Berkshire Partners news and archive

Adidas FY14 sales rise

Shares of Adidas AG gained around 4 percent in Germany after the Sports goods giant reported Friday higher sales in fiscal 2014, with both top and bottom-line reaching financial targets on an underlying basis. The company also announced a definitive deal to sell its Rockport business for 280 million dollars. In its financial update, the company...

Business

Adidas to sell Rockport business to new entity

Sports goods giant Adidas said that it has entered into a definitive agreement to sell its Rockport business to a new entity formed by Berkshire Partners and New Balance for a total consideration of 280 million dollars, most of which will be paid in cash with the remainder comprised of notes. According to the company, New Balance will contribute...

Fashion

Opening Ceremony takes first outside investment

Trendy New York-based fashion retailer Opening Ceremony, co-founded by Humberto Leon and Carol Lim, has confirmed plans to “accelerate growth” as it takes its first outside investment from private equity firm, Berkshire Partners. The Boston-based Berkshire Partners has taken a minority investment in the 12-year-old retailer and has announced...