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Why Is Crocs Acquiring Hey Dude? | SGB Media Online

Shares of Crocs fell 11.6 percent last Thursday after the company announced plans to acquire casual shoemaker Hey Dude for a whopping $2.5 billion. On an analyst call, Crocs’ CEO Andrew Rees identified eight strategic advantages to the acquisition while analysts generally found more potential benefits than risks.

Apple Now Most Popular Watch Brand Among Upper-Income U S Teens, Unseating Rolex

Apple is now the most popular watch brand among upper-income teenagers in the United States, a new survey by Piper Sandler has shown. Teen.

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