Profile: Hampshire Group Ltd (HAMP.PK)
27 Feb 2014
Hampshire Group, Limited (Hampshire) is a holding company. The Company is a provider of fashion apparel across a range of product categories, channels of distribution and price points. The Company operates through its wholly owned subsidiaries, which include Hampshire Brands, Inc. (Hampshire Brands), Rio Garment S.A. (Rio) and scott james, LLC (scott james). On August 25, 2011, the Company acquired Rio. On May 5, 2011, Hampshire completed the sale of its women’s businesses in two separate transactions to LF USA Inc., a subsidiary of Li & Fung Limited, and KBL Group International Ltd. In June 2013, Hampshire Group, Limited announced that it has sold the Scott James brand and related assets. In February 2014, the Company acquired James Campbell Brand.
Hampshire Brands designs and markets men's sportswear to department stores, chain stores and mass market retailers. The Company offers a sportswear assortment under the JOE Joseph Abboud brand, sweaters under the Geoffrey Beene brand, a tops assortment under the Dockers brand and a t-shirt and short assortment under the Panama Jack brand, as well as a sportswear assortment under its Spring + Mercer brand and a private label sweater offering to vertical specialty retailers under their private labels. The scott james brand is a designer apparel collection for men, which includes a sportswear offering. Hampshire is sold primarily through upscale department and specialty stores, one owned retail location and online at www.scottjamesonline.com. 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
Hampshire Brands and scott james primarily use foreign suppliers for their raw materials and product manufacturing. During the year ended December 31, 2011, the majority of the Company's products were produced by independent manufacturers located in Southeast Asia. Keynote Services, Limited, Hampshire's subsidiary based in China, assists with its sourcing needs and provides quality control. Rio primarily purchases raw materials, including yarn and fabric, from suppliers in the United States. Purchased fabric is used in the manufacturing process at the Company's facility located in Honduras. The Company outsources the yarn to fabric production to third party manufacturers.
Hampshire Group Ltd
1924 PEARMAN DAIRY ROAD,
PO Box 2667
ANDERSON SC 29625