Jack Wolfskin Reports Growing Sales
The German outdoor brand’s sales gained 12% to €351 million ($372 million) and was profitable from an operating standpoint last year according to a report by Textilwirtschaft. The rebound follows a sales decline of more than €30 million to €314 million in 2015 due to a channel cleanup following over-distribution in the stagnant home market. Company management said that pre-orders for the spring were up by 9%.
Jack Wolfskin was taken over in 2011 by Blackstone, the private equity firm, in a leveraged buy-out for an estimated €650 million. Reuters reported last year that the group’s lenders had been alarmed by ... Log in to view full article.