Carter's Buys Bonnie Togs

US apparel marketer Carter’s, Inc. agreed to acquire Canadian children’s apparel retailer Bonnie Togs for approximately $98 million. Bonnie Togs operates 59 retail stores in Canada and sells products under the Carter’s and OshKosh B’gosh brands, as well as other private label and national brands. Carter asserted it could operate about 160 stores contributing total annual revenues of more than $200 million by 2016.