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European Commission approves Skechers acquisition by 3G Capital

Investment firm 3G Capital Partners LP (3G Capital) has been granted approval to acquire the American footwear brand Skechers. The European Commission announced this in a press release on Tuesday, July 1. Although both companies operate from the US, their activities in the European market require approval from the European Commission. Skechers...

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Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...

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