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Emerisque Brands UK and SKNL North America complete US$87.9 million purchase of Coppley Apparel under CCAA proceedings

Date Closed

August 7, 2009

Lead Office

Toronto

Value

87.90 Million USD

On August 7, 2009, Emerisque Branks UK Limited and SKNL North America, B.V., together with their assignees, completed the purchase of substantially all of the assets of Coppley Apparel Group Limited, a wholly-owned subsidiary of Hartmarx Corporation. The transaction took place in proceedings under the Companies’ Creditors Arrangement Act (Canada).

In a separate but related transaction, the purchasers acquired substantially all of the assets of Hartmarx Corporation and certain of its wholly-owned United States subsidiaries.

The aggregate purchase price for the acquired assets of both Coppley and Hartmarx was about US$87.9 million.

McCarthy Tétrault LLP represented the purchasers in the acquisition, with a team led by James Gage.

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