Maryland Department of Commerce issued the following announcement on July 19.
Paul Fredrick, an online provider of high-quality menswear, is moving its corporate office from Pennsylvania to Baltimore County and expects to add 70 new jobs over the next five years. The company plans to lease up to 10,000 square-feet of space in the county where it will establish its new headquarters later this year. Led by former Jos. A. Bank senior executives, Paul Fredrick is also looking into adding a retail storefront component in the region.
“We are pleased to be moving our office to Baltimore County,” said R. Neal Black, CEO of Paul Fredrick. “Our team is looking forward to being in the greater Baltimore area, which has a long history in the apparel manufacturing business, and where we have the ability to hire from the area’s rich talent pool and terrific local colleges and universities.”
Founded in 1986, Paul Fredrick originally specialized in men’s dress shirts and over the years has grown its collection to include suits, sport coats, pants, ties, cufflinks and other men’s accessories, as well as men’s casual wear and shoes. For the past 30 years, the company has sold its apparel and accessories strictly through its catalog and website, without breaking into the retail sector. The company named CEO Neal Black and CFO David Ullman – both former senior officials at Jos. A. Bank – to its executive team earlier this year. The company’s majority owner is ClearLight Partners, a private equity firm based in Newport Beach, California.
“These 70 high-level executive, merchandising and marketing positions are just the types of jobs that keep our vibrant economy moving forward,” said Baltimore County Executive Don Mohler.
“We’re thrilled to welcome Paul Fredrick to Maryland and look forward to helping the company grow its footprint in the region,” said Maryland Commerce Secretary Mike Gill.
Original source can be found here.
Source: Maryland Department of Commerce
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