Hickey Freeman is not turning its back on New York State.
Despite rumors that the venerable men’s brand, which was founded 121 years ago in Rochester, N.Y., was planning to leave the upstate city, Stephen Granovsky, chairman and chief executive officer of Grano Retail Investments, which holds the long-term license for Hickey Freeman, said the factory will remain open and operational and its 300 or so employees retained. Grano, which also owns the Samuelsohn brand, is the owner of the Rochester factory.
But there will be changes.
Granovsky said over the past three to four years, he realized that there was “too much capacity between our two factories.” Samuelsohn operates a separate factory in Montreal. “So we’ve been searching for options to maintain both.” Nine months ago, he said an opportunity arose that will bring “significant business” to the Rochester facility. Although he cannot name the company at this point, he said the agreement was just signed and will bring the production of millions of garments to the factory over the next several years. An announcement of the deal is expected within 60 days.
As a result of this “manna from heaven,” he said, the full-canvas production of the Hickey Freeman garments will move

Follow WWD on Twitter or become a fan on Facebook.

Originally Published at WWD.com