Kontoor Brands (NYSE: KTB), a global lifestyle apparel company with a portfolio that includes Wrangler and Lee, has signed a definitive agreement to acquire Helly Hansen, the global outdoor and workwear brand. Under the terms of the agreement, Kontoor Brands will acquire 100 percent of Helly Hansen from Canadian Tire Corporation for $900 million.
Kontoor expects Helly Hansen to generate more than $680 million in revenue and $80 million in adjusted Ebitda for full-year 2025.
Read the full article on our sister website The Outdoor Compass.
