Woolrich International has announced the change of majority ownership from the ownership group led by Cristina Calori to L-GAM. A binding agreement on the sale has been reached by both parties.
The agreement with L-GAM will give the international development of Woolrich a further boost. Key to the company’s growth plans are further investments in Europe, North America and Japan, as well as plans to enter China.
Established in 1830, Woolrich is America’s oldest outdoor clothing brand and one of the world’s leading designers of outdoor lifestyle apparel. Among the brand’s symbols and iconic products are the buffalo check flannel, first launched by Woolrich in 1850, and the original Woolrich Arctic Parka, first introduced in 1972.
L-GAM (www.l-gam.com) is a long-term oriented investment company with capital commitments in excess of € 1 billion. L-GAM was established in 2013 with the backing of the Liechtenstein Princely Family and several families from Europe, Asia and the USA. Its unique and differentiated business model is based on a long-term, industrial-like investment focus and a flexible mandate to provide investment solutions throughout the capital structure. L-GAM focuses on partnering with small and medium sized companies across Europe. L-GAM has already invested in Jardiland (France), Faist ChemTec (Germany), Roberto Cavalli (Italy), Grupo BC (Spain), and Cyber Group Studios (France).