Blackstone news and archive

Blackstone FW23

Over the years we keep each of our designs clean. With our carefully selected, premium quality materials and eye for finishing and detail, we design shoes that last. The fit is just as important as the look of our shoes and pay close attention as we extensively test that each shoe fits perfectly. The guiding idea behind our FW23 collection is a...

Business|Beauty Featured

Blackstone to acquire majority stake in Supergoop

Blackstone Growth has announced a majority stake in sunscreen beauty brand Supergoop, which will be used to invest in innovation and marketing. Supergoop, founded by former teacher and skincare industry pioneer Holly Thaggard, has reported tremendous growth over the past five years and has become one of the first protective skincare brands that...

BusinessFeatured

Spanx sells majority stake to investment firm Blackstone

Spanx has sold a majority stake to private equity firm Blackstone in a deal that values the US shapewear brand at 1.2 billion dollars. The Atlanta, Georgia-headquartered company said the acquisition will help accelerate its digital transformation, expand its global footprint, and add new categories. Spanx founder Sara Blakely will retain “a...

Business

Crocs buying back 50 percent of Blackstone stake

Crocs Inc. plans on buying back and converting some of the preferred shares held by Blackstone Group LP in the latest sign that a multi-year turnaround effort has been working in the company's favor. The company will pay 183.7 million dollars for half the preferred stock Blackstone acquired as part of a 200 million dollar investment back in...

People

Jack Wolfskin appoints new CEO

German outdoor apparel label Jack Wolfskin has tapped Melody Harris-Jensbach as its new Chief Executive Officer, with immediate effect. Harris-Jensbach brings with her over 30 years of experience within the industry, first cutting her teeth as the head designer for Viventy by Bernd Berger. In 2008 she was appointed international product director...

Fashion

Roberto Cavalli could be close to a 450 million euro sale to Permira

Roberto Cavalli is said to be in discussion to sell a majority stake in his eponymous fashion company to private equity firm Permira, valued at 450 million euros (369 million pounds). Internal sources close to the matter told Reuters that the talks were in an advanced stage and that a deal may be agreed within the next few weeks. The discussion...

Design

Blackstone-Versace deal values the company at 1 billion euros

Gianni Versace SpA, better known as Versace, has signed an agreement with private equity firm Blackstone Group LP, in which the US firm obtains a 20 percent stake in the Italian fashion house, valuing the company at 1 billion euros. Blackstone will also inject 150 million euros of fresh capital into Versace and acquire 60 million euros of shares...

Design

Crocs raises funds from Blackstone

Crocs has announced that it has closed the previously announced investment from a fund affiliated with Blackstone to purchase 200 million dollars of newly issued series A convertible preferred stock. In connection with the closing of the transaction, the Crocs Board of Directors appointed two new members and accepted the resignation of two...

Design

Crocs inks financial partnership with Blackstone

Crocs has announced that an investment fund affiliated with Blackstone has agreed to purchase 200 million dollars of newly issued series A convertible preferred stock. In connection with the investment, Crocs intends to revise its capital structure to accommodate a 350 million dollars stock repurchase program approved by its board of directors....