Tilley Endurables sold to U.K. com­pany

The Guardian (Charlottetown) - - BUSINESS -

TORONTO — Tilley Endurables, the Toronto com­pany be­hind the iconic Tilley hat, now has a Bri­tish over­lord but its sig­na­ture line is still as Cana­dian as maple syrup, says pres­i­dent and CEO Mary Coleen Shana­han. Tilley an­nounced Wed­nes­day it had been sold in late April to a sub­sidiary of U.K.-based pri­vate eq­uity firm Hilco Cap­i­tal, known for its in­vest­ments in dis­tressed com­pa­nies. Fi­nan­cial and other de­tails of the sale to Re: Cap­i­tal, the Cana­dian arm of Hilco Cap­i­tal, were not dis­closed.

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