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

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Angola spends $235 mn on apparel imports in 2019

Angola spent $170 million on new imported clothes and $65 million on...

Pic: Prada Group

Fashion | On 25th Feb 2020

Raf Simons, Miuccia Prada now Prada co-creative directors

Raf Simons will join Prada as co-creative director from April 2,...

Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Dharmendra Shah, Ozone PB Spintex Limited

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Luca Formentini,

Luca Formentini

From the very beginning, Loris Bellini's aim was to produce dyeing...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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

Leave your Comments


February 2020

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


Advanced Search