Wednesday, April 23, 2014

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Finger Lakes

Parent Company of Hickey Freeman Sold

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Authentic Brands has purchased the HMX Group, which owns Rochester-based Hickey Freeman.

HMX filed for Chapter 11 bankruptcy in October, leading to the sale.

Senator Charles Schumer released a statement about the sale, saying that Authentic Brands plans to keep Hickey Freeman and its workers in Rochester.

Hickey Freeman is a men's suit manufacturer that employs 450 people.

The deal is said to be worth around $70 million.

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