Ramblers Way, an upscale natural clothing maker based in Kennebunk and founded by Tom’s of Maine founder Tom Chappell, will open two stores in New Hampshire this month.
A Hanover, N.H., store will open Dec. 19 at 37 Main St. A Portsmouth, N.H., store, at 100 Market St., is planned for later in December.
The company is scouting locations for a Portland store.
The Manchester [N.H.] Union-Leader reports that Ramblers Way plans to raise $10 million and thus far has raised $6 million.
It plans to open as many as 30 U.S. stores in the next five years.
ADVERTISEMENT
Chappell sold an 84% stake in Tom’s of Maine in 2006 for $100 million.
Read more
