Kalach sees Revman as U.S. pipeline
February 25, 2003,
New York — The ceo of Revman's new majority shareholder yesterday vowed that Revman will become even more important to the home textiles industry.
Rafael Kalach, chairman, president and ceo of Grupo Kaltex, acknowledged that the all-stock transaction last month will permit Kaltex easier access to particular home market segments. "We're taking a larger position in the market," said Kalach. "In the very near future, Revman will be more important."
Kalach also said Kaltex will develop a plan to represent the licenses in Mexico with which Revman currently has agreements. Revman supplies home lines for Tommy Hilfiger, Laura Ashley, P.O.S.H., Echo, Marimekko, Kravat and Nicole Miller. Rich Roman, president and ceo of NY-based Revman, said many of those agreements are already in place.
Despite Kaltex's majority ownership, Kalach said Revman must be able to support itself financially and stand on its own. "It's very important that we maintain our subsidiaries without subsidizing them," he said.
Kalach and Roman reiterated that Kaltex's ownership does not obligate Revman to purchase its fabrics from Kaltex exclusively.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...