Hilco Consumer Capital Acquires Apparel Holdings Group.Renamed CJ CJ - Civilian Jeep (first civilian models of the post WWII Willys Jeep) CJ - Criminal Justice CJ - Cable Jack CJ - Cafejam CJ - Caffeine Junkie CJ - Capital Justification CJ - Captain Janeway (Star Trek character) CJ - Carl Johnson (gaming character, GTA: San Andreas) CJ - Cayman Islands CJ - Chairman Joint Chiefs of Staff CJ - Chaminade-Julienne (school in Dayton, OH) CJ - Chief Justice CJ - Chris Jericho (wrestler) Apparel Group, Company to Focus on Building Caribbean Joe(R), Periscope periscope (pĕr`ĭskōp) [Gr.,=view around], instrument to enable a person to see objects not in his direct line of vision or concealed by some intervening body. Its essential parts are a tube, prisms, lenses, mirrors, and an eyepiece.(R) and Other Brands TORONTO -- James Salter, CEO of Hilco Consumer Capital, LLC, ("HCC") today announced the acquisition of New York City based Apparel Holdings Group ("AHG AHG - Ad Hoc Group AHG - American Herbalists Guild AHG - Anti-Human Globulin AHG - Antihemophilic Globulin AHG - Automotive Holdings Group"), a leader in design, manufacture, marketing and distribution of women's, men's, junior and kid's apparel under the Caribbean Joe([R]), Periscope([R]), and Cupid's Cup([R]) trademarks, and other private labels. The acquisition also includes AHG Licensing, Inc., a subsidiary that owns and manages numerous strategic brand licensing agreements in both apparel and non-apparel categories. Terms were not disclosed. Mr. Salter also announced that the go-forward company will be operated as CJ Apparel Group to better reflect the company's identity, and that Mr. Jeffrey Levy has been named as President and Chief Executive Officer. Mr. Levy has over 30 years of management experience in the apparel industry with companies such as Jones Apparel Group and Kellwood. "Hilco's investment in CJ Apparel is based on our strong belief that there is significant additional value in the company and its market-leading brands, Caribbean Joe([R]), Havana Jack's Cafe([R]), Jamaica Bay Jamaica Bay, c.20 sq mi (50 sq km), SW Long Island, SE N.Y., separated from the Atlantic Ocean by Rockaway Peninsula; the Rockaway Inlet links it to the sea. The shallow bay has many islands, and its shores are generally marshy. There is a minimum of water movement, and pollution is a problem. Nearly all of the bay is in the boroughs of Brooklyn and Queens in New York City; since 1950 much of the adjacent area has been reclaimed for housing. John F.([R]), Periscope([R]) and Cupid's Cup([R])," said Mr. Salter. "We look forward to working with Jeff Levy and the CJ Apparel Group team." Numerous senior management professionals within Hilco Consumer Capital will work with Mr. Levy and the leadership of CJ Apparel Group. They include Mr. Salter, who was founder and CEO of Ride Snowboards([R]), Gen-X Sports (which included Tommy Armour([R]), Ram([R]) Golf, Teardrop([R]) putters, Lamar([R]) snowboards, LTD([R]) snowboards, Sims([R]) snowboards, Ultra Wheels([R]) inline skates and Hespler([R]) hockey), GSI Sports, and FGL FGL - Fantasy Golf League FGL - Fiber-Grating Laser FGL - Fifth Generation Language (open source programming language) FGL - Fourth Generation Language (usually seen as 4GL) FGL - Frank G. Lindsey (schools) Wholesale, owner of the Vision Streetwear([R]) and Alien([R]) golf brands. Currently, Mr. Salter is also co-chairman of Collective Licensing International, a brand development and licensing company that now owns many of the aforementioned brand names. Working with Mr. Salter are Stewart L. Cohen, Chief Investment Officer; Kenny Finkelstein, Senior Financial Advisor; Neil Aaronson, Managing Director; Richard Kaye, Chief Marketing Officer; Brandon Bohr Niels Henrik David 1885-1962. Danish physicist. He won a 1922 Nobel Prize for his investigation of atomic structure and radiations. His son Aage Niels Bohr (born 1922), also a physicist, shared a 1975 Nobel Prize for discovering the asymmetry of atomic nuclei. Mr. Cohen has held positions as Chairman of Polaroid Corporation, Chief Executive Officer of Paragon Capital, founding partner of the Ozer Group and Executive Vice President with Gordon Brothers Group. Currently, he sits on the Board of Advisors at Wells Fargo Bank. Mr. Finkelstein has served as CFO and COO of numerous highly-successful business ventures with Mr. Salter. Mr. Aaronson has nearly 10 years of merger, acquisition, investment and general deal-making experience. During his career, Mr. Aaronson has been instrumental in the successful completion of over $4 billion in transactions. Mr. Kaye has more than 35 years of corporate strategic and tactical marketing experience. Mr. Bohr has nearly ten years of merger and acquisition, investment banking and general deal-making experience. Mr. Kaup has documented and closed over one hundred transactions, representing an aggregate asset valuation approaching $1 billion. About Hilco Consumer Capital, LLC Hilco Consumer Capital, LLC ("HCC") is a strategic investor in retailers as well as manufacturers and wholesalers of consumer products with respected brand names. HCC is based in Toronto, Ontario, with offices in New York, Chicago and London, England. HCC is composed of four operating units: Hilco Retail Acquisitions, LLC ("HRA") acquires and operates going concern retail businesses located in North America. Hilco Wholesale Acquisitions, LLC ("HWA") acquires and operates manufacturers and wholesalers of consumer products. The focus is on companies that own and market under one or more highly-recognizable brand names. Hilco Brand Acquisitions, LLC ("HBA") buys intellectual property, generally consumer product brand names with established global awareness and favorable reputations. Hilco Opportunities, LLC ("HO") provides consulting services to retailers, wholesalers and manufacturers, helping them better understand, manage, dispose of and maximize value for their excess and unwanted inventory. Information may be found at www.hilcocc.com. HCC is a unit of The Hilco Organization, an international financial services firm headquartered near Chicago. Hilco is a world leader in the valuation, acquisition, monetization and specialized financing of retail, consumer products and general manufacturing businesses, and business assets. The company is privately owned, and has as minority investor partners Goldman Sachs Group and Cerberus Capital Management. Information may be found at www.hilcotrading.com. |
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