Hanover Direct selling out to Chelsey Direct
November 20, 2006,
Weehawken, N.J. -- Hanover Direct said today that its board had unanimously approved a cash merger agreement with Chelsey Direct, the company's largest shareholder.
Hanover Direct operates a range of catalogs and e-commerce sites under the brands Domestications, The Company Store, Company Kids, Silhouettes, International Male, and Undergear. The company also manufactures Scandia Down branded comforters that sell through specialty retailers.
In our most recent research, Home Textiles Today pegged Hanover Direct’s 2005 home textiles sales at $230 million.
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...