Blackstone acquires Jack Wolfskin
21/07/2011
“We are pleased to have Blackstone on board as a long-term oriented and experienced strategic investor,” said Christian Brandt, chief finance officer of Jack Wolfskin.
Dr Axel Herberg, senior managing director at Blackstone in Germany, commented: “Jack Wolfskin is an exceptional company and unique brand. Blackstone is very experienced at supporting successful and high-growth companies and will continue to drive the internationalisation and the successful strategy of Jack Wolfskin together with the management team.”
Chief executive officer, Manfred Hell, will leave Jack Wolfskin after nearly 25 successful years. He said: “It was a unique opportunity and an indescribable experience for me to lead a small company in a market that was just emerging, developing it into what it has become today. As difficult as it naturally is to move on, I have decided that this is the right time for me to take this step. I have placed the company into new hands for its future development, and I am sure its successful path will be continued.”
The company said it would appoint a new chief executive shortly and that it was already talking to “a few outstanding candidates with international experience”.
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