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Jan 13, 2014
A&B Acts For Haggar Clothing Co. in Acquisition of Tribal Sportswear
A&B acted for Haggar Clothing Co., a leader in men’s apparel for over 85 years, in its acquisition of Tribal Sportswear from Kilmer Capital Fund L.P. for an undisclosed amount.
Based in Montreal, Tribal was founded in 1976 as a women’s trouser company and, over the last several decades, has grown into an industry leading women’s sportswear business offering seasonal collections of casual and career wear to its account base of over 2,000 specialty stores across North America. The acquisition of Tribal Sportswear is expected to complement Haggar’s current women’s business, which enjoys significant distribution in Canada at both major department stores, Sears and The Bay, and is expected to grow in North America.
Aird & Berlis LLP acted as Canadian counsel to Haggar, along with U.S. counsel Arnold & Porter LLP of New York. The A&B team was led by Richard Kimel and included Melanie Cole (M&A/Corporate Finance), Barbara Worndl (Tax) and Ken Clark (Intellectual Property).