Adidas'S $280 Million Sale Is New Balance
Latest news from Paris.
Adidas
The group said Monday that the company has officially SOLD The Rockport Co. to a new holding company composed of Boston Investment Securities Corp Berkshire Partners LLC and New Balance Holding Inc.
Subsequently, Rockport will face restructuring.
The paction cost US $280 million, making us $16 billion 500 million for adidali group to focus on its core business.
Rockport
Gym shoes
The brand was founded more than 40 years ago. It was founded by the father and son group Saul and Bruce Katz in the US Canton. It is the first brand in the main business of the family that is in short supply.
Rockport popularized the concept of "comfort shoes" to men, women, old and young.
As part of the paction, Drydock Footwear LLC, the parent of New Balance Affiliated Companies, Cobb Hill, Aravon and Dunham brand, will merge with The Rockport The to create the group, which will be a brand new independent company providing clothing, including the company, the company, and the company.
Casual shoes
Products.
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