 In 2004, the factory underwent extensive renovations, funded in part by $4 million in state taxpayer money and $1 million from Rochester city taxpayers.In 2012, Authentic Brands Group, an intellectual property corporation with a mandate to acquire, manage and build long-term value in prominent consumer brands, purchased Hickey Freeman along with HMX's other properties.In 2013, Grano Retail Investments Inc., also owner of luxury tailored menswear brand Samuelsohn Ltd., acquired the assets of Hickey Freeman including the Rochester, NY factory.