LEE BUYS FULL OWNERSHIP OF ITS MEXICAN PLANT
NEW YORK — The Lee Apparel Co. has taken control of its Mexican operation and plans to aggressively build that market with a focus on the women’s business.
Lee, based in Merriam, Kan., has had an agreement with Grupo Lee de Mexico for nine years to manufacture the Lee and Riders brands for Mexican distribution and in January formed a joint partnership with them.
On Nov. 1, Lee purchased the remaining shares from Grupo Lee for full ownership.
Lee plans to keep the current executive staff in place, including director general and chief executive officer Michael McEntire, and will continue to operate the subsidiary under the Grupo Lee de Mexico name.
Lee’s total volume in Mexico is about $20 million.