Maryland Department of Commerce issued the following announcement on July 19.
Paul Fredrick to Locate Headquarters in Baltimore County, Add 70 New Jobs
Former Jos. A. Bank Executives Lead Online Menswear Company
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. 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,” said R. Neal Black, CEO of Paul Fredrick.
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.
“Our administration is excited that an innovative, growing company like Paul Fredrick has chosen to relocate their headquarters to Baltimore County, add 70 new jobs, and potentially develop retail locations,” said Governor Larry Hogan. “With our skilled workforce, growing economy, and open-for-business attitude, Maryland and Baltimore County is the perfect place for Paul Frederick to locate and expand their company.”
The Maryland Department of Commerce and Baltimore County are continuing to work with Paul Fredrick on its relocation project.
“Paul Fredrick’s decision to move its headquarters from Pennsylvania to Baltimore County shows confidence in the quality of our business community and our workforce. 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. “This is a testament to not only our business friendly climate, but also speaks to the strategic advantages, like our workforce, transportation infrastructure, and centralized location, that give companies in Maryland a competitive edge.”
Original source can be found here.
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