Canadian Tire to sell Helly Hansen to U.S. clothing brand

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

********* Tire to sell Helly Hansen to U.S. clothing brand

By Tara Deschamps

The ********* Press

Posted February 19, 2025 10:03 am

1 min read

Descrease article font size

Increase article font size

********* Tire says it has signed an almost $1.3-billion deal to sell Helly Hansen to a U.S. owner of several clothing brands.

This is the hidden content, please

• Sign In
• or
• Sign Up

********* Tire says the agreement will see the sportswear company wind up in the hands of Kontoor Brands, which owns Wrangler, Lee and Rock & Republic.

********* Tire, which also owns SportChek and Mark’s, framed the ***** as a way for it to increase its focus on its ********* retail portfolio and unlock value for the company and shareholders alike.

This is the hidden content, please

• Sign In
• or
• Sign Up

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

The Toronto-based retailer says the deal with Kontoor is expected to close in the second quarter of this year, but is subject to regulatory approvals and customary closing conditions, including a supply agreement.

Trending Now

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  Food prices in Canada down first time in 8 years: StatCan

• This is the hidden content, please

  • Sign In
  • or
  • Sign Up

  ********* woman loses both hands after shark encounter in Turks and Caicos

The multi-year supply deal will allow ********* Tire and its brands to continue to sell Helly Hansen products.

********* Tire bought Helly Hansen in 2018 through a $985-million deal with the Ontario Teachers’ Pension Fund, but the brand dates back to 1877, when sea captain Helly Juell Hansen enlisted his wife Margrethe to help him find a way to cope with Norwegian weather.

More on Lifestyle
More videos

&copy 2025 The ********* Press

This is the hidden content, please

• Sign In
• or
• Sign Up

#********* #Tire #sell #Helly #Hansen #U.S #clothing #brand

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up