S&P: Kellwood unchanged

Standard & Poor's said its rating and outlook on Kellwood Co. (BB/negative) would not be affected by the company's announcement that it will acquire the assets of CRL Group LLC, which owns the Vince brand and trademarks.

The agency added that Vince is the label for a contemporary women's casual sportswear line that is sold by high-end retailers, including Nieman Marcus, Saks Fifth Avenue and Barneys New York.

This transaction will provide the much-needed entry for Kellwood into the women's better apparel category, the agency said.

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