Kane, Blue Tattoo Deal Falls Through
Womenswear manufacturer Karen Kane has decided not to buy Los Angeles denim maker Blue Tattoo after a deal was announced one month ago.
Lonnie Kane, president of Karen Kane, said the principals decided the merger wasn’t in their best interests.
After the deal was announced in late June, Blue Tattoo employees moved into the Karen Kane headquarters in Commerce, Calif., and the operator was answering the phone, “Karen Kane, Blue Tattoo.”
Jim Shaffer and his wife, Marie Kennedy Shaffer, started Blue Tattoo six years ago. They weren’t available for comment at press time. —Deborah Belgum
