Home / Knowledge / News / Apparel/Garments / Olivarius acquires sun protective clothing maker Coolibar
Olivarius acquires sun protective clothing maker Coolibar
25
Jul '16
Courtesy: Coolibar
Courtesy: Coolibar
Olivarius Hospitality California has acquired designer, manufacturer and marketer of sun protective clothing and accessories, Coolibar.

Coolibar offers apparel focused on fitness, leisure, swimwear and accessories that provide UPF 50 plus protection from ultraviolet rays and its clothing have bagged the Skin Cancer Foundation's Seal of Recommendation.

"We are excited by the opportunity to continue growing our business with a new owner that is deeply passionate about our mission to inspire healthy outdoor living,” said Kendra Reichenau, CEO of Coolibar.

"As a long-time Coolibar customer, I am deeply committed to the Coolibar mission to provide premium sun protection from the damaging effects of the sun,” Olivier Leclercq, founder of Olivarius Hospitality too said.

“I look forward to lending expertise in the areas of global expansion and growth strategies from the Minneapolis-based headquarters," he added.

Coolibar's prior investors led by LFE Capital and Aavin Private Equity will be exiting their position in the business through the transaction. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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