MONTREAL, June 29, 2011 /CNW Telbec/ - To pursue the international and
retail development, Pelican, the fund headed by Bernard Mariette, has
taken a 21% stake in Coalision which owns the Lole, Orage, and Paradox
Bernard Mariette becomes, along with his fund Pelican, a 21% shareholder
of Coalision after two and a half years of being at the head of the
Canadian retail group. The investment will enable Lole to continue its
strong growth, particularly focused on retail and international growth.
"Pelican has not simply injected money in Coalision, but it also brings
talented, passionate and engaged investors that share our sport,
well-being and lifestyle focused culture", says Bernard Mariette. "I
have learned through the years that the recipe for success is the magic
between the shareholders, managers, employees, and the challenges to
come. I am very lucky to have assembled the ingredients for this recipe
at the heart of Coalision and Pelican".
Among the shareholders of Pelican, Olaf Guerrand, member of the Hermes
family and administrator of the group in France and the United States,
joins the Coalision board of directors. He sees in the Lole brand a
unique potential and one that rests on the strong well-being trend.
"Ever since I have known Bernard I completely share his vision of the
evolution of the sports and well-being market, and I am convinced of
the potential that Lole has".
The majority owners of Coalision, Kilmer, as well as the founders of
Coalision, remain investors in the company: "Coalision is developing
very fast and it is important to team up with the best possible
partners", says Marie-Claude Boisvert, manager at Kilmer. "We believe
in Lole, Bernard's leadership, and the team that is developing the
Coalision brands. We are delighted to include new partners of such high
quality as is Pelican".
Created by the fusion of the words "coalition" and "collision,"
Coalision fully reflects the state of mind that reigns within the
company: a strong coalition of individuals that results in clothing
brands Orage and Lole, which are distributed throughout a network of
more than 2500 retailers in Canada, USA, Europe and Asia. www.coalision.com
For further information:
Joëlle Langevin 514 524-1471 firstname.lastname@example.org
Natalie Bibeau 514 803-1471 email@example.com