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.
- Below Summary is prior the sale to Li &
Fung in January 2011
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 https://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
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
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
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
Learn more about Oxford
Industries at the Oxford Industries website.
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