(13WHAM) Rochester, N.Y. - There could be a new buyer for Rochester’s Hickey Freeman.
Senator Chuck Schumer announced Wednesday that Samuelsohn, a high-end Canadian suit maker, is in negotiations to purchase Hickey Freeman, with plans to bring new lines of business to the Rochester facility. Schumer said this deal would preserve jobs, and potentially add new ones.
Schumer said he spoke with Stephen Granovsky, co-owner anof Montreal-based Samuelsohn, and said the highly-successful and rapidly-growing company could bring more stability and growth opportunities to Hickey Freeman.
Schumer said that Doug Williams, who currently owns and operates the Rochester Hickey Freeman company, and Sameuelsohn executives Granovsky and Pollack are still negotiating terms for the potential deal, and hope to finalize it later this summer.
Under the proposed deal, it is expected that Authentic Brands would license the Hickey Freeman brand to Samuelsohn, which would also acquire and operate the Rochester factory.
Schumer said the union for Hickey Freeman also represents the workers at Samuelsohn’s Montreal factory, and that they support this tentative deal.
“I will always fight to strengthen and expand Hickey Freeman so that this iconic company – and its hard-working employees – can remain in Rochester,” said Schumer. “Last December, I fought to shepherd a deal that would stabilize Hickey Freeman, avoid liquidation and bring them out of bankruptcy with the company and jobs intact. This pending deal could build off of that foundation and lead to new opportunities for expansion, production and growth.”