In February 2004, Compass Group Investments, Inc. and its subsidiaries acquired a majority interest in K B Socks, Inc. ("K. Bell"), a leading designer, marketer and merchandiser of novelty hosiery products, primarily socks, for women and girls. K. Bell is based in Los Angeles, California and maintains showroom facilities in New York, New York. The company's customers include mass retailers, department stores, specialty chain retailers and independent retailers.
Gary Finder, Alan Schneider and Karen Bell, the former owners of K. Bell, all continue to be significant investors in the company and remain in their pre-transaction day-to-day management roles. Karen Bell founded the company in her Los Angeles home in 1982 and partnered with Gary Finder and Alan Schneider in 1999.
To learn more about K. Bell, please visit www.kbellsocks.com. [Please note that in visiting this site, you will be leaving our website.]
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"Compass was willing to look at our company and our strategy in a manner consistent with how management sees it. We believe they will be strong partners as we pursue an aggressive growth path driven by a combination of new customer and product opportunities and opportunities to acquire other participants in our industry and related industries. During the negotiation of the transaction, they were very flexible as to structure, ensuring that we reached an arrangement that is a true partnership, where both the senior management team and Compass are positioned to do very well should we accomplish our goals."
Gary Finder, CEO
K.B. Socks, Inc.
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