86 626
Fashion Jobs
MACY'S
Retail Fulfillment Associate, University Park Mall - Part Time
Permanent · MISHAWAKA
MACY'S
Asset Protection Captain, Interstate - Full Time
Permanent · RAMSEY
MACY'S
Retail Fulfillment Associate, Ventura Pacific View - Part Time
Permanent · VENTURA
MACY'S
Asset Protection Detective, South Beach - Full Time
Permanent · MIAMI BEACH
MACY'S
Asset Protection Security Guard, Garden State Park - Full Time
Permanent · CHERRY HILL
MACY'S
Retail Fulfillment Associate, White Oaks - Part Time
Permanent · SPRINGFIELD
MACY'S
Retail Fulfillment Associate, Galleria at Pittsburgh Mills - Part Time
Permanent · TARENTUM
MACY'S
Asset Protection Captain, Orland Square - Full Time
Permanent · ORLAND PARK
MACY'S
Asset Protection Security Guard, Queens Center - Part Time
Permanent · NEW YORK
MACY'S
Retail Fulfillment Associate, Village at Fairview - Part Time
Permanent · FAIRVIEW
MACY'S
Asset Protection Detective, Marley Station - Part Time
Permanent · GLEN BURNIE
MACY'S
Asset Protection Security Guard, Broadcasting Square - Part Time
Permanent · WYOMISSING
MACY'S
Asset Protection Security Guard, Winter Garden Village - Part Time
Permanent · WINTER GARDEN
MACY'S
Manager, Asset Protection
Permanent · SPRINGFIELD
MACY'S
Asset Protection Security Guard, Centerton Square - Part Time
Permanent · MOUNT LAUREL TOWNSHIP
MACY'S
Retail Fulfillment Associate, Westland - Part Time
Permanent · HIALEAH
MACY'S
Asset Protection Security Guard, Bloomingdale Court - Part Time
Permanent · BLOOMINGDALE
MACY'S
Retail Fulfillment Associate, Cumberland Mall - Full Time
Permanent · ATLANTA
MACY'S
Asset Protection Security Guard, Broadcasting Square - Full Time
Permanent · WYOMISSING
MACY'S
Retail Fulfillment Associate, Riverpark - Part Time
Permanent · FRESNO
MACY'S
Retail Fulfillment Associate, Shoppes at Buckland Hills - Part Time
Permanent · MANCHESTER
MACY'S
Retail Fulfillment Associate, Empire - Part Time
Permanent · SIOUX FALLS
By
AFP
Translated by
Roberta HERRERA
Published
May 20, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Calida drives U.S. expansion by acquiring lingerie brand Cosabella

By
AFP
Translated by
Roberta HERRERA
Published
May 20, 2022

Switzerland's Calida Group, owner of French lingerie brand Aubade, announced on Thursday it has acquired family-owned lingerie company Cosabella for $80 million (€75.8 million), as it looks to gain a foothold in the United States.


With this acquisition, the Calida Group continues its expansion in the United States - Cosabella


The acquisition of Cosabella will allow the Swiss group to strengthen its core business after selling sportswear brand Millet Mountain while paving the way for its entry in the American market with its brands Calida and Aubade, as stated by the company.

Cosabella, founded in 1983 by an Italian couple living in the United States, achieves more than half of its sales online, a good strategic fit since the brand is focusing heavily on e-commerce.

The company, which employs a total of 50 people, generated revenues of $29 million in 2021, with an average sales growth of 22% over the past five years, as detailed by the Swiss group. 

The transaction is expected to close in the second quarter of 2022.

"Cosabella provides an ideal hub to launch our brands Calida and Aubade in the U.S. market," stated Timo Schmidt-Eisenhart, the group's CEO, in the press release. He also plans to strengthen the brand awareness of Cosabella in Europe.

The brand was created by Valeria Campello, who in the early 1980s decided to leave Italy to relocate to Miami.

After noticing how Italian products were very popular in America, she began importing products from Italy before launching her own Italian-made lingerie collection that caters to the modern American woman, as detailed in the brand's website.

The purchase of Cosabella represents the second acquisition deal made this year by Calida, which bought the German sustainable lingerie brand Erlich Textil in February.

The group, known in Switzerland for its Calida pajama brand, announced last year that it was seeking acquisitions in the lingerie sector in order to reorient its activities towards its core business after a major reorganization of its business.

After selling brands Oxbow and Eider, the group completed its pullback from the sportswear industry by selling Millet Mountain Group in early February to the grandson of the outdoor apparel brand's founder.

The Swiss group had said that it would use the earnings from that transaction to make acquisitions in the intimates sector.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.