This increase was driven by the addition of the Southern Tide business, new stores and Tommy Bahama’s strong comparable store sales.
Creative director Jamie Davidson will remain in his role. Other terms were not disclosed.
The addition of Southern Tide to the company’s portfolio helped drive sales growth for the company.
Oxford Industries, which owns such brands as Tommy Bahama and Southern Tide has reported adjusted first quarter earnings of $1.26, which was approximately 10 cents below most analysts’ estimates.
Oxford Industries, Inc. has completed the acquisition of lifestyle apparel brand Southern Tide for $85 million.
Oxford Industries Inc., the Atlanta-based owner of such companies as Tommy Bahama and Lilly Pulitzer, reported better-than expected fiscal fourth-quarter earnings.
Oxford Industries, Inc. has announced that Scott A. Beaumont and James B. Bradbeer, Jr. will retire from their positions as co- group CEOs of Lilly Pulitzer on April 1, 2016.
Terry R. Pillow will retire from his position as CEO of Tommy Bahama on January 30, 2016, and will be succeeded by Douglas B. Wood.
The CEO and creative director packs up after 13 years with the brand.
The iconic British brand has a new owner.
Atlanta-based Oxford Industries says it is putting its Ben Sherman business up for sale.
NEW YORK—Tommy Bahama opens its Manhattan flagship store tomorrow—its first global flagship. The store at 551 Fifth Avenue (at 45th Street) will be the largest Tommy Bahama store in the world. The store will feature 5,000 sq. ft. of men’s, women’s and home decor retail space; 1,300 sq. ft. for …