Cygne Designs gains thru sourcing via DAR acquisition
16 Dec '05
1 min read
New York based leading private label women's career & casual apparel maker Cygne Designs Inc announced results for the three and nine months ended October 31, 2005.
For the three months ended October 31, 2005, net sales increased to $22.9 million compared to $8.5 million in the prior year period. $16.6 million of the increase in sales resulted from acquisition of the branded and private label business of Diversified Apparel Resources LLC ("DAR"), which was acquired on July 31, 2005.
Gross profit in the third quarter increased to $5.3 million compared to $1.1 million in the prior year. Third quarter gross margins increased to 23.1 percent compared to 12.8 percent in the prior year period.
Cygne Designs Inc is a designer, merchandiser, and manufacturer of branded and private label women's denim, causal and career apparel with sales to retailers located in the United States.
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