Haresh Tharani headed up the investment group that purchased Designer Intimates approximately three years ago. The Chairman of Bill Blass, a luxury designer label, and Designer Intimates stated, "Steve Wyandt of Nitches and I have been associated through our industry for over 10 years. Steve has great insight into the demands of today's marketplace, moving Nitches toward luxury and contemporary brands. They are thrilled to do this transaction with him and Nitches."
NAP will continue to operate as a separate company. Victor Lee will continue as President of NAP, and Eitan Haber will continue as Executive Vice President overseeing production, logistics, and international offices. Lee stated, "I am very excited about working closer with the talented professionals at Nitches in continuing our efforts to achieve profitable growth. Their ability to source quality product on a timely basis from around the world is outstanding." Lee also indicated that "NAP will continue to explore business opportunities with our customers and third parties consistent with growth strategy."
San Diego, California based Nitches Inc is an importer and wholesale distributor of men's and women's garments, manufactured to specifications primarily in foreign countries.
The Company's shares are traded on the National SmallCap Market under the symbol NICH. Nitches leverages fabric focus and production expertise to provideapparel products and manufacturing services to defined market segments at a low cost. Apparel designers and retailers alike choose Nitches to fulfill their manufacturing needs.
marketing@alchempro.com
