M&A Deal Summary

Fruit of the Loom Acquires The Gitano Group

On April 1, 1994, Fruit of the Loom acquired apparel/textiles company The Gitano Group for 100M USD

Acquisition Highlights
  • This is Fruit of the Loom’s 1st transaction in the Apparel/Textiles sector.
  • This is Fruit of the Loom’s largest (disclosed) transaction.
  • This is Fruit of the Loom’s 1st transaction in the United States.
  • This is Fruit of the Loom’s 1st transaction in New York.

M&A Deal Summary

Date 1994-04-01
Target The Gitano Group
Sector Apparel/Textiles
Buyer(s) Fruit of the Loom
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Kurt Salmon Capital Advisors, Inc. (Financial)

Target

The Gitano Group

New York, New York, United States
The Gitano Group, Inc., a manufacturer of denim and casual apparel distributed through the mass channel.

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Buyer(S) 1

Buyer

Fruit of the Loom

Bowling Green, Kentucky, United States

Category Company
Founded 1851
Sector Apparel/Textiles
DESCRIPTION

Fruit of the Loom is a leading international vertically integrated basic apparel company, emphasizing branded products for consumers of all ages. The Company is one of the world’s largest manufacturers and marketers of men’s and boys’ underwear, women’s and girls’ underwear, printable T-shirts and fleece for the activewear industry, casualwear and childrenswear. Fruit of the Loom employs approximately 23,000 people in over 50 locations worldwide


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (1994) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-01 Fruit of the Loom’s Hosiery Division

Bowling Green, Kentucky, United States

Fruit of the Loom’s Hosiery Division.

Sell $95M