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ACON Investments, L.L.C. and its affiliates have announced the acquisition of a controlling stake in True Religion, a Gardena ...

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The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.

True Religion should differentiate itself following its acquisition by private equity investment firm ACON Investments.

Consortium Brand Partners, which also owns Reese Witherspoon's fashion label, Draper James, paid an undisclosed amount for the Jonathan Adler brand.

True Religion has been acquired by private equity firm ACON Investments and retail investment firm SB360 Capital Partners.

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Acon Investments has purchased a controlling stake in the True Religion apparel brand for an undisclosed amount.