Kellwood Company has acquired the sportswear group Adam, marking the start of what the company calls the first in a series of aggressive expansion plans for Kellwood.
Michael Kramer, CEO and president of Kellwood said: “We’re thrilled to add Adam to Kellwood’s growing portfolio of brands. Adam has great potential for expansion across major product categories and international markets to be one of the next luxury lifestyle brands. Combining Adam Lippes’ extraordinary vision with Kellwood’s operational excellence and best-in-class infrastructure, will take this brand to the next level.”
Financial details of the deal were not disclosed.
Adam was founded by creative director and CEO. The company offers a contemporary sportswear collection for men and women available at Adam retail stores, ShopADAM.com and luxury retailers, such as Bergdorf Goodman, Neiman Marcus, and Harrod’s.
“Partnering with Kellwood will enable us to build Adam into a global lifestyle brand. Kellwood clearly understands our vision and has the means to support our growth on a scale large enough to be competitive in the marketplace. Kellwood’s size and reputation speaks for itself, and we look forward to building Adam with them,” said Lippes.
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