Centric Brands Acquires Hosiery Division of Daytona Apparel Group

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NEW YORK–(BUSINESS WIRE)–Centric Brands LLC. (“Centric” or the “Company”) today announced the strategic acquisition of a division of Daytona Apparel Group, a portfolio of retail brands owned by Windsong Brands, which closed on March 24and of this year. Centric will take full ownership of Daytona Apparel Group’s hosiery division, which sells products from multiple brands in stores nationwide. Daytona Apparel will continue to independently operate its other categories.

The acquisition will be merged with Centric’s growing accessories division headed by Jarrod Kahn, Group President, Accessories. The addition of Daytona’s hosiery business expands Centric’s retailer relationships and its private label and licensed businesses. The acquisition also adds diversity and scale to Centric’s portfolio with new untapped brands, strong recurring year-round replenishment activities and an expanded diverse sourcing model. As part of the transaction, Centric will assume new license agreements, including Stanley, Free Country, Real Tree and Umbro. In addition, a number of associates from Daytona’s hosiery team will join Centric and report to Abe Dweck, executive vice president, Accessories.

“Centric’s strategic growth is fueled by our expertise in products, operations and relationships. Acquisitions that help accelerate growth are very attractive to us. Our scale and competitive advantage in the accessories market benefit from this transaction,” said Jason Rabin, President and CEO of Centric Brands. “We welcome new members to our team and look forward to continuing to provide the best products and service to our customers.”

About Centric Brands LLC.

Centric Brands LLC. is a global collective of leading lifestyle brands with unparalleled expertise in product design, development and supply, retail and digital commerce, marketing and brand building. Centric designs, researches, markets and sells high quality products in the apparel, accessories, beauty and entertainment categories for children, men and women. The company’s portfolio includes licenses for more than 100 iconic brands, including Calvin Klein®, Tommy Hilfiger®, Nautica®, Spyder® and Under Armour® in the children’s category; Joe’s Jeans®, Buffalo®, Hervé Léger® and IZOD® in the men’s and women’s clothing category; Coach®, Kate Spade®, Michael Kors®, All Saints®, Frye®, Timberland®, Hunter® and Jessica Simpson® in the accessories category; and in the entertainment category, Disney®, Marvel®, Nickelodeon® and Warner Brothers® among many others. The Company also owns and operates Zac Posen®, Hudson®, Robert Graham®, Avirex®, Fiorelli® and Taste Beauty® and operates a joint venture brand, Favorite Daughter, with Sara and Erin Foster. The Company’s products are sold through major mass-market retailers, specialty stores and department stores, as well as online. The company is headquartered in New York, US offices in Los Angeles and Greensboro, and international offices in London, Toronto and Montreal. Centric Brands’ social impact efforts are centered on our commitment to serve and uplift the communities in which we live and do business. Through our volunteerism and collective contributions, we are committed to having a caring and lasting impact on the world around us.

For more information about Centric Brands, please visit www.centricbrands.com.

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