Reebok Owner Eyes Iconic Footwear Brand
- Ted Baker owner Reebok Authentic Brands Group (ABG) considering acquiring Hunter Boot
- Hunter Boot holds a royal warrant for footwear
- Company secured multi-million pound funding lifeline with £5m from existing shareholders and £2m from lenders
- Alix Partners advising on auction process
- Pall Mall Legacy, backed by Goldman Sachs and Three Hills Capital Partners, owns majority of shares in Hunter Boot
- Hunter founded in 1856 as North British Rubber Company
- Post-pandemic sales rebound with strong growth in China
- Hunter exits retail stores in London’s Regent Street and Woodbury, New York
The owner of Ted Baker and Reebok Authentic Brands Group (ABG) is reportedly considering a bid for Hunter Boot, according to Sky News. The footwear company, which holds a royal warrant for footwear, has seen a post-pandemic rebound in sales with revenue in China accounting for much of its recent growth. ABG may be interested in acquiring the brand as it secures funding from existing shareholders and lenders. Alix Partners is advising on the auction process. Hunter Boot was founded in 1856 as the North British Rubber Company and has since exited retail stores in London’s Regent Street and Woodbury, New York.
Factuality Level: 8
Factuality Justification: The article provides relevant information about the potential acquisition of Hunter Boot by Authentic Brands Group (ABG), the company’s financial situation, and its history and recent growth. It also mentions the involvement of various shareholders and investors. However, it could provide more details on ABG’s level of interest in acquiring Hunter Boot and the exact amount of funding provided to the business.
Noise Level: 3
Noise Justification: The article provides relevant information about the potential acquisition of Hunter Boot by Authentic Brands Group (ABG) and its financial situation, as well as some historical context on the company. However, it lacks in-depth analysis or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Hunter Boot, ABG (Owner of Ted Baker and Reebok), Pall Mall Legacy (backed by Goldman Sachs and Three Hills Capital Partners), Searchlight Capital Partners, Pentland Group (owner of Speedo)
Financial Rating Justification: The article discusses a potential acquisition of Hunter Boot by ABG, which has financial implications for the involved companies and their shareholders. It also mentions the involvement of major financial institutions like Goldman Sachs and the impact on sales revenue.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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