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.
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