Announced
Financials
Sources
Tags
Private
Canada
Acquisition
Private Equity
lifestyle brand
Minority
Pending
Single Bidder
Friendly
Clothing and Accessories
backpacks
Synopsis
Eurazeo, a global investment company, agreed to acquire a minority stake in Herschel Supply, a design-driven global lifestyle brand, for $60m. “Herschel has established a strong, authentic brand that has enabled them to design, market, and sell timeless and high-quality accessories, addressing the needs of today’s modern, multi-tasking consumer. Herschel reimagined the backpack and in doing so changed the category forever, but that was just the beginning. We are thrilled to partner with Herschel management, ACG and HOOPP to leverage the company’s powerful customer engagement and accelerate growth across categories, channels and geographies,” Adrianne Shapira, Eurazeo Managing Director.
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