’47 Buys Old Time Sports
‘47, Boston, a premium sports lifestyle brand, announced the acquisition of National Hockey League (NHL) lifestyle apparel licensee Old Time Sports.
The financial details of the deal were not disclosed, but the transaction is expected to finalize in January 2016.
Under the deal’s terms, Old Time Sports will operate as an independent brand under ’47 and its ownership will remain active in the business’s daily operation.
“We are on an aggressive track to become the leader in the sports lifestyle licensing business,” says ’47 co-owner Steven D’Angelo. “Old Time Sports has a track record of solid talent and innovation. This partnership not only reinforces a strong foothold for ’47 in NHL, but adds the benefit of significant operational capabilities that will bring value across divisions.”
For more information, visit 47brand.com. — J.B.