News Formal

Exclusive-Alo Yoga parent seeks investment at $10 billion valuation -sources

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 30, 2023 | SaltWire - Alo Yoga's parent company is exploring a potential investment that could value the U.S. maker of celebrity-donned workout clothes at about $10 billion, according to people familiar with the matter.

The potential investors, which include private equity firms and sovereign wealth funds, have discussed structuring a deal so that they receive preferential returns or debt-like protections, the sources added. The company's bestsellers include $128 leggings and $108 sweatshirts. Alo has also expanded into footwear, beauty and wellness categories.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX Transfers Over $10 Million Worth of SOL Tokens, Bearish Market Indicators for SolanaFTX, the infamous crypto exchange, has transferred more than 300,000 SOL tokens worth over $10 million, causing bearish market indicators for Solana.
Source: CryptoAmb - 🏆 22. / 68 Read more »