ROYCE TOO LLC SELLS MAJORITY STAKE TO
Fashion Article Posted May 29, 2008
Fashion Articles Fashion Event Articles Apparel Industry Trade Shows Fashion News Fashion Shopping Articles Fashion Industry Fashion Article Archive Fashion News Articles Celebrity Fashion Women's Hosiery Men's Hosiery
Sale 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 distribution networks.
Royce holds licensing agreements with Dockers,
Nautica, and Nine West
The purchase of Royce, one of the leading hosiery companies in the United States, is another key step in our efforts to expand into the international marketplace, said Tetsuji Okamoto, President of Okamoto Corporation. By 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, Nautica and Nine West. 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.
About Okamoto 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.
You may also have interest in the fashion shopping articles ...
Have you ever dreamed of becoming a fashion designer?