The private-equity owners of German outdoor apparel and equipment maker Jack Wolfskin dropped their sale of the brand after failing to attract a high enough offer.
The sale of the group – which had 2010 sales of €304m (£268m) – was initially slated for the end this month. "The owners were looking for a price tag north of €800m," one of the bidders, which dropped out of the race, said, adding he had been willing to pay "€500m plus". Some bidders had offered to pay more than €600m, a source close to the sales process said.
The owners, Barclays Capital and Quadriga Capital, said they had decided not to sell Jack Wolfskin because sales and earnings this year were "significantly" above expectations.Reuse content