Canadian outerwear brand Moose Knuckles has received a strategic investment from Bosideng, China’s largest retailer and manufacturer of down jackets. The company did not disclose the terms of the agreement.
Cathay Capital, the New York-based private equity firm that acquired a stake in Moose Knuckles in 2019, remains its majority shareholder.
The funding will enable Moose Knuckles to continue its global retail expansion.
The company operates 36 stores in North America, Europe, and China. Bosideng’s operations experience in Asia will help the brand expand its regional retail presence.
Victor Luis, Moose Knuckles’s chief executive and Tapestry’s former chief executive, said the brand also plans to continue expanding its collections and categories. “Our collaboration with Bosideng will be a catalyst for our growth in Asia,” said Luis.
Aligned with the investment, Ayal Twik and Noah Stern, who co-founded Moose Knuckles in 2009, will exit as shareholders.
Image courtesy Moose Knuckles
