Haggar Clothing Co. Acquires Tribal Sportswear
Dallas-based men's and women's apparel manufacturer Haggar Clothing Co. has acquired Montreal-based
women's sportswear manufacturer Tribal Sportswear from Kilmer Capital Fund L.P. for an undisclosed
Tribal Sportswear was established in 1976 as a women's trouser company and now sells its casualwear and careerwear in more than 2,000 specialty stores in North America. Haggar expects its acquisition of the company will complement its own current women's business in Canada at Sears and The Bay, and expand that business's presence in North America.
Tribal will retain its Montreal headquarters. Steven Richman has been appointed president of the new division and will work alongside Haggar Canada Co. President Brian Main.
"I am very excited that Haggar shares the same recognition of the unique position in the independent boutique channel that Tribal has earned," Richman said. "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."
December 3, 2013