Jack Wolfskin owners decide not to sell - sportstextiles: Lea SportsTextiles

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Jack Wolfskin owners decide not to sell

26/04/2011
The owners of German outdoor apparel and equipment maker Jack Wolfskin have announced that no sale of the company will go ahead. They had put the company up for sale, asking for prospective buyers to submit definitive bids by the end of March, but it has emerged that owners, Barclays Capital and Quadriga Capital, have decided not to sell because none of the bids they received has been high enough.

Barclays Capital and Quadriga had hoped to attract more than EUR 800 million for the company, Reuters has reported, but the highest bids are believed to have been closer to EUR 600 million.

Jack Wolfskin had sales of EUR 304 million in 2010.

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