Kontoor Brands, Inc. has entered into a definitive agreement to acquire Helly Hansen, a global outdoor and workwear brand, from Canadian Tire Corporation, Limited for approximately $900 million. The acquisition, which has been approved by Kontoor’s Board of Directors, is expected to close in the second fiscal quarter of 2025, subject to regulatory approvals and customary closing conditions. Kontoor plans to finance the acquisition through a combination of available cash and debt financing.