Pacific Vector Holdings Inc. /quotes/zigman/18034071/realtime CA:PVH +8.33% (“Pacific Vector” or the “Company”) a premier action sports retail and consumer brands company announced today that it has completed the transaction with DNA LLC which was previously announced on October 2, 2013. The Company has been operating the DNA LLC brand under an agreement since October 2nd which is the time between signing and close.
Through its wholly owned subsidiary, PVH DNA Inc., the Company purchased a controlling interest in DNA LLC (“DNA”) and has entered into an ongoing licensing agreement with DNA LLC which allows PVH DNA Inc. to capture 100% of the operations going forward.
DNA owns iconic skateboarding brands Alien Workshop, Habitat and Reflex, which have been in operation for over 23 years with trailing twelve months sales of over $7.5 million … More