Home / Knowledge / News / Apparel/Garments / Pelican becomes a new shareholder of Coalision
Pelican becomes a new shareholder of Coalision
29
Jun '11
To pursue the international and retail development, Pelican, the fund headed by Bernard Mariette, has taken a 21% stake in Coalision which owns the Lole, Orage, and Paradox brands.

Bernard Mariette becomes, along with his fund Pelican, a 21% shareholder of Coalision after two and a half years of being at the head of the Canadian retail group.

The investment will enable Lole to continue its strong growth, particularly focused on retail and international.

"Pelican has not simply injected money in Coalision, but it also brings talented, passionate and engaged investors that share our sport and well-being and lifestyle focused culture," said Bernard Mariette. "I have learned through the years that the recipe for success is the magic between the shareholders, managers, employees, and the challenges to come. I am very lucky to have assembled the ingredients for this recipe at the heart of Coalision and Pelican."

Among the shareholders of Pelican, Olaf Guerrand, member of the Hermes family and administrator of the group in France and the United States joins the Coalision board of directors. He sees in the Lole brand a unique potential and one that rests on the strong well-being trend. "Ever since I have known Bernard I completely share his vision of the evolution of the sports and well-being market, and I am convinced of the potential that Lole has."

The majority owners of Coalision, Kilmer, as well as the founders of Coalision, remain investors in the company: "Coalision is developing very fast and it is important to team up with the best possible partners," said Marie-Claude Boisvert, manager at Kilmer. "We believe in Lole, Bernard's leadership, and the team that is developing the Coalision brands. We are delighted to include new partners who are of the quality of the partners of Pelican."

Created by the fusion of the words "coalition" and "collision," Coalision fully reflects the state of mind that reigns within the company: a strong coalition of individuals that results in clothing brands of Orage and Lole, which are distributed throughout a network of more than 2500 retailers in Canada, USA, Europe and Asia.

Coalision


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

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

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X