South African peloton’s Old South apparel brand goes on sale


— South Africa’s Old North apparel brand is going on sale in the U.S. at its new headquarters, which opened Tuesday, the company announced.

Old South is the first brand from the South African apparel giant to be acquired by a U.K. apparel giant, Old State, which has been looking for a new home for its Old South brand for years.

Old South is a South African brand that is owned by the United States government and has a global presence.

Old State announced it acquired Old South in 2014 for $10.6 billion.