Hilco Streambank is seeking offers to acquire the intellectual property assets of Ibex Outdoor Clothing (“Ibex”) including the Ibex® brand, trademarks, domain names and customer databases.
History/Overview
Ibex Outdoor Clothing Holdings, Inc. ("Ibex" or the "Company") designs, sources, manufactures, markets and distributes premium Merino wool apparel and accessories. The Company was founded in 1997 with the goal of creating a premium, performance-based alternative to synthetic outdoor apparel for the hikers, cyclists, skiers and outdoor enthusiasts of New England.
Ibex has developed unparalleled expertise in the creation of Merino wool and wool blend fabrics that offer comfort, classic style and technical benefits that meet a variety of consumer needs. Ibex manages its entire supply chain from sheep to finished goods to ensure that Ibex products are not only made with the highest quality materials and to Ibex's standards, but are also sourced in an ethical and sustainable manner. This commitment to quality and social responsibility has enabled Ibex to garner a passionate base of active, loyal and discerning consumers.
Ibex pursues an omni-channel distribution strategy. Nearly half of its revenue is generated through the direct channel which includes the Company's eCommerce business and direct mail efforts. In addition, the Company sells its products through a broad range of wholesale accounts in North America and in three Ibex-branded retail stores. Ibex is a growing and scalable business with a strong, differentiated product offering in the outdoor, performance and premium apparel segments. Its veteran leadership team has established the foundational infrastructure necessary for the business to scale. The Ibex platform is poised to experience transformational growth in the future, allowing for the realization of the Company's vision: to create the finest Merino and natural fiber clothing in the world.
Key Investment Highlights
Authentic Platform for Differentiated and Ethical Fabric Assortment
Since its founding, Ibex® has been an industry innovator in the design, production and development of Merino wool based outdoor apparel and accessories. The Ibex® brand has transformed into more than just a Merino wool expert but rather a passionate lifestyle adventure brand which closely identifies with its consumer and community. Ibex® puts thoughtful consideration toward ensuring that all materials are sourced sustainably, humanely with a focus on environmental responsibility. Ibex® ensures that each product brought to market is consistent with the brand standards which have been set for the consumer.
From the Mountain to Main Street:
The versatility of Ibex® has created a well-established devout following among fashion conscious outdoor enthusiasts seeking highly functional apparel that provides quality, practicality and comfort.