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MercurysBall2 ago

So, Pubco Corp owns the "Bobbie Brooks" trademarks which are licensed through Garan, Inc

BOBBIE BROOKS, INC. https://case.edu/ech/articles/b/bobbie-brooks-inc

BOBBIE BROOKS, INC., a leader in the production of women's apparel, was established by MAURICE SALTZMAN and Max Reiter as Ritmore Sportswear, Inc. in a loft in the Bradley Bldg. on W. 6th St. in 1939. Beginning with a $3,000 investment, they built the company into a multi-million dollar operation within the next 15 years.

Maurice Saltzman https://case.edu/ech/articles/s/saltzman-maurice

SALTZMAN, MAURICE (25 May 1918-21 Jan. 1990), businessman, civic leader, and philanthropist in Cleveland and Israel, received the Human Relations Award from the National Conference of Christians and Jews (1966) and the Charles Eisenman Award from the JEWISH COMMUNITY FEDERATION (1974). A "zillionaire" by age 48, Saltzman, born in Cleveland, was orphaned at age 4 and lived at the Jewish Orphan Home (BELLEFAIRE) until he graduated from CLEVELAND HEIGHTS High School at 16. He worked in the shipping room of Lampl Fashions, Inc. for 5 years, when he and Max Reiter founded Ritmore Sportswear, which later became BOBBIE BROOKS, INC.

His philanthropy soon reflected his business success: between 1941 and 1966, he and his wife donated more than $2.5 million to institutions such as MT. SINAI MEDICAL CENTER and the University of Notre Dame. Saltzman led the dress company until 1987. He maintained a life-long relationship with Bellefaire, serving as benefactor and honorary trustee and hiring student employees. Among many community activities, he was founder trustee for life of the CLEVELAND JEWISH NEWS, vice-president of TEMPLE EMANU EL, president of both the Jewish Community Federation and Mt. Sinai Medical Center (1976-79), and a trustee of the University Circle Development Foundation, Inc. (predecessor of UNIVERSITY CIRCLE, INC.), Brandeis University and CASE WESTERN RESERVE UNIVERSITY, among other institutions. In Israel, he established a senior citizen center, a library and a museum.

Saltzman married his secretary, Shirley Rosenberg, in 1944; they had three daughters, Lorrie Fromson, Judith Bea-Taylor, and Terry Saltzman. Saltzman died in Palm Beach, FL.

Garan, Inc. History http://www.fundinguniverse.com/company-histories/garan-inc-history/

Garan, Inc., is engaged in the design, manufacture, and sale of men's, women's, and children's apparel under the Garanimals, Garan, Bobbie Brooks, and private label names. Most of Garan's output is sold to mass merchandisers, major national chain stores, department stores, and specialty stores. Wal-Mart Stores Inc. accounts for over 85 percent of company sales, while nearly 10 percent of sales stem from the company's relationship with JC Penney Company Inc. Garan was acquired by Warren Buffet's Berkshire Hathaway Inc. in 2002.

..By 1992, burgeoning Wal-Mart was accounting for 45 percent of Garan's annual sales. A licensing agreement in 1990 gave Garan the right to carry the insignias of various colleges and universities on sweatshirts and knit shirts. In 1991, it became one of the few apparel companies allowed to use characters from Disney movies. After a strong first quarter in fiscal 1992, Garan, holding $30 million in cash with virtually no debt, declared a $1.20-per-share annual dividend on top of the quarterly payout. During 1988-92, the company earned an annual average of almost 18 percent on equity.

.During fiscal 1995, children's apparel accounted for 72 percent of Garan's net sales, with women's apparel accounting for 18 percent and men's apparel accounting for 10 percent. Sales of sports and colleges licensed apparel accounted for about 12 percent of sales and Garan's own label accounted for about 6 percent. The Bobbie Brooks label accounted for another 7 percent, and Disney characters, scenes, and logos accounted for about 8 percent. In addition to Wal-Mart, JC Penney was an important customer that provided 20 percent of Garan's sales. Some 3,500 or so clients took the rest of the company's output.