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Reuters' exclusive was published on 30 October 2023 (13:05 UTC): Alo Yoga's parent "is exploring a potential investment that could value" the brand at about $10 billion.
Recalls the late-2023 talks via Moelis at a possible $10 billion valuation, and that investors saw Bella+Canvas as complicating the pitch.[1]
"In October 2023, Alo's founders floated a stake in the company, valuing it at $10 billion, according to Reuters."[1]
Follows up the Reuters report: parent Color Image Apparel is working with investors including private equity firms and sovereign wealth funds on a possible stake sale.[1]
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