Davidson Cotton, Induter USA to go their own ways
November 19, 2001,
Huntersville, NC — Less than four years after its founding by a group of mill executives and six months since it exited the sourcing businesses, Davidson Cotton's component parts are splitting up.
Davidson will no longer market products under its own name, which will "only appear on checks," said Jim Fitzgibbons, chairman and one of the founders of the company. Taking its place will be The Abouchar Co. name, under which Davidson will now be doing business.
Fitzgibbons purchased J. Abouchar & Sons Inc., an embellished towel source, in April 1999. Its name was changed shortly thereafter to The Abouchar Co.
Davidson also is separating from Atrivm and its Joseph Abboud license.
According to Charlie Schlang, executive vp of Davidson and president of Induter USA, the parent company of Atrivm, Atrivm will take the entire manufacturing license for the Abboud line with it, including the bath portion, which had been sub-licensed to Davidson.
Schlang, like Induter USA, will also part ways with Davidson in an amicable split.
Davidson was founded in February 1998 by Fitzgibbons and Bob Dellinger, both of whom had been executives with Fieldcrest Cannon. Joining them in their venture were Bill Heitman, Jim Munro, Fulton Allen and Steve Puckett. Of the six, only Fitzgibbons remains.
The plans for Davidson's 295 Fifth Ave. showroom space have not yet been announced.
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