Woolrich International and L-Gam Advisors Sarl, a Luxembourg-based investment company established in partnership with the Princely Family of Liechtenstein, have signed a binding agreement for the acquisition by L-Gam of a majority of the Woolrich International’s shares. The companies will release further details after the closing.
The agreement marks a further step in the globalization process of Woolrich International Group. Following the merger of Woolrich Europe with the American parent company in 2016, in 2017 the group entered into a minority financial partnership and an industrial agreement with the Japanese outdoor giant Goldwin.
The agreement with L-Gam, a long-term oriented investment company, aims to give further impetus to Woolrich’s international expansion plan in Europe, North America, Japan and an entry into China by 2019.