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Done Deals: ABG Is Set to Acquire Eddie Bauer + More FN Staff
May 7, 2021:
SPARC Group LLC announced that it would acquire
Eddie Bauer from the Golden Gate Capital-owned PSEB Group. ABG will own the outdoor brand’s intellectual property, and its core operating business will become part of the SPARC portfolio. The transaction is expected to close by June 1. “The addition of Eddie Bauer introduces a new and highly differentiated expertise to the SPARC organization,” SPARC CEO Marc Miller said in a statement. “The brand pushes the boundaries of technical innovation and performance with award-winning outdoor product offerings, bringing an entirely new component to our fashion and lifestyle brand portfolio.” International growth will be an important part of Eddie Bauer’s new brand strategy, with near-term launches in China and Korea as well as opportunities in the Latin America, Europe and Asia-Pacific regions.
What is the FTSE 100?
The FTSE 100 is a stock index that tracks the 100 largest publicly-traded companies listed on the London Stock Exchange (LSE). The companies are ranked by market capitalisation – the combined value of the FTSE 100 is worth more than 80% of the entire LSE’s market cap.
The FTSE 100 is used as a benchmark for the economic health of the UK. If the price of the index rises, the constituents share prices are rising, which generally indicates a positive economic situation. Whereas a falling FTSE is a sign that the companies (and the wider economy) are experiencing a period of contraction.
Done Deals: VF Unloads 9 Work Brands + Nobull’s New Equity Partner FN Staff
Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com.
April 28, 2021: VF Corp. said it is selling the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The group of brands includes Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. (The sale does not involve the Dickies and Timberland Pro brands.) “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses into their
Europe Stocks Inch Higher, Shrugging Off Fresh Vaccine Jitters
This content was published on April 13, 2021 - 16:14
April 13, 2021 - 16:14
(Bloomberg) European shares ended slightly up, after briefly declining intraday following a U.S. recommendation to pause the use of Johnson & Johnson’s Covid-19 vaccine.
The Stoxx Europe 600 Index closed 0.1% higher as gains for retail and travel shares tempered declines in defensives such as utilities. Tech outperformed as semiconductor stocks benefited from a positive read-across from U.S. specialist chip firm Nvidia Corp. Miners climbed after China’s copper concentrate imports hit a record last month.
Among individual stocks, Just Eat Takeaway.com NV gained 6.7% after the food-delivery firm announced a 79% rise in first-quarter orders. JD Sports Fashion Plc added 3% after the retailer’s full-year earnings beat analyst estimates.