HAMPSHIRE GROUP, LIMITED (OTCMKTS:HAMPQ) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material
Definitive Agreement.
Item 2.01Completion of Acquisition or
Disposition of Assets.
On January 13, 2017, Hampshire Group, Limited (the Company) and
Hampshire Brands, Inc. (collectively with the Company, the
Sellers) received Delaware Bankruptcy Court approval to enter
into, and thereafter entered into, an Asset Purchase Agreement
(the APA) with The Fashion Exchange LLC or its designee (Buyer)
to which the Sellers agreed to sell the assets of the James
Campbell business, including certain intellectual property,
inventory, equipment and contract rights, to Buyer for a purchase
price of approximately $0.9 million and assumption of certain
liabilities. The APA was entered into to an auction conducted
under the provisions of the Bankruptcy Code and supervision of
the Bankruptcy Court. The sale was completed on January 19, 2017.
The description of the APA is qualified in its entirety by
reference to the complete text of the APA, a copy of which is
filed as an Exhibit to this report and incorporated into this
report by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description |
|
2.1 |
Asset Purchase Agreement dated as of January 13, 2017 among |
About HAMPSHIRE GROUP, LIMITED (OTCMKTS:HAMPQ)
Hampshire Group, Limited is a holding company engaged in the apparel business. The Company is a provider of fashion apparel across a range of product categories, channels of distribution and price points. It is engaged in supplying men’s branded and private label apparel to department stores and national chains throughout the United States. Its subsidiary, Hampshire Brands, Inc. (Hampshire Brands), designs and markets men’s sportswear to department stores, chain stores and mass-market retailers under licensed brands. It offers a full tops assortment under the Dockers brand and a full men’s assortment under its James Campbell brand. It oversees the design, production, sales and distribution of the Dockers brand for its men’s good category tops in the United States to chain and department stores. The woven and knit line includes button down shirts, polos, fleece tops and t-shirts. The Dockers brand also offers women’s tops and bottoms. HAMPSHIRE GROUP, LIMITED (OTCMKTS:HAMPQ) Recent Trading Information
HAMPSHIRE GROUP, LIMITED (OTCMKTS:HAMPQ) closed its last trading session 00.00000 at 0.00500 with 996 shares trading hands.
