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Russell-Newman Sells Brands

(Filed Under Financial and General Interest News). Russell-Newman Inc. is parting with more brands. Monarch Robe & Towel Company announced the acquisition of rival company Cypress Luxury Bath & Bed Amenities from Russell-Newman Brands, while Delta Galil acquired women’s lifestyle brand KN Karen Neuburger.

The acquisition of Cypress by Monarch was finalized July 13 and is undergoing what the company hopes will be a seamless transition for its customers in the global hospitality industry. Delta Galil hopes to expand the Karen Neuburger sleepwear, loungewear and home accessories label on a global scale, expecting approximately $20 million in sales this year.

Russell-Newman Inc. finalized the sale of its St. Eve intimate apparel and sleepwear label to the Komar Company at the beginning of 2011.

more Financial and General Interest News >>

Published 07-27-2011 by Katherine Rautenberg

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