Outdoor Voices acquired by Consortium Brand Partners following store closures and layoffs

With a growth strategy and expansion plan in place, Outdoor Voices is focusing on product, community engagement, and getting back to its roots. (Credit: Courtesy of Consortium Brand Partners)

Activewear brand Outdoor Voices, the direct-to-consumer darling that shuttered all 16 of its retail stores in March, has been acquired by private equity firm Consortium Brand Partners, according to a press release.

Financial terms were not disclosed, and Outdoor Voices will continue to sell exclusively online. There are no immediate plans to reopen retail stores, but CBP is bullish on brick-and-mortar retail.