Merino Wool Clothing Company Ibex, Closing In February
Update: March 9th, 2018 - Ibex has acquired by Flour Fund, a New York-based group of investors and should revive the brand.
Update: January 2nd, 2018 - Ibex is now being auctioned off, according to Burlington Free Press. Bids are due by Thursday for the intellectual property of the high-end wool outdoor apparel company. This includes its brand, trademarks, domain names, and customer databases. According to Ibex Chief Executive Officer Ted Manning, the winning bid could be known by next week.
Liz Robert, CEO of Terry Bicycles. She confirmed that a private equity firm Vermont Works, of which she is the director, is planning to bid.
In a statement posted on the front page of their website, Merino wool clothing company, Ibex has announced that they will cease operations in February 2018.
In a blog post entitled "End of the Trail", Ibex CEO Ted Manning writes...
“The passion inside the Ibex brand—for our products and for our customers—is very much alive, and we are confident that Ibex will get more time on the trail after we close out this current adventure. It has been an amazing one, and as we sell through our remaining products, we will remember the many great times we have all had together, and will be dreaming of what comes next.”
In the mean time, Ibex is currently holding an "End of the Trail Sale". They are also asking fans of the brand to continue to support causes that they hold dear by donating to Conservation Alliance “to help fuel and fund the protection and creation of North America’s wild places” and Outdoor Industry Association “to help folks find jobs in the amazing outdoor industry and to support its Outdoor Foundation, which focuses on getting kids outside.”
