USA: Columbia Purchases Sorel Brand For $8 Million
International outdoor apparel and footwear manufacturer Columbia Sportswear Company (Nasdaq:COLM) has received approval from the bankruptcy judge of the Ontario Superior Court of Justice to acquire the Sorel brand. Columbia acquired the Sorel trademark rights, associated brand names and other related intellectual property rights for approximately $8 million in cash. The transaction closed September 22, 2000. "The Sorel brand is highly regarded by retailers and consumers throughout the world," said Tim Boyle, Columbia's president and chief executive officer. "We are pleased with the rapid closure of this transaction, and will now devote our efforts to integrating the production of Sorel branded merchandise into our business." William H Kaufman Inc, owner of the Sorel brand, recently entered into bankruptcy proceedings. The company's assets, including inventory, equipment and real property were offered for sale individually or as a group. Columbia chose only to acquire the Sorel brand. Founded in 1938 in Portland, Oregon, Columbia Sportswear Company designs, manufactures, markets and distributes active outdoor apparel and footwear. As one of the largest outerwear manufacturers in the world and the leading seller of skiwear in the United States, the company has developed an international reputation for quality, performance, functionality and value. For more information about Columbia Sportswear, visit the website at
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- Apparel factory auditing is in the firing line
- $1.7bn package to boost Pakistan clothing exports
- Cambodia clothing exports at risk from Brexit
- Apparel brands urge Bangladesh PM to address wages
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016