG).

"We couldn't think of a better guardian for the Hickey Freeman brand than the team at Samuelsohn and we are very pleased to have them as our core Hickey Freeman licensee for the next forty years," said Jamie Salter, Chairman and CEO of ABG.

Granovsky will serve as CEO of Hickey Freeman Tailored Clothing ("HFTC"); Arnold Brant Silverstone has been appointed President and Chief Creative Officer and Alan Abramowicz will likewise expand his role to include President and Chief Operating Officer of HFTC.  All key management positions at Hickey Freeman have been retained and Silverstone expects to make key hires in the next couple of months in marketing and sales.

The company, which estimates that under their leadership Hickey Freeman will experience as much as 50% growth in the next three to five years, first announced the pending deal at their 90th anniversary event in New York City in July co-hosted by New York State Senator Charles Schumer and philanthropist Petra Nemcova.

Samuelsohn


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2021

11 European nations seek ambitious measures to tackle waste in textile

Eleven European countries—Austria, Belgium, Denmark, Finland, France, ...

Pic: Shutterstock

Textiles | On 19th Oct 2021

Industrial units in Vietnam’s HCM City hit by labour shortage

Several Vietnamese industries, especially labour-intensive ones like...

Pic: German Embassy Phnom Penh

Textiles | On 19th Oct 2021

Consortium comprising GIZ, others to address textile waste in Cambodia

An international consortium initiated by Deutsche Gesellschaft für...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

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

Footwear Industry, Footwear Retailers

Footwear Industry
Footwear Retailers

Still struggling to mop up higher sales

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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


October 2021

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


Advanced Search