TRUE RELIGION OUTERWEAR: Seeking to move beyond premium denim into lifestyle apparel, Los Angeles’ True Religion signed a worldwide licensing agreement with Pash Industries LLC to produce and sell outerwear for men, women and children. New York-based Pash, which owns brands such as Ramosport US, French Coat and Tryst New York, will design and market leather clothing and outerwear made of shearling, down, wool, cotton twill, washed cotton and cotton canvas. Pash plans to begin shipping the line in July. The deal follows True Religion’s announcement in November of its first-ever licensing deals with Italy’s GMI Corp. for footwear, as well as with Bourbon, Mo.-based Paramount Apparel International Inc. for headwear, scarves and gloves.
ANVIL RESTRUCTURES: Apparel maker Anvil Holdings said Wednesday that it has completed a financial restructuring that will eliminate most of its debt and provide significant growth opportunities. The restructuring of its capital structure has removed $200 million in debt and preferred stock in exchange for new equity and warrants. The New York-based company plans to finalize all transactions involved in the restructuring by Feb. 5.
KENNETH COLE MOVE: Kenneth Cole Productions is giving Joshua Schulman, president of the Kenneth Cole New York brand, additional responsibilities for the management of the full-priced retail division. Schulman was hired in October.
This story first appeared in the January 11, 2007 issue of WWD. Subscribe Today.