US: Kenneth Cole completes acquisition of Kenneth Cole Productions
Kenneth Cole has completed the acquisition of his eponymous clothing and footwear brand Kenneth Cole Productions.
Cole, who held an approximately 46% stake in the company, acquired the company through KCP Holdco, an entity he controls and that was formed for the purposes of the acquisition.
Shareholders, excluding Cole and his affiliated entities, will receive $15.25 per share in cash.
When Cole made the offer, he said the transaction would ensure the company has the flexibility and structure to "successfully navigate our market environment in the years to come" as recent market changes have created a "sharply competitive landscape".
"I believe it is now more important than ever to embrace a more entrepreneurial perspective where we are all incentivised to grow and develop our company's products, brand and business with a longer-term perspective."
Fifth & Pacific Companies has reiterated its commitment to its struggling Juicy Couture brand as the apparel firm outlined its goals and priorities for 2013....
Sportswear brand Vince is reportedly exploring an initial public offering (IPO) later this year. ...
Reliance Retail, the retail arm of industrial conglomerate Reliance Industries, has booked an increase in nine-month sales....
- Supply chain takeaways from Sourcing at MAGIC
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- What's 3D-printing doing for apparel and footwear?
- Labelling – The importance of the fine print
- H&M takes action over Myanmar child labour breach
- Vietnam garment industry calls for strategy update
- US Q2 in brief - Burlington Stores, Destination XL
- Zara USA faces US$5m deceptive pricing lawsuit
- EU clothing imports from China continue to plunge
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Myanmar's Garment Sector in 2015 - now with updated members' directory