×
60 438
Fashion Jobs
MICHAEL KORS
pt Sales Supervisor
Permanent · Greater Los Angeles
NEIMAN MARCUS
Sales Manager, Handbags - Las Vegas
Permanent · Las Vegas
BLOOMINGDALE'S
Registry Consultant, Full Time - Short Hills
Permanent · Millburn
MACY'S
Asset Protection Detective, Walnut Creek Broadway Plaza - Full Time
Permanent · Walnut Creek
MACY'S
Asset Protection Detective, Valley Fair - Full Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Valencia Town Center - Full Time
Permanent · Santa Clarita
MACY'S
Asset Protection Detective, Pentagon City - Part Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Deerbrook Mall - Full Time
Permanent · Humble
MACY'S
Asset Protection Detective, Orland Square - Part Time
Permanent · Orland Park
ROSS STORES
Senior Manager, Fixture Quality
Permanent · Dublin
OLD NAVY
District Manager - Colorado South
Permanent · Lakewood
OLD NAVY
General Manager - Shops at Stonewall
Permanent · Gainesville
NORDSTROM
Assistant General Manager - Ruscello - South Coast Plaza
Permanent · Costa Mesa
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
TJX COMPANIES
Product Manager
Permanent · Framingham
HOMEGOODS
70118-lp Detective
Permanent · Raleigh
TJ MAXX
District Loss Prevention Manager - Los Angeles, ca
Permanent · Culver City
TJX COMPANIES
Loss Prevention Investigator (National Task Force) - Deptford, nj
Permanent · Deptford
TJ MAXX
Warehouse Supervisor
Permanent · University Park
TJX COMPANIES
Product Manager
Permanent · Framingham
TJ MAXX
Loss Prevention Detective
Permanent · Somerville
TJ MAXX
tj Maxx Loss Prevention Detective Full-Time
Permanent · Denver
By
AFP
Translated by
Roberta HERRERA
Published
May 20, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 © 2022 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.