Moose Knuckles announces Victor Luis as investor and executive chairman

Canadian luxury outerwear and sportswear brand Moose Knuckles has declared that ex - Tapestry Inc. leader Victor Luis is signing up for as an trader and executive chairman, as the company appears to accelerate global production plans.

In a statement, Moose Knuckles explained that Victor Luis had produced a “significant investment” in the strong, and can become an “functioning partner” alongside the Canadian brand’s founders and co-chief executive’s, Noah Stern, Ayal Twik and their own families, and global investment strong Cathay Capital.

How big is the Luis’ stake and financial terms were not disclosed.

With Luis’ guidance, the blissful luxury Canadian brand is looking to broaden and accelerate its growth, with a particular concentrate on China. Presently, Moose Knuckles operates 11 brick-and-mortar retailers, incorporating three in China, and it shared strategies to open an additional ten shops by the end of 2022.

Noah Stern and Ayal Twik, o-chief executive’s at Moose Knuckles, said in a assertion: “We are really excited to spouse with Victor on our brand’s subsequent chapter. He includes a proven track record of growing makes globally at an unprecedented charge. We could not become more thrilled to possess Victor on board to help fuel and steer our intercontinental expansion.

“We are very proud that people have been in a position to create among the most effective growing fashion brands on the globe. Taking on an executive with Victor’s pedigree will help us struck that bigger gear.”

Moose Knuckles targets China next “significant investment” from Victor Luis
Moose Knuckles is one of the fastest-developing luxury outerwear brands and has been quickly diversifying its growth across product classes and international markets, reporting significant double-digit year-on-year growth during the past five years.

From 2016 through Q1 2021, it has recorded a compound total annual growth fee of nearly 50 percent, and in the past year, the brand has experienced a nearly triple-digit increase in direct-to-consumer sales.

The brand has a strong foundation in North America and European countries and is now seeking to bring its sleek aesthetics and craftsmanship to Asia, specifically China, the single greatest geographic chance of luxury goods.

Alongside its freestanding stores, Moose Knuckles also offers its outerwear and apparel in 30 countries through luxury suppliers including Selfridges in the UK, Holt Renfrew in Canada, Saks Fifth Avenue in the US, Isetan in Japan and Lane Crawford in Hong Kong. The outerwear company has office buildings in Montreal, New York, Milan, London and Shanghai.

Mark Woods and Andre Puong, companions of Cathay Capital, added: “Victor is a good world-class, visionary head who brings extraordinary high class experience on a global basis. As Cathay Capital and Moose Knuckles’ amazing founders turn to significantly scale the company globally, we consider our partnership with Victor will propel Moose Knuckles additional as a high modern luxury outerwear person.”

Luis is an sector veteran with global encounter, following decades of manufacturer building with corporations including French luxury organizations Moet-Hennessy Louis Vuitton, Baccarat, and Coach. He is probably most widely known for transforming Coach. He joined the manufacturer in 2006 as president and leader of Mentor Japan before becoming chief executive of Mentor Inc in 2014, where he changed the brand in to the multi-brand participant Tapestry Inc., combining Trainer with Kate Spade and Stuart Weitzman.

Commenting on his purchase in Moose Knuckles, Luis, said: “I have always been attracted to the chance in the fast-developing and highly fragmented high class outerwear space, and Moose Knuckles can be uniquely positioned to have a leadership posture in this market.

“I am extremely excited to aid Noah, Ayal and the global Moose Knuckles crew as we leverage the solid foundation they have created to bring our tradition of superior quality, exclusive design and manufacturer narrative to fans around the world.”

Luis is also an unbiased director of Farfetch Ltd. and Deckers Outdoor Corp., the parent firm of Ugg, Hoka, and Teva.