Switzerland's Calida Group, owner of French lingerie brand Aubade, has acquired family-owned lingerie company Cosabella for $80 million (€75.8 million), as it looks to gain a foothold in the United States.
The mountain apparel brand and the Boardriders group’s skateboarding label have designed the ‘Concrete Jungle’ collection, straddling board sports and climbing, and featuring a special selection of high-performance gear.
Swiss group Calida has bought German lingerie brand Erlich together with its parent company, the Vorfreude group, closing fiscal 2021 with sales up 19.2%, record profits and all its brands posting double-digit growth.
Timo Schmidt-Eisenhart, who has served at VF Corp brand's including The North Face, Timberland and Napapijri, will take over as leader of Switzerland's Calida Group in early 2021, succeeding Reiner Pichler.
On Tuesday, outdoor apparel specialist Lafuma, owned by Swiss group Calida, announced it has received a firm acquisition offer for its mountain apparel brand Eider from its South Korean distributor K2.