The CALIDA GROUP acquires American premium lingerie and loungewear brand Cosabella. The acquisition of this internationally recognized, highly profitable company further strengthens the CALIDA GROUP’s position in its core segment of underwear and lingerie and paves the way for its US market entry with the brands CALIDA and AUBADE. The CALIDA GROUP’s proven brand expertise and platform model will unleash Cosabella’s growth potential in the US and European markets. The closing of the transaction is expected to take place in Q2 2022.
With the integration into the CALIDA GROUP, existing production sites and its branding platform will be leveraged by Cosabella, allowing for the optimization of synergies and promising growth potential in the two key markets, Europe and the US. The group further enhances its portfolio with a strong, growing, high-margin business with this acquisition. The CALIDA GROUP acquires a 100 percent stake in Cosabella for a total package of USD 80 million, including earning out, thus reinvesting the sales proceeds from MILLET MOUNTAIN GROUP in its core segment of underwear and continuing to execute the ACCELERATE 2026 strategy. In the last five years, Cosabella reached an average annual sales growth of +22% (CAGR 2017-2021) and an EBITDA margin of 16.1% in 2021 (EBITDA margin CALIDA GROUP 2021: 10.6%).
The CALIDA GROUP is a globally active company for premium underwear with its head office in Switzerland. It consists of the brands CALIDA, AUBADE, erlich textil and now Cosabella in the underwear and lingerie segment and the outdoor furniture brand LAFUMA MOBILIER.
