Authentic Brands has purchased the HMX Group, which owns Rochester-based Hickey Freeman.
HMX filed for Chapter 11 bankruptcy in October, leading to the sale.
Senator Charles Schumer released a statement about the sale, saying that Authentic Brands plans to keep Hickey Freeman and its workers in Rochester.
Hickey Freeman is a men's suit manufacturer that employs 450 people.
The deal is said to be worth around $70 million.