Going vertical. (Retail).Tarrant Apparel Group, one of L.A.'s largest apparel manufacturers, plans to buy a twill twill One of the three basic textile weaves (see weaving), distinguished by diagonal lines. In the simplest twill, the weft crosses over two warp yarns, then under one, the sequence being repeated in each succeeding shot (row), but stepped over, one warp either to the mill in Tlaxcala, Mexico. Tanant is buying the mill from Trans Textil International and Inmobiliaria Cuadros for $4 million in cash, 3 million new shares of Tarrant Apparel common stock, a 25 percent equity stake in Tarrant's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Tarrant Mexico, cancellation of some notes and an unspecified Adj. 1. unspecified - not stated explicitly or in detail; "threatened unspecified reprisals" specified - clearly and explicitly stated; "meals are at specified times" amount in accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . The company has several plants in Mexico and expects the purchase to be completed by the end of the year. |
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