RUMOR HAS IT…

MR has learned from a reliable source that the iconic Hickey Freeman factory in Rochester New York is up for sale. Apparently, two companies have individually approached Samuelsohn about acquiring the facility, affectionately known as “The Temple of Fine Tailoring.” Crafting luxurious, top quality made-to-measure and off-the-rack suits for almost 125 years, this much admired factory (founded by Jacob Freeman and Jeremiah Hickey in the early 1900s) has produced tailored clothing for numerous U.S. presidents, world leaders, celebrities and for upscale retailers across the country. Combining the artistry of handcraftsmanship with the consistency of modern technology, this facility is unparalleled, not just in America but around the globe.

Why would Samuelsohn sell this prized possession, an updated factory that boasts more than 200 expertly trained technicians and artisans? Working capital challenges since Covid and the fact that the company has already moved much of its production to Montreal makes this a not-so-surprising undertaking. (Editor’s note: it is only the factory, not the highly revered Hickey Freeman brand, that appears to be on the selling block.)

To be continued…