SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 29, 1998
SUPREME INTERNATIONAL CORPORATION
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(Exact name of registrant as specified in its charter)
FLORIDA 0-21764 59-1162998
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3000 N.W. 107TH AVENUE, MIAMI, FLORIDA 33172
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 592-2830
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Item 5. OTHER EVENTS.
See the press release attached hereto as Exhibit 99.1.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SUPREME INTERNATIONAL CORPORATION
Date: January 12, 1999 By: /s/ ROSEMARY B. TRUDEAU
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Rosemary B. Trudeau, Vice President of Finance
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press Release
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EXHIBIT 99.1
SUPREME INTERNATIONAL SIGNS AN AGREEMENT TO PURCHASE THE
MANHATTAN AND JOHN HENRY BRANDS FROM SALANT CORPORATION
Miami, FL, December 30, 1998 -- Supreme International Corporation
(Nasdaq:SUPI) today announced that it has signed an agreement with Salant
Corporation to purchase the Manhattan and John Henry brands.
The purchase includes the John Henry, Manhattan, and Lady Manhattan
trade names, the John Henry and Manhattan dress shirt inventory, the leasehold
interest and the equipment in the dress shirt facility in Valle Hermosa, Mexico,
and at Salant's facility in Andalusia, Alabama.
George Feldenkreis, Chairman and Chief Executive Officer of Supreme
International, commented, "This purchase underscores Supreme's commitment to
building a strong portfolio of brands. The Manhattan brand is one of the oldest
in the United States, and with the addition of Manhattan and John Henry to our
existing array of brands, Supreme emerges as a force in the men's dress shirt
business."
Oscar Feldenkreis, President and Chief Operating Officer of Supreme
Internatiaonal, concluded, "This purchase fits extremely well with our expansion
plans in both the international and the licensing areas, and will allow us to
continue to offer the best brand options and service to our retail customers."
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SUPREME INTERNATIONAL SIGNS AN AGREEMENT TO PAGE: 2
PURCHASE THE MANHATTAN AND JOHN HENRY BRANDS
FROM SALANT CORPORATION
Consummation of the transaction is subject to the satisfaction of a
number of conditions including regulatory and bankruptcy court approval. It is
expected that this transaction will close before March 31, 1999.
Supreme International designs, imports, and markets men's and boy's
fashion sportswear under a variety of brand names such as Natural
Issue/registered trademark/, Tribute/registered trademark/, Grand
Slam/registered trademark/, Penguin Sport/trademark/, Munsingwear/registered
trademark/, Career Club/registered trademark/, Crossings/registered trademark/,
John Henry/registered trademark/, Andrew Fezza/registered trademark/,
Ping/registered trademark/, Tipos and PNB Nation. Supreme's products are sold to
department stores, chain stores, specialty stores, and mass merchants throughout
North America and other countries.
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FORWARD-LOOKING STATEMENTS (STATEMENTS WHICH ARE NOT HISTORICAL FACTS) IN THIS
RELEASE ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995. SUPREME'S ACTUAL RESULTS COULD DIFFER
MATERIALLY FROM THOSE EXPRESSED OR INDICATED BY FORWARD-LOOKING STATEMENTS.
FACTORS THAT COULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT
LIMITED TO, CHANGES IN FASHION TRENDS, RISKS RELATING TO THE RETAIL INDUSTRY,
USE OF CONTRACT MANUFACTURING AND FOREIGN SOURCING, IMPORT RESTRICTIONS,
COMPETITION, SEASONALITY AND OTHER FACTORS. INVESTORS ARE CAUTIONED THAT ALL
FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES, INCLUDING THOSE
RISKS AND UNCERTAINTIES DETAILED IN THE COMPANY'S FILINGS WITH THE SECURITIES
AND EXCHANGE COMMISSION.
