Home Must Reads Columbia Sportswear acquires California apparel brand

Columbia Sportswear acquires California apparel brand

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Must Reads
Wednesday, April 30, 2014

The Portland-based company will purchase prAna for $190 million in cash.

PrAna makes sustainable apparel for yoga and outdoor activities, including climbing. It will remain based in Carlsbad and operate as a Columbia subsidiary.

Columbia also reported a record $424 million in first-quarter sales, 22 percent higher than the same quarter last year and well above the $398 million expected by Wall Street analysts. Net income increased 120 percent to $22.3 million, or $0.63 per share, also above analyst expectations of $0.33 per share.

Read more at Portland Business Journal

 

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