American Eagle Outfitters Acquires Tailgate Clothing Company for $11M in Cash, Stock

American Eagle Outfitters, Inc.

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