Coalision (Lolë) secures $21M in financing

By

Jennifer Braun

Published
Jun 21, 2016

Coalision Inc., a Canadian-based designer and developer of lifestyle and performance apparel, including activewear brand Lolë, announced on Tuesday that it has secured $21 million in new financing.
 

 
The new financing will go towards growth and general working capital such as marketing and product development of Coalision brands, which include women's activewear brand Lolë and outdoor clothing brand Paradox.

"This financing enables us to sustain global growth across all distribution channels and safeguard against currency fluctuation and other external economic forces," says Bernard Mariette, Chief Executive Officer of Coalision, in a news statement. "At a time when the athleisure market is more dynamic than ever, with growing demand for adaptable apparel that transitions from work to workout to weekend, we are building global awareness as an industry leader. The Lolë brand, in particular, is best positioned to take the lion's share of this market opportunity […]”

The financing was led by Lune Rouge. Coalision's existing shareholders and lenders including Simon Equity Partners, members of the Hermes family and Fonds de solidarité FTQ, also joined Lune Rouge in the round.
 
Coalision was founded in Montreal in 1989. It has a presence worldwide, with brand storefronts, products and popular wellness events throughout Canada, the United States, Europe and Asia.