Key Developments: Hampshire Group Ltd (HAMP.PK)

HAMP.PK on OTC Markets Group

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30 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Hampshire Group amends agreement to sell its Rio Garment Business
Monday, 18 May 2015 08:45am EDT 

Hampshire Group:Amends the agreement to sell the stock of its Rio Garment S.A. operation to a group led by current Rio management, including David Gren, the President of Rio.Says amendment was effected to accommodate the buyers, whose financing relationship with their bank in Honduras changed.Says final amended stock purchase agreement calls for Hampshire to receive an aggregate amount of $6 million, less a $1 million holdback to support representations of the sellers, comprised of cash and new accounts receivable, payable on or by preset dates ending on Oct. 05.Hampshire received the first payment of $1.3 million on May 14(th)and is scheduled to receive a cumulative $2.5 million by the end of May with the remainder to be paid according to an agreed upon schedule.Says sale will close when Hampshire receives the full amount of the $5.0 million.Rio is a Honduras-based apparel manufacturer, designing, sourcing and manufacturing knit tops for men, women and children, which are sold to retailers and distributors, primarily in the United States.  Full Article

Hampshire Group announces definitive agreement to sell Rio Garment Business
Monday, 13 Apr 2015 08:45am EDT 

Hampshire Group:Enters into a definitive agreement to sell the stock of Rio Garment S.A. (Rio) to a group led by current Rio management, including David Gren, the President of Rio.Purchase price of the equity is $6 mln plus Hampshire Group will receive the existing accounts receivable and certain other assets of Rio totaling about $5.0 mln.Rio is a Honduras-based apparel manufacturer, designing, sourcing and manufacturing knit tops for men, women and children, which are sold to retailers and distributors, primarily in the United States.  Full Article

Hampshire Group Ltd appoints William Drozdowski Interim Chief Financial Officer
Monday, 16 Mar 2015 04:05pm EDT 

Hampshire Group Ltd:Retained the services of William Drozdowski as the Company's interim Chief Financial Officer.  Full Article

Hampshire Group Ltd announces departure of Chief Financial Officer
Tuesday, 3 Mar 2015 04:05pm EST 

Hampshire Group Ltd:Says that Trey Darwin, Chief Financial Officer and Treasurer of Hampshire Group, has been terminated effective March 2.Paul Buxbaum, Hampshire Group's Chief Executive Officer, along with Chief Operating Officer, David Price, are currently overseeing Company's finance and reporting functions out of the Hampshire's Anderson, SC office.Says Company anticipates hiring an interim Chief Financial Officer within a week while commencing search for permanent CFO.  Full Article

Hampshire Group Ltd gives Q4 2014 guidance; lowers FY 2014 EBITDA guidance
Tuesday, 17 Feb 2015 07:30am EST 

Hampshire Group Ltd:Expects Q4 2014 net sales of $28-$30 million.Expects Q4 2014 loss from operations of $1.8-$2.8 million.Expects Q4 2014 adjusted EBITDA loss of $0.6-$1.5 million.For FY 2014, the company now anticipates reporting adjusted EBITDA loss of $4.0-$5.0 million.Revision from management's outlook articulated on Nov. 6, 2014, for FY 2014 adjusted EBITDA loss of $0.5-$1.5 million is largely due to certain of Hampshire's retail customers canceling or delaying deliveries in mid-Dec. along with quality issues and late deliveries on part of key fabric supplier.  Full Article

Hampshire Group Ltd gives Q4, FY 2014 EBITDA guidance
Thursday, 6 Nov 2014 05:20pm EST 

Hampshire Group Ltd:Anticipates FY 2014 Adjusted EBITDA loss of $0.7-$1.5 mln.Expects Q4 2014 Adjusted EBITDA of about $2 mln.  Full Article

Hampshire Group, Limited gives Q3, Q4, FY 2014 EBITDA guidance; gives FY 2015 EBITDA guidance
Tuesday, 12 Aug 2014 05:13pm EDT 

Hampshire Group, Limited:Expect Q3 2014 and Q4 2014, and FY 2014 to show positive adjusted EBITDA, with further improvement in FY 2015.Q3 2014 EBITDA of $492 million - Thomson Reuters I/B/E/S.Q4 2014 EBITDA of $389 million - Thomson Reuters I/B/E/S.FY 2014 EBITDA of $1.53 billion - Thomson Reuters I/B/E/S.FY 2015 EBITDA of $1.72 billion - Thomson Reuters I/B/E/S.  Full Article

Hampshire Group Ltd acquires James Campbell
Thursday, 20 Feb 2014 04:40pm EST 

Hampshire Group Ltd:Says acquisition of the privately held James Campbell Brand, the Brands were part of Maverick J, LLC a Rick Solomon Company.James Campbell is a West Coast designer brand positioned in the luxury segment of the men's market.  Full Article

Hampshire Group Ltd gives FY 2013 EBITDA outlook; comments on FY 2014 EBITDA outlook
Friday, 20 Dec 2013 08:00am EST 

Hampshire Group Ltd:Sees FY 2013 adjusted EBITDA losses from operations of $7-$8 mln, which includes about $2 mln of Scott James-related losses.Says it expect at least $7-$8 mln in adjusted EBITDA improvement in FY 2014 v. FY 2013, sufficient to return the company to positive cash flow.  Full Article

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