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Story summary
- Aritzia Inc., the Canadian retailer, has acquired the Fred Segal fashion brand and its IP to accelerate U.S. expansion.
- Aritzia has leased the Fred Segal storefront on Melrose Avenue in Los Angeles to create an experiential destination, attracting a new generation of shoppers, with the ivy-covered facade restored.
- The company previously purchased Reigning Champ.
- U.S. sales grew by 53.8%.
- Net revenue rose nearly 43% in the latest quarter.
