Oxford Industries company profile on 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.

History - Below Summary is prior the sale to Li & Fung in January 2011

Oxford Industries, Inc. is a producer and marketer of branded and private label apparel for men, women and children. Oxford provides retailers and consumers with a wide variety of apparel products and services to suit their individual needs. Oxford's brands include Tommy Bahama®, Indigo Palms®, Island Soft®, Ben Sherman®, Arnold Brant®, Ely and Walker® and Oxford Golf®. The Company also holds exclusive licenses to produce and sell certain product categories under the Tommy Hilfiger®, Nautica®, Geoffrey Beene®, Slates®, Dockers®, and Oscar de la Renta® labels. Oxford's customers are found in every major channel of distribution including national chains, specialty catalogs, mass merchants, department stores, specialty stores and Internet retailers.

The Tommy Bahama Group is a lifestyle company that defines elegant tropical living with men's and women's sportswear, denim, swimwear, accessories and a complete home furnishings collection. Tommy Bahama produces two additional collections under the Indigo Palms and Island Soft brands. Tommy Bahama products can be found at the country's finest retailers as well as in more than forty-five company-owned retails stores across the country. For more details, please visit www.tommybahama.com.

The Oxford Menswear Group is a leading producer of branded and private label dress shirts, sport shirts, dress slacks, casual slacks, suits, sportcoats, suit separates, walkshorts, golf apparel, jeans, swimwear, footwear and headwear. Owned brands include Ben Sherman, Oxford Golf, Ely, Cumberland Outfitters and Cattleman. We also hold exclusive licenses to produce and sell certain product categories under the following brand names: Tommy Hilfiger, Nautica, Oscar de la Renta, Geoffrey Beene, Slates, Dockers, Cubavera, Havanera and Evisu. For more details on the Menswear Group's tailored clothing division, Lanier Clothes, please visit http://www.lanierclothes.com.

Also included in the Menswear Group is Ben Sherman, a London-based designer, distributor and marketer of branded sportswear, accessories and footwear. Acquired by Oxford in 2004, Ben Sherman has a long heritage as a modern, young men's shirt brand that has evolved into an irreverent global lifestyle brand for youthful-thinking men and women. Distribution has evolved beyond its U.K. roots to include the United States, Canada, Continental Europe, Australia and the Far East. For more details, please visit http://www.benshermanusa.com and http://www.bensherman.co.uk.

The Oxford Womenswear Group is a major producer of budget and moderately priced private label women's apparel for mass merchant and catalog retailers. Products include sportswear separates, coordinated sportswear, outerwear, dresses and swimwear.

Oxford's stock has traded on the NYSE since 1964 under the symbol OXM

Oxford Industries supports numerous charitable organizations through its administration of the Oxford Foundation. The mission of Oxford Industries Foundation, Inc. is to enhance the quality of life in the business community through its support of human services, cultural, educational and health-related organizations. The Foundation recognizes that the well-being and prosperity of the business environment is bound together with the well-being and prosperity of the community as a whole. Therefore, the Foundation directs its contributions toward advancing the public welfare, helping ensure a sound social structure and supporting employee participation in the giving process. The Foundation does not view its philanthropy as charity but rather as an investment in a better society.

Learn more about Oxford Industries at the Oxford Industries website.

Oxford Industries Profile posted by Apparel Search September 27, 2007, updated January 2011.

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