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Dec 23, 2021 · Crocs (CROX) has acquired HEYDUDE™, a privately-owned casual footwear brand, for $2.5B.The deal value will be funded by $2.05B in cash and $450M in company's shares.The company expects...
- Niloofer Shaikh
Dec 23, 2021 · Crocs has agreed to acquire fast-growing casual footwear brand Heydude in a $2.5 billion deal aimed at expanding Crocs’ total market, the clog maker announced Thursday. The deal includes around ...
- Ben Unglesbee
Jul 11, 2022 · CREDIT: Hey Dude. Crocs has already laid out big plans for its first-ever acquired brand and said it expects Hey Dude see between $700 and $750 million in fiscal year 2022 and become $1 billion ...
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Forbes Middle East. <p>Alessandro Rosano’s contrarian playbook for the comfort-footwear company: no financing and minimal marketing. It worked so well he sold to Crocs for $2.5 billion.</p>.
Apr 16, 2024 · Hey Dude has a new leader at the helm. The Crocs Inc.-owned footwear brand on Tuesday announced the appointment of Terence Reilly as its new president, marking the executive’s return to Crocs ...
Apr 12, 2023 · And Crocs CEO Andrew Rees has confidently predicted that Hey Dude will surpass $1 billion in sales in 2023. Fueling its business is a strong consumer following. In LEK Consulting’s second annual ...
Dec 23, 2021 · Other Hey Dude facts: 95% of the brand’s revenue comes from the U.S. market, even though the brand was founded in Italy; Digital makes up 43% of sales; Crocs believes Hey Dude can become a $1 billion brand by 2024. The deal is expected to close in Q1. Here is the official press release: Crocs Inc. to Acquire Casual Footwear Brand HEYDUDE