Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The new round of funding was led by one of Coalision's existing shareholders, Lune Rouge, various lenders, members of the Hermes family and a Québec solidarity fund. Coalision is run by Bernard Mariette, the former president of Quiksilver.
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