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Spyder is the largest ski-specialty brand in the world. In 2004, Apax Partners, a global private equity group, acquired Spyder. [1] Jacobs continued to direct the company as chairman of the board. Jake, his eldest son who penned the trademark spiderwebs, serves on Spyder's board of directors. The company acquired Cloudveil Mountain Works in 2008.
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In August 2021, it was announced that ABG would be acquiring the sports clothing brand Reebok from Adidas for at least US$2.5 billion in a deal expected to close in the first quarter of 2022. [31] Private equity companies CVC Capital Partners and HPS Investment Partners invested $3.5 billion in ABG in a deal that closed in November 2021. [ 32 ]
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The sale was officially announced on June 23, 2021, consisting of Izod, Van Heusen, Arrow, and Geoffrey Beene. [2] The sale was completed on August 2, 2021. Under ABG, Centric Brands was named as the licensee to manufacture and market IZOD sportswear, thus separating the marketing and manufacturing of the brand from longtime stablemate Van ...
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