A group of investors led by Bertrand Cesvet, a Canadian business leader, completed the acquisition of Kanuk, the outerwear clothing brand. Financial terms were not disclosed. "We are very pleased to see Bertrand Cesvet take control and direction of Kanuk. He has repeatedly demonstrated his ability to grow brands. His expertise is recognized, and the future of Kanuk appears more promising than ever," Pierre Simard, Corporation Financière Champlain CEO.