NEW YORK — Acquisition hungry Kellwood Co. added another brand to its portfolio Tuesday, buying moderate pants and skirts maker Briggs New York Corp., which had sales of $200 million last year.
Hal Upbin, chairman, chief executive officer and president of Kellwood, a $2.3 billion apparel conglomerate firm, said he has long admired the 30-year-old Briggs firm as a leading bottoms manufacturer. Kellwood’s two existing moderate brands are Sag Harbor and Koret. Upbin declined to comment on the purchase price.
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