NEW YORK--(BUSINESS WIRE)--Hampshire Group, Limited (OTC Markets:HAMP), updating its May 23, 2016 SEC filing on Form 8-K regarding its credit agreement, today announced that the Company to date has not secured a new credit facility to replace its previous agreement with its lender. Additionally, the Company’s lender has declined to extend the forbearance and maturity date beyond June 3, 2016; accordingly, Hampshire currently is in default of the credit agreement.

Hampshire continues to explore various alternatives, including an orderly wind down of its operations. Management plans to provide further updates on Hampshire’s situation as new information becomes available.

About Hampshire Group

Hampshire Group, Limited (www.hamp.com), along with its wholly-owned subsidiary, Hampshire Brands, Inc. is a provider of fashion apparel across a broad range of product categories, channels of distribution and price points. The Company specializes in designing and marketing men’s sportswear to department stores, chain stores and mass market retailers under licensed brands, our own proprietary brands and the private labels of our customers.