By  on October 24, 2013

Grano Retail Holdings has big plans for Hickey Freeman.

Late Monday, the privately held investment firm finalized its acquisition of all the tangible assets of the Hickey Freeman brand, including its factory in Rochester, N.Y., from W Diamond Group. Under the terms of the deal, which was first reported by WWD in July, Grano signed a 40-year license with Authentic Brands Group, which purchased the Hickey Freeman label as part of its acquisition of HMX Group last year, to produce the brand.

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