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WOLFSKIN’S POSSIBLE SALE: A new buyer is in sight for German outdoor specialist Jack Wolfskin. Quadriga Capital, which owns the brand along with Barclays Private Equity, said exclusive talks with American private equity firm The Blackstone Group are well under way. According to Quadriga, all parties aim to conclude negotiations in the third quarter of 2011. While financial details were not disclosed, sources placed Blackstone’s bid at 700 million euros, or about $1 million at current exchange.
Wolfskin was founded in 1981 as a private label of the Frankfurt outdoor retailer Sine. Based in Idstein near Frankfurt, there are more than 400 Jack Wolfskin stores, of which 220 are in Germany. In 2010, sales gains in the western European and Chinese markets helped boost sales 21 percent to 304 million euros, or $401.3 million at the average exchange rate for the period.