Joe's Jeans Inc announced that it has closed the previously announced merger of JD Holdings Inc. into the Company to acquire the Joe's brand. This merger was voted on and approved at the Company's annual shareholder meeting held on October 11, 2007.Marc Crossman, President and Chief Executive Officer of the Company, stated, "We are extremely pleased to announce the closing of this merger, which gives us ownership of one of the best premium denim brands in the market.
The completion of this acquisition will now allow us to focus on growing and expanding the Joe's brand into a full contemporary collection as we move into 2008, which we firmly believe will bring long-term value to our shareholders."
Joe's Jeans Inc designs, produces and sells apparel and apparel-related products to the retail and premium markets under the Joe's brand and related trademarks.
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