SKNLS. Kumars Nationwide, Ltd. (India)
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SKNL, which turned over pounds 667m last year, bought Hartmarx Corporation, an occasional tailor to President Obama, in partnership with British investment firm Emerisque Brands.
Since then, SKNL has seen a sharp rise in its fortunes with net profit growing every quarter.
In May this year, SKNL entered into a licensing agreement to design, source, manufacture and distribute the entire range of DKNY menswear across the world, except Japan.
This is an important step forward towards our ambition of being "clothiers to the world," said Chairman of SKNL and the new Hartmarx, Nitin Kasliwal.
They initially traded in textiles, but moved into manufacturing in 1975, before SKNL (S.
However, reports have suggested that one of the three is Indian firm SKNL and another is Pakistani textile mogul Alshair Fiyaz.
LONDON and CHICAGO, June 2 /PRNewswire/ -- Emerisque and its partner SKNL North America ("the Purchasers") are pleased that the United States Bankruptcy Court in the District of Chicago has today approved the motion by Hartmarx Corporation selecting them as the stalking horse bidder.