SKNL North America and Emerisque Brands Completes Acquisition of Hartmarx Assets From Bankruptcy
CHICAGO, Aug. 7 /PRNewswire/ -- SKNL NA and Emerisque Brands announced today that they have completed the acquisition of assets of Hartmarx from bankruptcy under the newly formed Hartmarx Operating Company LLC.
"We are delighted to have completed this acquisition. This is an important step forward towards our ambition of being "clothiers to the world," said Chairman of SKNL and the new Hartmarx, Nitin Kasliwal.
"We thank our customers, partners and employees for supporting Hartmarx throughout the long and complicated transaction period and want to let them know we are committed to being a strong partner, dedicating the resources and expertise necessary to honor Hartmarx's heritage and realize its potential," said Ajay Khaitan, founder of Emerisque and Vice Chairman and CEO of the new Hartmarx. "Although we still face hard work and difficult decisions in the months ahead, we believe that the best days for the Company are ahead."
About Hartmarx Operating Company LLC
Hartmarx is a privately-held U.S.-based company with more than thirty brands and labels serving the diversified apparel industry. It is a leading supplier of high-value men's tailored clothing and formal wear under its own iconic brands Hickey Freeman, Hart Schaffner Marx and Coppley and under other leading brands. Its men's and women's sportswear and lifestyle brand portfolio includes names such as Bobby Jones, Jack Nicklaus/Golden Bear, Simply Blue, Exclusively Misook and Monarchy. North American hubs of tailored clothing manufacturing are located in Illinois, New York and Canada.
