Blackstone&Nbsp; Group Acquired Jack&Nbsp; Wolfskin Brand.
Blackstone Group said on Thursday that
Buy
The German outdoor clothing retail brand Jack Wolfskin.
The details of the acquisition were not announced, but it was reported that Blackstone Group had spent $1 billion to buy it successfully, and the acquisition is expected to be completed in August.
Blackstone Group said on Thursday that it had acquired German outdoor clothing.
retail
Brand Jack Wolfskin.
The details of the acquisition were not announced, but it was reported that Blackstone Group had spent $1 billion to buy it successfully, and the acquisition is expected to be completed in August.
Dr.Axel Herberg, managing director of Blackstone Group, said: "the outdoor clothing brand market has been growing continuously, while the Jack Wolfskin brand occupies an important share in the market.
Jack Wolfskin
management layer
We have confirmed our business capabilities, and we hope to enhance the brand's influence in Germany and the global market in the future.
The Wolfskin brand was founded in 1981. The former owner was Quadriga Capital and Barclays Private Equity. They bought Wolfskin at the price of 90 million euros in 2006.
In 2010, sales of Wolfskin brands increased by 21% to $401300000.
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