BNET Industries

Tarrant Apparel Group

(TAGS) is in the Manufacturing Industry

Last Fiscal Year Sales:$195.3M
  • Public
  • US
Dow Jones Description

Tarrant Apparel Group is a design and sourcing company for private label and private brand casual apparel serving mass merchandisers, department stores, branded wholesalers and specialty chains located primarily in the United States. Our major customers include retailers, such as Macys Merchandising Group, Chicos, New York & Co., Mothers Work, the Avenue, Wal-Mart, Marks Work, and Lane Bryant as well as wholesalers such as Seven Licensing Company. Our products are manufactured in a variety of woven and knit fabrications and include jeans wear, casual pants, shorts, skirts, dresses, t-shirts, shirts and other tops and jackets. In 2006 and 2007, our total net sales were $232 million and $244 million, respectively. In 2008, our net sales decreased by 20% to $195 million, as compared to the prior year. In 2006, we experienced a net loss of $22.2 million, which included a non-cash charge of $27.1 million of a loss on notes receivablerelated parties. See Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations. In 2007, our net income was $1.7 million. In 2008, we experienced net loss of $11.1 million, which included $6.7 million of non-cash goodwill impairment charges. We launched our private brands initiative in 2003, and have since acquired ownership of or license rights to a number of brand names and sold apparel products under the brand, generally to a single retail company within a geographic region. ...

Chairman of The Board of Directors and Interim Chief Executive Officer
Gerard Guez
Number of Employees 250
Contact Information

3151 E Washington Blvd

Los Angeles, California 90023-4223

tags.com

(323) 780-8250

NAICS Code Women's and Girls' Cut and Sew Blouse and Shirt Manufacturing: 315232

Recent Events

  • Tarrant Apparel Group Shareholders Approve Merger Agreement - Quick Facts

    8/20/09 - Merger / Acquisition - View Story

  • Tarrant posts Q2 profit, sales decline

    8/14/09 - Financial Announcement - View Story

News & Analysis

tarrant apparel group - All News and Analysis

Decision Makers

Name (plus bio) Position
Charles Ghailian President
Henry Chu President of Tarrant Company, Limited
Todd Kay President
Corazon Reyes Tarrant Apparel Group's Chief Financial Officer
David Burke Chief Financial Officer
Patrick Chow Chief Financial Officer and Director
John P Holloway Director of Portfolio Management
Joseph Mizrachi Simon Mani Compensation of Directors and Executive Officers
Rosa Castro Director, HR

Board of Directors

Name (plus bio) Position
Gerard Guez Chairman of The Board of Directors and Interim Chief Executive Officer
Milton Koffman Board of Directors
Mitchell Simbal Board of Directors
Simon Mani Board of Directors

Gerard Guez founded Tarrant Apparel Group in 1988 and has served as our Chairman of the Board since inception and as Chief Executive Officer from inception until 2001 and again from March 2003 through August 2004. Mr. Guez was re-appointed as Interim Chief Executive Officer, effective March 31, 2006. Mr. Guez also founded Tarrant Company Limited, our Hong Kong subsidiary, in 1985, and he has served as its Chairman since inception and Chief Executive Officer from 1985 through October 2001. Prior to founding Tarrant Company Limited, Mr. Guez served as the President of Sasson Jeans, L.A., Inc., which was a manufacturer and distributor of denim apparel under the Sasson license.

Organization Position Status
Tarrant Apparel Group Chairman of The Board of Directors and Interim Chief Executive Officer Current
Tarrant Apparel Group Founder Current
Tarrant Apparel Group Board of Directors Former

Organization Position Status
Tarrant Apparel Group President Current

Organization Position Status
Tarrant Apparel Group President of Tarrant Company, Limited Current

Organization Position Status
Tarrant Apparel Group President Current
Tarrant Apparel Group Vice Chairman of the Board Current
Tarrant Apparel Group Board of Directors Former

Organization Position Status
Tarrant Apparel Group Tarrant Apparel Group's Chief Financial Officer Current
Tarrant Apparel Group Board of Directors Former

Organization Position Status
Tarrant Apparel Group Chief Financial Officer Current

Patrick Chow was appointed as a director in November 2007, at the time he was named our Chief Financial Officer. Prior to being named Chief Financial Officer, Mr. Chow joined Tarrant Apparel Group in March 2007 as our Senior Vice President, Finance. Mr. Chow had previously served as our Chief Financial Officer and as a director from January 2002 through August 2004. From August 2004 until April 2005, Mr. Chow was a consultant for us and other companies, providing financial and accounting services. He joined Blue Holdings, Inc. (Nasdaq: BLUE) as Chief Financial Officer in April 2005, and served in that capacity until December 31, 2006. Mr. Chow has a Bachelor of Arts degree from the University of Hong Kong and two diplomas in Banking and Financial Studies from the Chartered Institute of Bankers United Kingdom.

Organization Position Status
Tarrant Apparel Group Chief Financial Officer and Director Current
Tarrant Apparel Group Board of Directors Current
Blue Holdings, Inc. Chief Financial Officer Former
University Corp. Bachelor of Arts Degree Former

Organization Position Status
Tarrant Apparel Group Director of Portfolio Management Current

Organization Position Status
Tarrant Apparel Group Simon Mani Compensation of Directors and Executive Officers Current
Tarrant Apparel Group Board of Directors Current
Heritage Bank Board of Directors Former

Organization Position Status
Tarrant Apparel Group Director, HR Current
Tarrant Apparel Group Director, HR Former

Organization Position Status
Tarrant Apparel Group Board of Directors Current
The Ohio State University B.S. Former

Mitchell Simbal has served as a director since June 2001. Since 1997, Mr. Simbal has been Senior Vice President of Retail Operations for Harrah s Entertainment, which includes Caesars Palace, Paris Las Vegas, Bally s and Flamingo Hilton. In this position, Mr. Simbal is responsible for a $170 million retail division. Mr. Simbal has a B.S. in accounting from the University of Hartford.

Organization Position Status
Tarrant Apparel Group Board of Directors Current
University of Hartford B.S. In Accounting Former

Organization Position Status
Tarrant Apparel Group Board of Directors Current
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