Wednesday, August 21, 2013

This Post is Too Tight

"Fireman Capital sells pricey Calif. jeans maker; Rival Joe’s paying $97.6m for Hudson" by Beth Healy |  Globe Staff, July 16, 2013

Fireman Capital Partners of Boston is selling its high-end jeans maker, Hudson Clothing Holdings Inc., to Joe’s Jeans Inc. for $97.6 million, tripling its investment in four years.

Hudson makes jeans that can cost around $200 and are popular with celebrities. They are sold predominantly in upscale department stores like Nordstrom and Saks.

The sale marks the most successful investment yet for Fireman Capital, a private equity firm started in 2009 by the Fireman family that once owned sneaker giant Reebok International....

Fireman Capital focuses on consumer businesses where it can build a big brand. Other investments have included Boulder, Colo., shoe maker Newton Running and a Utah craft beer maker, Salt Lake Brewing Co..... 

I wonder how much debt he laid on them.