Calida Group sells Cosabella after sales decline
Calida Group has sold its luxury lingerie brand Cosabella to Crown Brands Group.
The transaction includes the Cosabella trademark and related intellectual property rights.
Calida Group acquired Cosabella for $80 million in 2022 as part of an effort to strengthen its department store and digital businesses.
The sale is part of Calida Group’s strategy to simplify its portfolio and focus on its strongest businesses.