NEW YORK--(EON: Enhanced Online News)--Kellwood Company, LLC, a leading apparel manufacturer, announced that it has been acquired by a Hong Kong-based investor group for an undisclosed amount.
“We believe that there is tremendous growth potential for Kellwood’s businesses, and this acquisition will allow the company to leverage its existing relationships in Asia to grow its businesses and increase profitability.”
Kellwood Company operates a portfolio of popular brands focused on the women’s and junior’s apparel market. The acquisition includes the My Michelle, Jolt, Rewind, Democracy, Sangria, JAX, and Briggs New York brands, as well as the XOXO apparel license, and Kellwood’s private label business.
In connection with the acquisition, David Falwell has been appointed Chief Executive Officer of Kellwood. Falwell returns to Kellwood where he served as Executive Vice President of Operations until 2013, following a 29-year career at Kellwood and predecessor companies. Caren Belair, a 33-year veteran of Kellwood, will continue as the Company’s President, and Xiaopei Chin, who has been with Kellwood for 10 years, has been appointed President of the Western Region.
“Kellwood is one of the leading apparel manufacturers in the United States, with over 50 years of history at the forefront of the apparel industry,” said David Falwell, CEO of Kellwood. “We believe that there is tremendous growth potential for Kellwood’s businesses, and this acquisition will allow the company to leverage its existing relationships in Asia to grow its businesses and increase profitability.”
“I am also excited to have this opportunity to return to Kellwood to lead a proven management team,” continued Falwell. “Together with a strong investor group that believes in the company’s growth potential, I believe that Kellwood has a bright future and is better positioned than ever to serve its retail partners and consumers.”
Buchalter’s Shareholders Jeffrey Kapor, Jeremy Weitz and Tanya Viner, and their associate Garry Padrta represented the Hong Kong-based investor group in this transaction.
Kellwood Company designs, manufactures, and markets a portfolio of women’s and junior’s fashion brands and private label apparel. Kellwood’s brands cover a broad range of consumer lifestyles including My Michelle, Jolt, Rewind, Democracy, Sangria, JAX, Briggs New York, and XOXO.