Hilco Consumer Capital Acquires Apparel Holdings Group.Renamed CJ 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 (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. of Hilco Consumer Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , ("HCC HCC Hepatocellular Carcinoma (liver cancer) HCC Hertfordshire County Council (administrative region of south eastern England UK) HCC Harford Community College (Maryland) ") today announced the acquisition of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. based Apparel Holdings Group ("AHG AHG antihemophilic globulin (coagulation factor VIII). AHG abbr. antihemophilic globulin AHG antihemophilic globulin (clotting factor VIII). "), 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 Jones Apparel Group, Inc., a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The company also markets directly to consumers through our chain of specialty retail and value-based stores, and operates the Barneys New 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([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 LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability ([R]) snowboards, Sims([R]) snowboards, Ultra Wheels([R]) inline skates and Hespler([R]) hockey), GSI GSI - Gensym Standard Interface Sports, and FGL 1. FGL - Flow Graph Lisp. A distributed dataflow language for AMPS (Applicative Multi-Processing System). "A Loosely-Coupled Applicative Multi-Processing System", R. Keller et al, NCC, AFIPS June 1979, pp.613- 622. 2. FGL - Function Graph Language. Related to FEL. 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 cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Chief Investment Officer; Kenny Finkelstein, Senior Financial Advisor; Neil Aaronson, Managing Director; Richard Kaye, Chief Marketing Officer; Brandon Bohr, Vice President; and, Eric Kaup, Legal Counsel. 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 See Chief Financial Officer. 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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