Aritzia Inc. says it has purchased U.S. fashion brand Fred Segal.
Vancouver-based Aritzia would not share the value or terms of its deal but says it includes Fred Segal's intellectual property.
In tandem with the deal, Aritzia will also be leasing Fred Segal's iconic Melrose Ave. property in Los Angeles.
Aritzia didn't reveal what it will do with the brand but says it will restore the Melrose property's ivy facade, which was damaged during a recent storm, and eventually turn the site into a space for curated products and immersive experiences.
Fred Segal is known for selling trendy clothes that garnered celebrity customers and made the brand a cultural touchstone in Hollywood and beyond.
The company named after its entrepreneurial founder dates back to the 1960s but changed hands several times before closing its stores recently.
This report by The Canadian Press was first published Feb. 19, 2026.
Companies in this story: (TSX:ATZ)
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