to Japan's Largest Hosiery Company Will Expand
Royce's Business Opportunities
Royce Too LLC today announced that it has sold a
majority stake of the company to Okamoto
Corporation, Japan's largest specialized hosiery
producer. The transaction will provide Royce
with new opportunities to expand into the
private label and specialty brand businesses
while offering Okamoto a foothold into the U.S.
market through Royce's extensive marketing and
Royce holds licensing agreements with Dockers
, and Nine West
and supplies leg wear
to national chain stores such as Belk, Bon-Ton,
Fred Meyers, JC Penney, Kohl's, Macy's, Mervyns
and Sears. Okamoto is expecting to sell the
Cross Pro brand of athletic and outdoors socks
as well as its other proprietary brands and
products through the Royce Too sales and
In addition to generating additional sales of
our current licensed products, our partnership
with Okamoto will provide us with new
opportunities to widen our distribution base in
both the private label and specialty brand
said Bob Boglioli, President and
CEO of Royce Too.
We are excited to be working
with Okamoto and look forward to offering their
top-selling brands to our customers.
purchase of Royce, one of the leading hosiery
companies in the United States, is another key
step in our efforts to expand into the
Okamoto, President of Okamoto Corporation.
combining our technical and product development
skills with Royce's wide-ranging sales channels,
we will be able to build new relationships and
market our products more effectively.
About Royce Too
Royce, founded in 1949, has an extensive 59-year
history of experience and achievement in the
hosiery industry. Among the national brand
licenses Royce holds are Dockers
. In addition, the company supplies
leg wear to a wide range of national chain
stores including Belk, Bon-Ton, Fred Meyers, JC
Penney, Kohl's, Macy's, Mervyns and Sears
Kohl's. Royce Too is based in New York City.
Corporation Okamoto Corporation, based in
Nara, Japan, is an integrated sock manufacturing
company, offering a wide range of athletic and
fashion socks and hosiery for men, women and
children. Okamoto has strong product development
capabilities, enhanced by its own fiber and
knitting machine, generated by its R&D group.
Supported by its own factories in China,
Thailand, and Japan, Okamoto has an extensive
production network in Asia, providing clients
with high-quality products in a timely manner.
Okamoto currently sells 125 million pairs of leg
wear per year.