In February 2004, Compass Group Investments, Inc. (“CGI”) and its subsidiaries acquired a majority interest in K B Socks, Inc. (“K. Bell”). K. Bell is a leading designer, marketer and merchandiser of leg wear, including novelty hosiery products, tights and socks. Since the company’s founding by Karen Bell in her Los Angeles home in 1982 it has been at the forefront of leg wear design, as evidenced by its prominence in the specialty store channel. In 1999, Ms. Bell partnered with Gary Finder resulting in the development of strong relationships with leading mass and large chain retailers. 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 stores, chain retailers and independent retailers.
CGI sold its interest in K. Bell in December 2010 and realized a return to shareholders of more than 3.5x its initial equity investment.
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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