Hansen purchased Musto from Phoenix Equity Partners.
The Blauer family retains the remaining 50 percent of the brand.
The Montreal-based outerwear maker adds apparel to its branded line, as well as a lower-priced sister line.
Multifunctional innerwear was the prevailing trend at the Curve New York trade show.
The luxury down coat brand is on the road to being a $1 billion company.
The eight to 10 producers in Italy that the company relies on are trained to know they need to continually research new techniques, cuts and furs.
Luis said there is a global cyclical shift away from apparel toward accessories.
The brand is run by Claudio Marenzi, the second generation of the Italian luxury outerwear brand.
The company will also expand its e-commerce presence to seven new European markets.