Lolë Brands Expands Eco-Conscious Offerings By Acquiring Outdoor Lifestyle Footwear Brand Sanuk From Deckers Brands
Portfolio Pulse from Benzinga Newsdesk
Lolë Brands has expanded its eco-conscious offerings by acquiring the outdoor lifestyle footwear brand Sanuk from Deckers Brands.
August 15, 2024 | 3:01 pm
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NEUTRAL IMPACT
Deckers Brands has sold its outdoor lifestyle footwear brand Sanuk to Lolë Brands, which may impact Deckers' focus and financials.
The sale of Sanuk could allow Deckers Brands to streamline its focus on other core brands, but it may also impact its revenue in the short term. The overall impact on DECK's stock price is uncertain without further financial details.
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IMPORTANCE 70
RELEVANCE 100