Calida acquires premium brand Cosabella

Calida is acquiring a one hundred percent share in Cosabella. According to a press release, the globally active underwear company from Oberkirch in the canton of Lucerne sees the acquisition of the “highly profitable” North American premium brand for lingerie and loungewear as an ideal starting point for entry of its Calida and Aubade brands into the North American market. Cosabella will serve as “the US hub for the successful geographical expansion of the Calida Group”. At the same time, Cosabella offers potential on the European market that is still largely untapped as a family company with Italian roots.

The transaction is expected to be concluded in the second quarter of 2022. With this, the Calida Group is reinvesting the proceeds from the sale of the Millet Mountain Group in April 2022 into its core segment of underwear. According to the information provided, Cosabella, which has 50 employees, has increased its annual sales by 22 percent on average over the past five years. In 2021, this amounted to 29 million US dollars, while the EBITDA margin was 16.1 percent.

Guido Campello, Managing Director of Cosabella, states: “With the Calida Group’s famous brand expertise and shared platform, we will be able to capitalize on global synergies.” He adds that both companies share the same values of “high quality craftsmanship, inclusiveness, comfort and European production”.

Chairman of the Board of Directors of the Calida Group Hans-Kristian Hoejsgaard comments: “With the acquisition of the strong e-commerce brand Cosabella, we continue focusing the Calida Group on its core segment while simultaneously enhancing its online growth. This transaction is completely in line with the strategy ACCELERATE 2026 and highly accretive for all stakeholders.”