USA: Candie’s Acquires Bongo Jeans Business
Marketer of young women's shoes and apparel, Candie's Inc, yesterday posted a small full-year profit and announced it had agreed to buy Bongo jeanswear licensee Unzipped Apparel LLC. In a statement, Candie's said full-year operating income, before non-recurring items, was $0.2 million, or 12 cents a share, versus a loss of $4.5m, or 43 cents a share, in the prior year.