Aeropostale Inc. a mall-based specialty retailer of casual and active apparel for young women and men announced that it has acquired online women's fashion footwear and apparel retailer GoJane.
Based in Ontario, California, GoJane is a rapidly growing women's fashion retailer, with an extensive footwear assortment and a select offering of fashion apparel and accessories. The Company was founded in 1998 by Tony Pang and Kurt Kimura, and generated approximately $19.0 million in revenue in Fiscal 2011.
Thomas P. Johnson, Chief Executive Officer of Aeropostale, Inc., said, "We are very excited about our strategic acquisition of GoJane, which complements our fast growing e-commerce business as we expand into new product categories and offerings. We have been impressed with the development of the GoJane brand, and the entrepreneurial spirit and talent of the senior management team. We expect a seamless transition of this new business from a strategic, operational and cultural perspective."
"We are thrilled to become part of the Aeropostale family and find a partner that shares our values and vision for the GoJane business." said Tony Pang, Co-Founder of GoJane. Mr. Pang continued, "We look forward to sharing our respective customer bases, and leveraging Aeropostale's best in class infrastructure to develop and grow the GoJane business."
Terms of the deal were not disclosed.
GoJane is an online retailer that focuses primarily on fashion footwear, with a select offering of contemporary apparel and other accessories.
Aeropostale, Inc. is a primarily mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores.