Blackstone Group Will Spend Nearly 1 Billion Dollars To Buy Wolf Claw Clothing.
According to foreign reports, the US Private Equity Investment Firm Blackstone Group (Blackstone) will announce a bid of 700 million euros ($993 million 900 thousand) to acquire outdoor sports in Germany.
Clothing brand
Wolf claw (Jack Wolfskin).
According to the Financial Times quoted by people familiar with the matter, Blackstone Group will announce later that it will buy the German wolf claw brand from the Barclays Private Equity and Quadriga Capital in Private.
Blackstone and Germany's wolf claw were unable to comment.
According to the report, after the Blackstone Group acquired the wolf's claws, the wolf's claw
Co founder
And CEO Hull (Manfred Hell) will leave the board of directors of the company.
Claus, a former Andreas executive of Puma brand, will join the wolf claw as the chief financial officer of the company, while the current chief financial officer, Brandt Christian, will turn to the chief operating officer of the company, Klotz (Christian).
Reuters reported in June this year that Blackstone Group is developing.
Exclusive negotiation
We intend to invest more than 700 million euros to buy wolf claw.
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