Projo Biz Blog

Shawn Zachary Design Inc., an investment group formed by former retail executice Zachary Belil, has acquired a 49 percent stake in Providence-based Hanover Industries for an undisclosed price.

Hanover, founded in 1997 by Elana Carello, manufactures women's and children's novelty knitwear. The Elana Carello label is sold in department stores and catalogues.

Belili said the company name has been changed to Elana Carello Knitwear and Carello will continue in the role of chief creative officer. Belil, who becomes chairman and interim chief executive officer, said his group will provide the knitwear firm with operational and technical support.

Belil previously was vice president of sales and merchandising at Pine Needles Apparel. Before that, he was divisional merchandise manager at Christopher & Banks.

Comments

clothing manufacturer said:

And now, asking how you can be always on the trend without spending too much? Then use that “fashionistic” (fashion + artistic) blood in you! Why don’t you collect all your stuff in your wardrobe cabinet and start to play mix and match? You don’t need to buy the latest apparel to be in the “cool circle”. Just a touch of creative mind plus a morsel of self-confidence, is equal to a perfect fashion sense! Be a clothing manufacturer yourself!

Link | November 5, 2008 8:41 PM
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