Nacabi Trading Inc. has completed a transaction to acquire Tehama, founded in 1997 by veteran designer Nancy Haley and Hollywood icon Clint Eastwood and a company that had been rumoured to be available for over a year.
“We were immediately drawn to Tehama’s philosophy, culture and story,” said Canadian Steven Banks, who becomes the company’s chief executive officer. “Our vision is to evolve the foundation of the brand that was so appropriately established 13 years ago.
“We believe in the integrity of Tehama, its people and its quality garments,” added Banks.
Gord Peters, another Canadian who becomes company president, agreed. “We see endless opportunity for this brilliant brand to move through the upscale sportswear industry into a whole host of related lifestyle categories,” said Peters.
Nacabi plans to bring Tehama’s distribution to specialty retailers on an international level, and its management has had experience with highly regarded brands through its businesses, Gordon Mitchell, Inc. and Jensan Apparel, Inc.
In addition to its signature brand, Gordon Mitchell has held licenses for Alfred Sung and Jack Victor, while Jensan Apparel has had licensing arrangements for Alexander Julian-Canada and Mexico, Bill Blass Dress Shirts and Boston Traders Sportswear.
“Nacabi brings the capital, knowledge and experience to take the Tehama brand to new levels within the golf, resort and mainstream retail markets,” said Haley, who will remain involved as vice chair of the advisory committee for Tehama.
“Nacabi and I have the same vision of maintaining the Tehama brand as an industry leader for many years to come,” she added.
The company will be headquartered in Palm Beach Gardens, Florida, with operating offices in Denver and Toronto.