Oxford Industries - Fashion Company Profile

Company Profile

Current brand and investor information is on the Oxford Industries website, linked above; the shop box covers products of Oxford's consumer brands, such as Tommy Bahama and Lilly Pulitzer, sold through Amazon and eBay. The group today looks quite different from the producer described in the dated record on the history page. The private label and licensed menswear and womenswear groups that dominated that record are gone - the history page opens with the first step, the January 3, 2011 sale of Oxford Apparel to LF USA - and Ben Sherman, acquired in 2004 and described at length in the historical record, was sold to Marquee Brands in 2015. In their place stands a portfolio of owned lifestyle brands: Tommy Bahama and Lilly Pulitzer at its head, joined by Johnny Was, Southern Tide, The Beaufort Bonnet Company, Duck Head and Jack Rogers, sold through the brands' own stores and websites, department and specialty stores, and licensing programmes. The constants are the ones the snapshot records: founded in 1942, headquartered in Atlanta, and listed on the NYSE as OXM since 1964.

The headline transaction sits at the top of the historical record, and this rebuild keeps it there with its date attached. Oxford Industries 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. Net cash proceeds were 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 continue to be operated by the company. The group descriptions that follow are labelled in the historical record as the summary prior to that sale, and are kept under the same label here.