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Knitting / Apparel

Tarrant Apparel Group Aquires Assets Of CMG

Tarrant Apparel Group, Los Angeles, announced it has acquired certain assets of CMG Inc.CMG designs, produces and sells private label and CHAZZZ® branded woven (denim and twill) and knit apparel for women, children and men.Tarrant expects the acquisition to increase 1999 sales to approximately $470 million and to be immediately accretive to earnings.Charles Ghailian, CEO of CMG was named as president of Chazzz Division of the Tarrant Apparel Group. He will oversee developments with customers such as Sears, J. C. Penny and Mervyns.

May 1999