Torrid will open its first international store in Toronto next week. Torrid, the sister brand of Hot Topic, sells apparel for plus-size women.
Torrid has been selling fashion apparel in larger sizes in the U.S. since 2001, Financial Post reported. Torrid currently has 290 U.S. stores and the Toronto location will be its first foray outside of the United States.
"The vibrant Canadian market is the perfect fit with our expansion plans," Torrid's CEO, Lisa Harper, said in a statement, according to Financial Post. "We have a robust online business there, and it makes perfect sense for our first international store to open in Toronto."
Sycamore Partners acquired Hot Topic in 2013 and opened its first namesake store in Canada in 2010. The private equity firm recently made headlines for acquiring Belk for $3 billion.
Sycamore also recently purchased 330 Family Dollar stores. The discount retailer had agreed to rebanner a handful of Family Dollar (NYSE:FDO) stores upon completion of the acquisition by Dollar Tree (NASDAQ:DLTR) for $8.5 billion.
-See this Financial Post article
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