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News Breaks
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March 16, 2011
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| 08:33 EDT |  | DFZ |
| theflyonthewall.com: | RG Barry Corp to acquire baggallini for $33.8M | | R.G. Barry Corporation and baggallini, Inc., have entered into a definitive agreement for R.G. Barry to acquire the principal assets of the Portland, OR-based accessory company for approximately $33.8M. The purchase is expected to be finalized on March 31. baggallini is a privately-owned developer and marketer of functional, fashionable handbags, tote bags and travel accessories. From 2006-to-2010, baggallini recorded a compounded annual revenue growth rate of approximately 19%. baggallini will remain headquartered in the Pacific Northwest and will be operated as a wholly-owned subsidiary of R.G. Barry. :theflyonthewall.com |
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