American Eagle Outfitters, Inc. AEO today announced the
acquisition of Tailgate Clothing Company, which owns and operates
Tailgate, a vintage, sports-inspired apparel brand with a college town
store concept, and Todd Snyder New York, a premium menswear brand.
Founder and Creative Director, Todd Snyder joins as Executive Vice
President, reporting to Chad Kessler, Global Brand President, American
Eagle Outfitters. Jimmy Olsson joins as Vice President and will continue
to lead the day-to-day operations of Tailgate and Todd Snyder New York.
The purchase price was approximately $11 million paid in cash and stock.
"We are thrilled to add these unique brands to our portfolio, which
provide exciting new business opportunities," said Jay Schottenstein,
Interim CEO. "Todd
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