Home / Knowledge / News / Apparel/Garments / Differential Brands completes acquisition of Swims AS
Differential Brands completes acquisition of Swims AS
21
Jul '16
Courtesy: Differential Brands
Courtesy: Differential Brands
Differential Brands Group said it has completed the acquisition of Scandinavian lifestyle brand, Swims AS, known for its range of fashion-forward, water-resistant footwear and sportswear.

Swims distributes its products worldwide through high-end department stores, independent specialty stores, luxury resorts and also through its own website and through ten licensed Swims branded stores.

According to the company, the acquisition and related expenses were financed through a combination of Differential's common stock totaling approximately 700,000 shares, certain warrants and cash.

Differential acquired the brand by also obtaining a $13.0 million bridge financing facility to facilitate closing of the transaction.

Michael Buckley, CEO of Differential Brands said, “We believe that Swims offers significant growth opportunity through increased brand awareness and continued expansion in the US and global markets.”

Alex Eskeland, president of SWIMS too said, "We are excited to partner with the Differential Brands team to capitalise on their expertise and infrastructure, as well as leverage their omni-channel distribution strategy.” (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search