"Tribal is one of the most well respected women's wear brands in the boutique channel of distribution throughout North America," said Michael Stitt, CEO of Haggar Clothing Co., based in Dallas, Texas. "The company and brand are recognized for their high standards of quality, trend-right collections, and customer-centric corporate philosophy."
"Haggar's culture and core values towards their employees, customers and suppliers are shared by those at Tribal and were an important part of our discussions," said William Fitz Blackburn, acting CEO of Tribal and Partner at Kilmer Capital Partners. "The union of Haggar and Tribal represents a tremendous opportunity in women's sportswear and an exciting new chapter for Tribal and its dedicated employees."
Tribal will continue to be based in Montreal and will be led by Steven Richman, who will serve as President of the new division. "I am very excited that Haggar shares the same recognition of the unique position in the independent boutique channel that Tribal has earned," said Richman.
"Tribal's strong position in the boutique channel is in many ways thanks to its dedicated and creative workforce. With Haggar's vast resources, Tribal will be able to leverage and continue building and growing the brand." Steven Richman will work alongside Brian Main, President of Haggar Canada Co.
"I am very impressed with the Tribal associates I have met and worked with during our due diligence process, and I am excited to work with Steve to continue to build our women's business," stated Brian Main. "The entire team is passionate, committed, and skilled, and we are confident that the brand is poised for continued growth."
The acquisition of Tribal Sportswear is expected to complement Haggar's current women's business, which enjoys significant distribution in Canada at both major department stores, Sears and The Bay, and is expected to grow in North America.
"Tribal's highly valued boutique customers, the majority of which are in the United States, provide diversification in terms of our channels of distribution," said Stitt. "The talented design and sourcing teams at Tribal's headquarters provide the foundation for meaningful growth of our women's wear business throughout North America."
Apparel/Garments | On 26th Oct 2016
SGS, a leading inspection, auditing, certification, testing, and...
Textiles | On 26th Oct 2016
International Textile Group (ITG) has been acquired by Platinum...
Textiles | On 26th Oct 2016
Senator Sheldon Whitehouse and the University of Rhode Island...
‘Online economy has changed the whole dynamics of buying habits.’
Angelina Francesca Cheang
'Consumers in the age-group 21 to 38 are driving the activewear trend'
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Sonam and Paras Modi's Sva Couture is synonymous with head-turning...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Apparel/Garments | On 24th Oct 2016