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Champlain Financial consortium acquires La Canadienne

An investor group led by Champlain Financial Corporation, including Fondaction and Investissement Québec, has acquired La Canadienne, a leader in the manufacturing, distribution and retailing of women’s winter footwear.

The investor group, which counts the company’s founder Penny Shuster among its key investors, is looking to build upon La Canadienne’s solid brand foundation and broaden its customer base across the globe.

Nicholas Martire (incoming CEO) and Nicolas Topiol (incoming Chairman) have joined the leadership team and will be spearheading the company’s growth initiatives. Topiol is the current CEO of international fashion house Maison Christian Lacroix, while Martire previously held the position of SVP, International at The Aldo Group.

Source: Private Capital Journal