Roots to be acquired by Roberto Cavalli parent company

The outdoor retailer Roots Inc. will become a private company following a transaction led by Marquee Brands, the parent company of Roberto Cavalli. The deal is structured to keep Roots anchored in Canadian culture. Roots Inc. was founded in 1978 and specializes in leather goods and apparel. Marquee Brands is a global fashion and lifestyle company that owns the Roberto Cavalli brand. The acquisition is part of Marquee’s strategy to expand its portfolio in North America. The transaction is expected to close in the third quarter of 2024. The deal will preserve Roots’ brand identity and operational autonomy for customers.

Source: Roots to be acquired by Roberto Cavalli parent company