×
60 554
Fashion Jobs
MIZZEN+MAIN
Account Executive - Specialty ne & Midwest
Permanent · DALLAS
COTY
Area Sales Manager
Permanent · Miami
LEVI'S
Part-Time Sales Supervisor
Permanent · Katy
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative -Cosmoprof
Permanent · Colorado Springs
SALLY BEAUTY HOLDINGS LLC
2nd Shift Inventory Control Specialist
Permanent · Jacksonville
NORDSTROM
Asset Protection - Agent - North Point Marketcenter Rack
Permanent · Alpharetta
NORDSTROM
Asset Protection - Agent - The Outlet Collection Rack
Permanent · Auburn
NORDSTROM
Asset Protection - Security Ambassador - Galleria at Roseville
Permanent · Roseville
LULULEMON
Assistant Manager, Operations | Cherry Creek Mall (1 Year Contract)
Permanent · Denver
LULULEMON
Assistant Manager, Operations | Bellevue Square
Permanent · Bellevue
LULULEMON
Assistant Manager, Operations (Hyde Park)
Permanent · Chicago
OLD NAVY
Assistant Manager, Customer Operations - Airport Square
Permanent · North Wales
OLD NAVY
Assistant Manager, Customer Operations - Monroe Mktplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Florida West
Permanent · Estero
OLD NAVY
Assistant General Manager, Merchandising - Jefferson Mall
Permanent · Louisville
OLD NAVY
Assistant General Manager, Merchandising - Willowbrook-Houston
Permanent · Houston
OLD NAVY
Assistant Manager, Customer Operations - Oshkosh
Permanent · Oshkosh
OLD NAVY
General Manager - Ridgewood Court
Permanent · Jackson
OLD NAVY
General Manager - Monroe Marketplace
Permanent · Selinsgrove
OLD NAVY
Asset Protection Coordinator - Portland
Permanent · Beaverton
OLD NAVY
General Manager - Tikahtnu Commons
Permanent · Anchorage
OLD NAVY
General Manager - Watertown
Permanent · Watertown
By
Reuters
Published
Jun 16, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Blackstone close to buying Wolfskin brand

By
Reuters
Published
Jun 16, 2011

June 15 - Private equity group Blackstone is close to clinching the purchase of German outdoor clothing and equipment maker Jack Wolfskin, four people close to the process said.

Blackstone
Jack Wolfskin

"Blackstone has been talking to sellers for some time," one of the people said on Wednesday.

Another person said an announcement may be made within the next couple of days, while a third cautioned the deal was not yet done and could still fall apart.

This is the second attempt by Jack Wolfskin's owners -- private equity companies Barclays Private Equity and Quadriga Capital -- to sell the company, having failed earlier this year to attract a sufficiently high offer.

The two owners said at the time they decided not to sell Jack Wolfskin because sales and earnings this year were "significantly" above expectations and valuations did not reflect that.

Blackstone is willing to pay more than 700 million euros ($1 billion), one of the sources said on Wednesday. That is at least 100 million euros more than some bids Barclays and Quadriga received in the spring.

The market for outdoor equipment has been growing at a fast pace since the 1990s, but is still dominated by midsize players like German brands Schoeffel and Vaude, or U.S.-based Patagonia.

Barclays and Quadriga have owned Jack Wolfskin since a secondary management buyout of the company from Bain Capital for 93 million euros in 2005.

According to sources, German mail order group Otto and private equity companies BC Partners and Advent had initially also shown interest in Wolfskin.

(Reporting by Alexander Huebner, Simon Meads, Arno Schuetze; editing by David Hulmes)

© Thomson Reuters 2022 All rights reserved.