An Affiliate of Sun Capital Partners, Inc. Acquires Hanna Andersson LLC, A Leading Multi-Channel Retailer of Lifestyle Branded Apparel for Children and Their Families.PORTLAND, Ore. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that one of its affiliates has acquired Hanna Andersson LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Hanna Andersson"). Formerly, a non-core business unit of Kellwood Company ("Kellwood"), Hanna Andersson will operate as a standalone business unit of Childrenswear, LLC ("Childrenswear"), an affiliate of Sun Capital. Serving customers for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. , Hanna Andersson is a leading multi-channel retailer of lifestyle branded apparel for children and their families. Swedish inspired and made of the finest quality fabrics, Hanna Andersson offers a complete line of products for children, including its iconic long johns long johns pl.n. Informal Long, warm underwear. [From the name John.] long johns Noun, pl Informal long underpants Noun 1. , dresses, outerwear and coordinated accessories. Hanna Andersson operates 23 premium retail stores and six outlet stores, as well as an internet site and a catalogue (considered the #1 standalone children's apparel catalogue in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ). For more information, please visit www.hannaandersson.com. "We are very pleased to join the family of Sun Capital affiliates. Hanna Andersson enjoys a well-deserved reputation for uncompromising quality, unique products, and great service. As a standalone entity, Hanna Andersson will be better able to focus on improving our products and expanding channel opportunities, as well as moving quickly in a challenging retail environment. Our management team is excited about our new relationship and looks forward to continuing to provide moms with fun products that let 'kids be kids'," stated Philip Iosca, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Hanna Andersson LLC. Christopher H. Thomas, Vice President, Sun Capital Partners, Inc. added, "The acquisition of Hanna Andersson allows the Company, as a standalone entity, to pursue its own strategic objectives and focus on building its brand whether through its industry-leading catalogue and internet site or through the expansion of its retail store network. We look forward to working with Hanna Andersson's management team." About Kellwood Company Kellwood Company ("Kellwood") is a leading women's apparel marketer. Specializing in branded products, Kellwood markets to all channels of distribution with products tailored to each specific channel including: Baby Phat Baby Phat is an urban fashion line of clothing and other items for women and girls designed by Kimora Lee Simmons. Besides clothing, the brand also includes accessories for phones, jewelry, shoes and clothes. It is the corporate "sibling" of the clothing brand Phat Farm. [R], Phat Farm Phat Farm is an urban fashion line created by Russell Simmons, the founder of Def Jam (later sold by him in 2004 for $140M), in 1992. The brand is fairly expensive and worn for fashion instead of sport. [R], Vince[R], Sag Harbor Sag Harbor A village of southeast New York on the eastern end of Long Island on an inlet of Long Island Sound. A major whaling port in the early 19th century, it is today primarily a resort. Population: 2,360. [R], Briggs New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of [R], My Michelle[R], and Jolt[R] as well as licensed brands XOXO XOXO Hugs and Kisses XOXO Extensible Open Xhtml Outlines XOXO XO Communications, Inc. (former stock symbol) [R] and David Meister[R]. For more information, visit www.kellwood.com. About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed 200 companies worldwide with combined sales in excess of $40.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Tokyo, Shanghai and Shenzhen. For more information, please visit: www.SunCapPart.com. MEDIA CONTACTS: HANNA ANDERSSON LLC Phillip Iosca President and CEO Hanna Andersson LLC 1010 NW Flanders Street Portland, OR 97209 503-242-0920 STANTON CRENSHAW COMMUNICATIONS Alex Stanton President and CEO Stanton Crenshaw Communications 460 Park Avenue New York, NY 10022 212-780-1900 alex@stantoncrenshaw.com |
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