Tailored clothing brand Jack Victor has purchased certain assets, inventory and trademarks of fellow Canadian resource Riviera Inc., a better trouser maker. Terms were not disclosed.
Under the agreement, Jack Victor will absorb the 90-year-old company’s three labels: Riviera Sport, a weekend-friendly line that retails between $150 and $175; the sartorial Riviera Black collection that includes the brand’s toniest fabrics and sells for more than $200, and the Riviera Blue label, which is priced at less than $200.
The first Riviera goods made and sold by Jack Victor will hit stores for spring 2010. The transaction confirms a report in WWD on May 21.
“This was a wonderful opportunity for us to acquire a well-regarded, quality trouser brand, which has excellent potential for growth,” said Alan Victor, president of Jack Victor.
Two key Riviera executives will join Jack Victor: Franklyn Price as vice president of trouser merchandising, and Dino Di Girolamo, vice president of trouser sales. They will work to develop the Riviera brand as a trouser resource for specialty and department stores.
Jack Victor will continue to make and sell its eponymous trouser collection, but Di Girolamo will now direct that business as well. Riviera will primarily be sold through a separate sales force.
Come August, all Riviera production will be moved to the Jack Victor trouser facility in Montreal, where the company also produces its tailored clothing.
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