Kontoor Brands Enters Definitive Agreement to Acquire Helly Hansen
02/19/25, 11:40 AM
Location
greensboroIndustry
retail
manufacturing
fashion
Type
agreement
Kontoor Brands, Inc. has announced the signing of a definitive agreement to acquire Helly Hansen, a global outdoor and workwear brand, from Canadian Tire Corporation. The acquisition is expected to accelerate growth and earnings potential while enhancing the company's strong cash flow profile.
Company Info
Location
greensboro, north carolina, united states
Additional Info
Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures, distributes, and licenses superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.