MYSTERY DEAL FOR LEVI OUTLETS: Casual Male Retail Group Inc., which owns 32 Levi’s and Dockers Outlet stores, said Thursday it had agreed to sell those outlets to an unnamed, privately held buyer for an undisclosed price. Jeff Unger, vice president of investor relations, said the buyer had requested its identity not be revealed, though he conceded it’s likely the publicly traded Casual Male will eventually have to disclose the buyer’s name to the Securities and Exchange Commission. The Canton, Mass.-based company has reinvented itself over the last four years, shutting 74 of its outlets and acquiring the Casual Male chain. Prior to the deal, the company was known as Designs Inc. When the sale of the remaining outlets closes — as is expected by Nov. 24 — Casual Male’s sole business will be large-size men’s apparel.

DELTA TO SELL YARN MILL: Delta Apparel Inc. said Thursday it had agreed to sell its yarn plant in Edgefield, S.C., to Parkdale America, a maker of cotton yarns. The price was not disclosed. Delta said it had also inked a five-year deal with Parkdale to buy yarn produced at the plant, and noted that it would use the proceeds to pay down debt and invest in marketing.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus