« Barrington car crash probed; patient released |
Today
| Fire in Tiverton unit today caused by candle »
August 6, 2007
Designer Joseph Abboud buys Fall River company
Men’s clothing designer Joseph Abboud has purchased a Fall River textile company and is poised to re-enter the design world.
A Boston native, Abboud moved to the forefront of apparel designers in the 1990s and his clothing lines became staples of high-end menswear stores. His rise boosted the spirits of textile workers in Massachusetts, where his clothes were made in a New Bedford factory.
He was a hometown hero.
Abboud sold his label in 2000 and J.W. Childs Associates, a Boston private-equity firm, bought the Abboud operation for $73 million in 2004. The Abboud line was put under the control of JA Apparel Corp., which continues to produce garments under the brand name at a factory in New Bedford. Marty Staff, an apparel industry veteran, led the buyout.
A noncompete clause apparently lapsed in 2005.
Now, Abboud is poised to re-enter the design world with jaz, a new menswear label to be produced by the workers at the Fall River Shirt Co., which was owned until last month by George Nova.
“Our main interest was to find a way to retain the jobs,” Nova said today in a phone interview. “The people there are hard-working . . . they had developed a skill that was so exceptional in shirt making that it would have been criminal had it been lost.
“This was a win-win for everybody.”
-- Journal staff writer Paul Grimaldi
Nova and four partners bought the clothing factory in 1988. The company remained in business even as others around it fell to overseas competition. Fall River Shirt’s 165 workers still can churn out 5,000 shirts in a week.
In 2006, the company developed its own line of shirts to complement its contract work for department stores, distributors and designers. Stores in 30 states carry the “Singles and “Custom” lines.
The company also developed a “modular” sewing system to make easier the handling of small batch orders and custom requests that come from independent stores.
In a February interview, Nova asked a rhetorical question: “The question is, ‘Can we sell the shirts? The answer to that is in -- retailers love us.”
Still, Nova and his partners were on the lookout for an investor who could pump $1.5 million into the plant to finish revamping it, to hire more people and expand its marketing program.
According to Nova, Abboud will maintain Fall River Shirt’s existing lines and produce his own designs there as well, opening up the possibility of new hiring at the plant.
“As far as I know, the marketing plans that we put in place will continue,” Nova said. “I think the plan is to run them both.”
JA Apparel said Abboud’s decision won’t affect its operations. Last year, the company had $300 million in sales.
"Mr. Abboud’s return has no practical impact on our business,” the company said in a statement e-mailed to The Journal.“The Joseph Abboud lifestyle brand has grown by double-digit margins in each of the last four years and is bigger than any one individual. The brand embodies sophisticated American style and our excellent growth since Mr. Abboud’s departure is strong evidence that we are connecting with our extremely loyal customers.”
Posted by Mike McKinney
at 5:17 PM | Permalink
Mingo Silva | August 7, 2007 5:14 AM link
Post a comment
Please be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish.
I think it is great idea to bring some job to those "GRANDE TRABALHADORES" of Fall River!!! God Bless-Mingo-Sacramento California.