Renfro gets socks brand

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Fruit of the Loom, Chicago, has signed a letter of intent to sell to Renfro Corp., of Mount Airy, N.C., most of its hosiery operations for approximately $95 million. Renfro, which produces private label and branded socks, will get exclusive license to use the Fruit of the Loom trade name and trademarks for casual and dress socks. It is anticipated that Fruit of the Loom employees involved in hosiery operations will join Renfro.

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