ODLO, a performance brand owned by Monta Rosa Capital and located in Switzerland has agreed terms to acquire Henri-Lloyd Group (H-LG). H-LG, which is based in Manchester, was founded in 1963 and specialises in sailing and outdoor lifestyle clothing, will retain its full staff of 85 in the city.
Henri-Lloyd chair Hans Eckstrom said: “The acquisition of Henri-Lloyd by ODLO opens up tremendous opportunities for the brand to reach its true potential to the benefit of all shareholders, both current and future. Joining a family of successful companies that share values and goals will accelerate our growth. Most importantly that journey will be based on quality, innovation and striving for sustainability – principles that the Henri-Lloyd team hold dearly.”