Hong Kong-based company acquires Kellwood

Leading apparel manufacturer Kellwood Company is no longer owned by U.S. company Sun Capital Partners. A Hong Kong-based investor group has now acquired the apparel company for an undisclosed amount.

Kellwood made this move due to its growing opportunities of expansion internationally. “We believe that there is tremendous growth potential for Kellwood’s businesses, and this acquisition will allow the company to leverage its existing relationships in Asia to grow its business and increase profitability,” David Falwell, newly appointed chief executive officer of Kellwood, said in a statement. Kellwood currently operates a portfolio of women’s and junior’s brands includes Jolt, Sangria, Briggs New York brands, My Michelle and Rewind.

Aligned with this new acquisition, there are a few staff changes as well. David Falwell was appointed the new chief executive officer of the company, according to Business Wire. Caren Belair will also continue as the company’s president, as she has been working with the company for over 30 years. Xiaopei Chin will take over as the President of the Western Region for the company. Currently, Chin has ten years of experience with Kellwood.