Announced
Completed
Financials
Sources
Tags
athletic wear
Apparel Retailers
Acquisition
Friendly
Single Bidder
Private
Domestic
Majority
Canada
Completed
Synopsis
Aritzia, a Canada-based design house and fashion retailer of exclusive brands, completed the acquisition of Reigning Champ, a designer and manufacturer of premium athletic wear, for c.$63m. "Building on Aritzia's strong start to fiscal 2022, this acquisition meaningfully accelerates our product expansion into men's while bringing incremental growth to our already surging women's e-commerce and US businesses. Capitalizing on our world-class operational expertise and infrastructure, men's, merchandised independently, will become a meaningful part of Aritzia's platform through our Reigning Champ acquisition," Brian Hill, Aritzia Founder, CEO and Chairman.
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