USA: Oxford Pays $325m For Tommy Bahama
Apparel producer Oxford Industries Inc on Monday announced plans to buy the owner of the Tommy Bahama brand, Viewpoint International Inc, for up to $325 million in cash, common stock and contingent payments. The Georgia-based company said the deal, which is expected to close in June, will see it acquire the Seattle-based operator of 30 Tommy Bahama retail stores which sell "beach lifestyle" apparel as well as sportswear and swimwear.