By  on July 22, 2013

The final pieces of the HMX puzzle are about to fall into place.

W Diamond Group Corp. and Peerless Clothing International are expected to finalize a deal later this week for Peerless, one of the country’s largest tailored clothing manufacturers, to take over the distribution, marketing and sales for the Hart Schaffner Marx label. Under the terms of this deal, Doug Williams, former chief executive officer of HMX and now head of W Diamond, will continue to hold the license for Hart Schaffner Marx and retain ownership of its factory in Chicago.

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