Phoenix Footwear Group Inc has announced the acquisition of the assets of the Paradise Shoe Company LLC, which licenses the Tommy Bahama line of men's and women's footwear, hosiery and belts.

In line with the acquisition - effective today - Phoenix Footwear has also signed an exclusive license agreement with the Tommy Bahama Division of Oxford Industries Inc.

The deal allows Phoenix Footwear rights to design, manufacture and distribute the Tommy Bahama line of men's and women's footwear, hosiery, belts and men's small leather goods and accessories.

Michael Reina, former president of Paradise Shoe Company, has joined Phoenix Footwear as national sales manager of the unit, which will trade under the name Tommy Bahama Footwear.

James Riedman, chairman of Phoenix Footwear, commented: "Today's acquisition and licensing agreement adds another profitable lifestyle brand with strong brand recognition to our wearables portfolio.

"It is a perfect strategic fit with our recent Chambers Belt acquisition, providing us with an upmarket lifestyle brand for independent specialty and better department store distribution."

Paradise Shoe Company, through its exclusive license of Tommy Bahama footwear, hosiery and belts, posted full-year sales of $20.5 million in 2004, and $11.8m in the first six months of 2005.

Phoenix Footwear Group Inc designs, develops and markets a diversified selection of men's and women's dress and casual footwear, belts, personal items, outdoor sportswear and travel apparel under brands including Trotters, SoftWalk, Strol, HS Trask, and Altama footwear lines, and the Chambers accessory and Royal Robbins apparel lines.