JACLYN TO ACQUIRE CERTAIN ASSETS, PROPERTY OF SUSAN GAIL HANDBAGS, INC.
WEST NEW YORK, N.J., Feb. 5 /PRNewswire/ -- Robert Chestnov, president of Jaclyn, Inc. (AMEX: JLN), today announced that the company had entered into an agreement to purchase certain assets and property of Susan Gail Handbags, Inc. Susan Gail Handbags is an importer and distributor of ladies' handbags under the names "Susan Gail" and "Ellen Tracy." The completion of the transaction is subject to compliance with certain contractual conditions. It is presently expected that the transaction will be concluded on or before March 1, 1993. Jaclyn, Inc., is a leading designer, manufacturer and marketer of ladies' handbags and other related products. -0- 2/5/93 /CONTACT: Virginia Piacentini of Jaclyn, 201-868-9400/ (JLN)
CO: Jaclyn, Inc.; Susan Gail Handbags, Inc. ST: New York IN: REA SU: TNM
GK-OS -- NY013 -- 3451 02/05/93 10:28 EST
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|Date:||Feb 5, 1993|
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