Textile maker Shason to invest $3.4 billion in US and Canadian brands to increase market share

Shason, the global apparel retailer, has agreed to buy Canadian apparel company Pollack Textiles for $3,440 million, its largest-ever acquisition.The deal will increase Shason’s global textile market share by 1.2% to 46% from 41.4%, according to a filing Friday with the U.S. Securities and Exchange Commission.Shason also plans to increase its footprint in the U, […]