Investment will help Garmont continue to grow
22/01/2018
Wayne Edy, a long-term distributor of the Garmont Tactical line in North America, has acquired a 25% stake in the company. He purchased the shares previously held by investment firm Veneto Sviluppo.
In 2014, Veneto Sviluppo and Garmont’s current majority shareholder Prisma 2 joined forces to finance the global relaunch of the brand.
“We warmly welcome Wayne to Garmont,” said Pierangelo Bressan, president of Garmont International. “Many thanks to Veneto Sviluppo which contributed significantly to the relaunch of the brand.”
For his part, Garmont’s director of operations, Marco Sancandi, said the fresh investment will allow the company to “pursue growth objectives” and to continue with its focus on innovation.
Garmont will unveil its new autumn/winter product line at the forthcoming Outdoor Retailer + Snow Show in Denver, US (January 25-28).
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