Gap founders acquire Ariat brand
Outdoor footwear and apparel brand Ariat International is to be sold to an existing shareholder, the Fisher family of San Francisco; the family that founded the Gap brand.
Ariat primarily produces Western and English boots, but has diversified into related footwear and added denim, apparel and accessories to its product range.
Beth Cross, chief executive officer and co-founder of Ariat, said: "We are thrilled to be expanding our partnership with the Fisher family, who share our passion for the company and the Ariat brand.
"Their deep experience as business leaders will provide a strong strategic foundation for the Company's long term growth opportunities."
John Fisher, who will serve on the Ariat board, said: "For
almost 20 years, we have been partners with Beth and her management team as
they built Ariat into a world-class company and brand. We are excited to
continue that partnership and support the next phase of Ariat's global growth
plans."
