Acon Investments news and archive

True Religion seeks buyer or minority investor, Reuters reports

US denim and lifestyle brand True Religion is exploring strategic options, including a full sale or the sale of a minority stake, according to a Reuters report. The potential transaction could value the company at close to 1 billion dollars, people familiar with the matter told Reuters. The El Segundo, California-based company is working with...

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Borletti Group acquires minority stake in True Religion

Investment firm Borletti Group, founded by Maurizio Borletti and Paolo De Spirt, is strengthening its position in the fashion lifestyle market after acquiring a minority stake in American denim and casualwear brand True Religion, controlled by Acon Investments. The Borletti Group, which has more than 20 years of experience investing in premium...

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Acon Investments acquires True Religion

Acon Investments has acquired a controlling stake in True Religion, a lifestyle, apparel and accessories brand. Financial terms of the transaction were not disclosed. Founded in 2002, True Religion is known for its denim and apparel offerings for over two decades. Today, the brand is an omnichannel retailer with a rapidly growing ecommerce...