ACON Investments and SB360 completed the acquisition of a majority stake in True Religion.

ACON Investments, a private equity investment firm, and SB360, a North American investment and asset realization firm, completed the acquisition of a majority stake in True Religion, a lifestyle, apparel, and accessories brand. Financial terms were not disclosed. "Our partnership with ACON and SB360 represents an exciting new chapter for True Religion. With their expertise and resources, we are poised to enhance our digital and retail capabilities, accelerate our international growth and continue innovating our apparel offering. We look forward to working together as we bring True Religion's bold, authentic style to even more consumers around the world," Michael Buckley, True Religion CEO.