Peerless Clothing International has been given the Hart Schaffner Marx men’s tailored clothing license from the brand’s owner, Authentic Brands Group.
Under the terms of the deal, the W Diamond Group will continue to manufacture the collection at its plant in Des Plaines, Ill.
For the past five years, W Diamond had held the license and contracted Peerless to do the merchandising and sales, according to Doug Williams, chief executive officer of W Diamond. He said W Diamond had “manufactured, shipped and invoiced the customers as the licensee and paid Peerless a commission for their services. We collectively decided to move the license to Peerless and W Diamond would continue to manufacture on their behalf.”
Williams added that W Diamond is building a new factory in Des Plaines to replace the existing one. It is expected to begin production in October of this year.
“Over the past five years, ABG, Peerless and W Diamond have continued the heritage of leadership and excellence within the men’s tailored clothing industry, with the support of our customers. With our multi-million-dollar investment, this new partnership will play to each company’s strengths and provide the foundation to continue Hart Schaffner Marx’s leadership position,” Williams said.
Peerless is the current licensee for Hart Schaffner Marx boys tailored clothing, dress shirts, and neckwear.
Jarrod Weber, president of brand for ABG, said: “With the already established relationship between Peerless and Hart Schaffner Marx, we are confident that this expansion will continue to strengthen the success of the brand.”