DONNKENNY, INC. COMPLETES ACQUISITION OF BELDOCH INDUSTRIES AND REVISION OF ITS CREDIT FACILITIES.NEW YORK--(BUSINESS WIRE)--June 6, 1995--Donnkenny, Inc. (Nasdaq:DNKY) announced today that it has completed the acquisition of Beldoch Industries Corporation, a women's knitwear knit·wear n. Knitted garments. knitwear Noun knitted clothes, such as sweaters Noun 1. company. Terms were not disclosed. Beldoch Industries Corporation, based in 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 , designs, manufactures and markets moderately and better priced women's knitwear under the Beldoch-PopperR, AlberoyR, KnitmakersR and Pierre CardinR labels. It also has a licensing agreement to sell women's apparel under the Pierre CardinR label. Beldoch's customers include department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. retailers and specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" . Separately, the Company announced that Chemical Bank has revised its line of credit to $85 million from $35 million. This money will be used for working capital purposes. Donnkenny, Inc. designs, manufactures and markets moderately-priced women's sportswear to chains and specialty stores; Mickey & Co. products featuring men's and women's sportswear and girls' sizes 7-14 to specialty stores and major department stores; as well as Flirts sleepwear and intimate apparel under the Warner Brothers/Looney TunesR licenses to mass merchants. Its products are sold nationwide to approximately 24,000 stores, representing approximately 9,000 individual operations and retail groups. CONTACT: Donnkenny Inc. APPROVED BY: Ed Creevy Chief Financial Officer 212/730-7770 Ext. 3039 or Investor Relations Investor relations The process by which the corporation communicates with its investors. : Amy Weisman/Howard Zar/ Stacey Herschaft Press: Lisa Bradlow Morgen-Walke Associates 212/850-5600 |
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