US lifestyle and clothing retailer American Eagle Outfitters has acquired Quiet Logistics for $360 million. The move will help the company to strengthen its control over its supply chain. As per an Apparel Resources report, the deal will make Quiet Logistics a wholly owned subsidiary of American Eagle Outfitters. However, the logistics firm will continue to run its business independently.
The acquisition will support American Eagle Outfitters’s continued growth, while also driving economies of scale as it expands its customer base to other brands and retailers seeking advanced logistics capabilities.”
American Eagle Outfitters Inc. operates 901 American Eagle stores, 175 Aerie stores and 2 Todd Snyder stores in the US, Canada, Mexico and Hong Kong. In 2020, the company’s revenues totaled $3.759 billion.
