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A key strategy to the success of Oxford is to
attract and retain superior people. Theye
do this by providing their employees with
consistent and equitable compensation and work environment, and
exceptional growth opportunity through training and promotion from
within. They endeavor to understand and
provide for such individual goals as self-expression, creativity,
and contribution in their work
environment. Theye also believe that
their superior people are the foundation
of their company's reputation for
integrity and reliability, and they are
committed to protecting and continually strengthening
their reputation in the
industry and with consumers. View the
Oxford
Profile here at Apparel Search.
Oxford Industries, Inc. announced that on January 3, 2011 it
consummated its previously announced sale of substantially all of
Oxford Apparel, one of its operating groups, to LF USA, a subsidiary
of Li & Fung Limited. The net cash proceeds are
expected to be in excess of $95 million after the collection of
retained accounts receivable, the sale of in-transit inventory to LF
USA and the payment of retained liabilities, transaction expenses
and income taxes. The Company's Oxford Golf business and a
distribution center in Lyons, GA, which were part of Oxford Apparel,
were not included in the transaction and will continue to be
operated by the Company. |