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Have you ever considered that the Prime Directive is not only not ethical, but also illogical, and perhaps morally indefensible?

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Cake day: June 11th, 2023

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  • It looks like they’ve been quite the global football.

    By 1995, the company was owned by Norwegian conglomerate Orkla. That year, Orkla sold a 50% stake in Helly Hansen to Resource Group International, which merged with Aker in 1996.

    In 1997, Investcorp bought Aker’s stake and most of Orkla’s stake, resulting in its 70% ownership of Helly Hansen, which was valued at $160 million at the time.

    In October 2006, Investcorp sold its shares in Helly Hansen to Altor Equity Partners, a private equity firm.

    In 2012, Altor sold a 75% stake in Helly Hansen to the Ontario Teachers’ Pension Plan.

    In 2015, the Ontario Teachers’ Pension Plan increased its position, acquiring Altor’s remaining stock in the business. In May 2018, Ontario Teachers sold the company to Canadian Tire for CA$985 million.