Hongkong Lifeng Group Buys Oxford Clothing Company Of The United States

Oxford Industrial Company announced in January 3, 2011 that the company completed the earlier announcement of the sale of most of the Oxford apparel group. transaction Oxford clothing is one of the company's operating groups. The company sells the group to a Affiliated Companies of Li Feng limited.

In the recovery of retained accounts receivable, sales and payments to us on the way. Retain Net cash receipts are expected to exceed US $95 million after debt, transaction costs and income taxes.

The Oxford golf business and distribution center in Lyons, Georgia, is part of Oxford clothing, but is not included in this transaction and will continue to operate by the company.

Oxford Industrial Company is an international fashion design, purchasing and marketing company. The company has its own characteristics. Various The combination of licensed brands and private brand clothing enterprises.