| Log in

S Kumars Acquires US Clothing Firm Hartmarx Corp For $120 Million

27 June, 2009

Textile manufacturer S Kumars Nationwide has acquired US clothing company Hartmarx Corp for about $120 million, the company said in a notice to stock exchanges on Saturday.

The company acquired Chicago-based Hartmarx through its US subsidiary SKNL North America BV, along with its operating partner Emerisque UK, the company said. SKNL will directly be investing $35 million into this transaction, it added.

“This acquisition will add tremendous value to S.Kumars Nationwide group as Hartmarx is the largest formalwear clothing company in the US and directly owns and/or controls (through licenses) 34 clothing brands,” the company said.


Leave Your Comment
S Kumars Leads Race To Acquire Barack Obama's Tailor

S Kumars Leads Race To Acquire Barack Obama’s Tailor

Madhav A Chanchani 8 years ago
Textile major S Kumars Nationwide Ltd (SKNL) is close to acquiring the tailor of...
News Roundup: Big FM to List in Two Months

News Roundup: Big FM to List in Two Months

TEAM VCC 8 years ago
Big FM to List in Two Months – To infuse funds for its business expansion...
S Kumars Raises $50M In QIP, Targets $250M IPO For Unit

S Kumars Raises $50M In QIP, Targets $250M IPO For Unit

TEAM VCC 7 years ago
S Kumars Nationwide Limited (SKNL), a  leading Indian textile and apparel...
No Comments

S Kumars Acquires US Clothing Firm Hartmarx Corp For $120 Million

Powered by WordPress.com VIP