Woolrich Sells Stake to Goldwin, Plans Major Revamp

NEW YORK — Woolrich has a new partner.
The venerable American label that has been producing wool in Pennsylvania since 1830, has sold a minority stake in its business to Goldwin Inc., a Tokyo-based manufacturer and seller of technical sportswear to expand the label internationally.
Under the terms of the deal that will be announced today, Goldwin has purchased shares from WP Lavori in Corso, Woolrich International’s majority shareholder, and has also committed a “dedicated capital increase.”
Terms of the deal were not disclosed.
As a result of the partnership, Goldwin will create a new premium outdoor collection that will incorporate state-of-the-art technology with a modern design aesthetic. The first men’s line will debut for fall 2018 and will target fashion and outdoors retailers in North America, Europe and Asia.
“This is a new chapter in Woolrich’s story since the brand has historically produced the core of our product with wool and we will now increase our offering adding new performance technologies for a new generation of outdoor enthusiasts,” said Andrea Cane, Woolrich’s creative director. “I’ve always respected Goldwin’s dedication to the development of superior performancewear. Their vision to invent creatively, and their uncompromising attention to function is what makes them a leader in the

Follow WWD on Twitter or become a fan on Facebook.

Read More…      

Posted in Uncategorized.