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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report(Date of earliest event reported)August 31, 1998
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OXFORD INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Georgia 1-4365 58-0831862
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
222 Piedmont Avenue, N.E., Atlanta, Georgia 30308
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(Address of principal executive offices)
(Zip Code)
(404) 659-2424
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year, if changed
since last report.)
INFORMATION TO BE INCLUDED IN REPORT
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Item 2. Acquisition or Disposition of Assets
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Oxford Industries, Inc. (the Registrant) through its wholly-
owned subsidiary, Oxford of South Carolina, Inc., has acquired a
significant amount of assets outside the ordinary course of
business. Registrant purchased substantially all the assets from
Next Day Apparel, Inc. ("seller"). The purchased assets are
those typically used in an apparel manufacturing and marketing
business including but not limited to, finished goods, work in
process, machinery and equipment, substantially all of the equity
in two manufacturing plants located in Honduras, trademarks,
goodwill, and raw materials and supplies. Registrant intends to
continue to use the purchased assets as they were used by seller
in the business of manufacturing and marketing women's apparel.
The Registrant gave consideration in the amount of approximately
$25,000,000 to seller on August 31, 1998. The consideration was paid in
cash. The amount of consideration was determined through arm's length
negotiations between seller and Registrant. The Registrant may pay seller
additional amounts up to a total of
$15,000,000 as "earnout" payments over a five year period if the acquired
business
meets certain mutually agreed financial performance standards. The
Registrant acquired
the assets using funds extended against Registrant's existing lines of
credit from
various banks made in the ordinary course of business.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
OXFORD INDUSTRIES, INC.
(Registrant)
/s/ PAUL J. SONI
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Date: September 2, 1998 Paul J. Soni
Chief Accounting Officer