Canadian hat and travel clothing manufacturer Tilley Endurables has been sold to Toronto-based investment firm Gibraltar & Company.
Tilley was founded in 1980 and was acquired by Hilco Capital from its founder, Alex Tilley, on his retirement in 2015.
Hilco has since restructured the business and expanded its product offering.
The brand is stocked across the globe and UK stockists include Cotswold Outdoor and Go Outdoors.
“Tilley’s collaboration with Hilco Capital has strengthened its core business and positioned the brand for significant growth under Gibraltar & Company ownership,” said Andrew Prendergast, president and chief executive at Tilley Endurables.