USA: Donnkenny, Inc. Announces Acquisition of Ann Travis
Donnkenny, Inc. (Nasdaq: DNKY) today announced that it has entered into arrangements to acquire the business currently being conducted by Ann Travis, Inc. Daniel H. Levy, CEO of the Company, stated that the Company is very excited about its plans to distribute women's large sizes apparel under the Delta Burke label. Mr. Levy commented that this was an exciting step for Donnkenny. After over three years of rebuilding Donnkenny and recently completing significant cost reductions and efficiency changes, Donnkenny is embarking on a program to build its core businesses and pursue a further growth program through strategic acquisitions. Mr. Levy added that while the growth program would start off with modest objectives, it signals a positive change in the Company's direction. Mr. Levy noted that the Ann Travis acquisition would be accretive to earnings within the first six months since Donnkenny's existing back office and sales support could handle much of the increased Ann Travis business. Mitch Winter and Scott Yellin, formerly of Ann Travis, Inc., have agreed to join Donnkenny. Donnkenny designs, manufactures, imports and markets a broad line of women's sportswear. The Company's major labels include Victoria Jones®, Casey & Max®, Pierre Cardin®, and Donnkenny®. Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include a softening of retailer or consumer acceptance of the Company's products or pricing pressures and other competitive factors. These and other risks are more fully described in the Company's 10-K and 10-Q filings with the Securities and Exchange Commission.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Rana Plaza four years on – Timeline of change
- Why collaboration is key to fashion supply chains
- Industry groups reaffirm commitment to Bangladesh
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Adidas to digitalise Speedfactory concept
- Nike filed patent for "reinforced denim"
- M&S extends sourcing deal with Lindsey brothers
- Gap unveils five-year sustainable fibres pledge
- US Q1 in brief – Columbia Sportswear, Amazon
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Outdoor performance apparel 2016: A broader perspective