Hilco Consumer Capital LLC has acquired Apparel Holdings Group, manufacturer of women's, men's, juniors and children's apparel under such labels as Caribbean Joe, Periscope and Cupid's Cup.
The New York-based vendor, which does more than $200 million in wholesale volume annually, will be renamed CJ Apparel Group. The acquisition also includes AHG Licensing Inc., a subsidiary that owns and manages strategic brand licensing agreements in apparel and non-apparel categories.
Hilco Consumer Capital is a Toronto-based investor in retailers, manufacturers and wholesalers of consumer products.
Jeffrey Levy will take over as president and chief executive officer of CJ Apparel. Levy has more than 30 years' experience in the apparel industry with firms such as Jones Apparel Group and Kellwood Co. Ken Sitomer, the current president of Apparel Holdings, could not be reached for comment.
"Hilco's investment in CJ Apparel is based on our strong belief that there is significant additional value in the company and its market-leading brands, Caribbean Joe, Havana Jack's Café, Jamaica Bay, Periscope and Cupid's Cup," said James Salter, ceo of Hilco. "We look forward to working with Jeff Levy and the CJ Apparel Group team."
Salter founded Ride Snowboards, Gen-X Sports, GSI Sports and FGL Wholesale, owner of the Vision Streetwear and Alien golf brands. Salter is also co-chairman of Collective Licensing International, a brand development and licensing firm that owns many of the aforementioned brand names.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)