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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.
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 ]
On 29 July 2021, GBG USA commences voluntary Chapter 11 proceedings and is putting its apparel and footwear brands up for sale with help from a $16 million bankruptcy loan. [16] It owed Kenneth Cole some $6 million in unsecured trade debt, roughly $3.6 million to ABG, [ 17 ] $2 million to Sequential Brands and $860,000 Marquee Brands.
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President-elect Donald Trump complained on Friday that American flags would still be lowered to half-staff in honor of the late President Jimmy Carter during Trump's Jan. 20 inauguration.
(Reuters) -World leaders and U.S. politicians reacted to news that former U.S. President Jimmy Carter, who as president brokered peace between Israel and Egypt and later received the Nobel Peace ...
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