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CHAUSCatholic Health Association of the United States
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Established inl975, Bernard Chaus is a fashion accessories company for women.
designs, arranges for the manufacture of and markets an extensive range of women's career and casual sportswear principally under the VINCE CAMUTO, JOSEPHINE CHAUS, JOSEPHINE, JOSEPHINE STUDIO, CHAUS, CHAUS SPORT, CYNTHIA STEFFE, SEAMLINE CYNTHIA STEFFE and CYNTHIA CYNTHIA STEFFE trademarks and under private label brand names.
Josephine Chaus added, "We are excited about working with the China Ting team and infusing our brands with the benefit of China Ting's broad based product development resources, strong manufacturing capabilities and supply chain efficiency.
Chau and her husband have owned the China Station Restaurant for 12 years, relying mostly on Asian tourists for their living.
Using the system, Chaus can quickly spot fast selling items, shift products between stores, adjust pricing and make in-season adjustments based on proven consumer demand.
The special committee of independent directors of Chaus, after having received a fairness opinion from its financial advisor, unanimously recommended to the board of directors of Chaus that the merger agreement be approved; and the board then approved the transaction.
Under the women's sportswear agreement, Chaus will produce and distribute Kenneth Cole Reaction women's sportswear, which will be sold nationwide at major retail department stores and select specialty stores.
designs, sources and markets an extensive range of women's career and casual sportswear, principally under the Josephine Chaus Collection, Josephine Chaus Studio, Josephine Chaus Essentials and Josephine Chaus Sport trademarks.
I welcome this opportunity to build on what Josephine Chaus and her colleagues have already accomplished in their effort to position Chaus for the future," said Andrew Grossman.
Josephine Chaus, Chairwoman and Chief Executive Officer, said, "We have entered fiscal 2009 with a focus on best positioning our Company in the current environment, while continuing the strategies we have underway to build our business over the long term.
Prime tenants include the Metropolitan Transit Authority, Bernard Chaus Inc.
Miller, formerly Crisis Manager of USA Classic, has been named Executive Vice President, Finance and Administration and Chief Financial Officer of Bernard Chaus, Inc.