Both companies declined to provide annual sales figures for Cougar and declined to specify the terms of the deal
The world of family-run Canadian winter-boot makers is a small one, and word gets around. So, in August, when Pajar Canada president Michel Golbert heard that competitor Cougar Shoes Inc. was in financial trouble, he picked up the phone. The ensuing conversation led to a deal for Montreal -based Pajar to acquire Cougar , expanding its presence in the industry at a time when“We pray for snow every year,” Mr. Golbert said in an interview Friday after the deal was announced.
“We just don’t get the winters of the severity, and early enough, to make the category robust,” Mr. Sedlbauer said in an interview. “So, the retailers are divesting from it, because it’s difficult to make money in that category.” But Pajar believes there is a promising future for the Cougar brand, which became famous throughout the 1980s for its distinctive brown leather “pillow boot,” a style that has sold more than eight million pairs since its debut in 1978.
Pajar Brand Cougar Category Business Deal Weather Burlington Romania Montreal
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