Consumer Products Acquisitions in California

California Consumer Products Deals

California-based consumer products deals here span multiple lifestyle and performance categories—from skincare and sun protection to premium audio and apparel.

Recent transactions include brand acquisitions and take-privates, where buyers like RoundTable Healthcare Partners, Sunderstorm, Gordon Brothers, Marquee Brands, Designworks Collective, and 3G Capital either add new consumer brands to a portfolio or reposition a brand’s distribution and product roadmap.

Across these California deals, a recurring theme is building growth through operating resources: scaling channel penetration, expanding product categories, and leveraging retail, licensing, manufacturing, and distribution infrastructure—sometimes while keeping the acquired brand operating as a distinct identity.

What Stands Out

  • Portfolio building is common: buyers such as Marquee Brands (with Stance) and Designworks Collective (with Oré Originals) expand into adjacent lifestyle categories.
  • Beauty and wellness show up repeatedly, including skincare and sun protection (Colorescience), beauty brand consolidation (KVD Beauty), and consumer wellness investments (Bloom Nutrition).
  • Audio and connected lifestyle brands also feature, with HARMAN expanding its premium audio portfolio through the acquisition of Sound United.
  • Distribution and licensing are central levers in several deals, such as Marquee’s global licensee setup for Stance and Gordon Brothers’ plan to expand licensing/product categories for Rachel Zoe.
  • Private ownership and brand-led continuity appear in different forms, including 3G Capital taking Skechers private while keeping leadership in place, and some deals keeping the acquired brand running as a distinct brand.
  • Buyer
    Monterey Bay Herb Co.
    Target
    NP Nutra
    Type
    Buyout

    Monterey Bay Herb Co. (MBHC) announced it is acquiring NP Nutra, a supplier of specialty nutraceutical ingredients and botanical extracts. The deal expands MBHC’s nutraceutical capabilities with additional SKUs, sourcing expertise, and planned enhancements to processing, quality systems, and commercial footprint, while NP Nutra continues operating from its Carson, California facility.

  • Buyer
    RoundTable Healthcare Partners
    Target
    Colorescience, Inc.
    Seller
    1315 Capital, Group of shareholders (led by 1315 Capital)
    Type
    Buyout

    RoundTable Healthcare Partners has acquired Colorescience, a premium, science-driven skincare and sun protection brand, from a group of shareholders led by 1315 Capital. The transaction will support Colorescience's next phase of growth—accelerating channel penetration, expanding brand awareness, and broadening its product portfolio while leveraging RoundTable's operating resources.

  • Buyer
    Sunderstorm
    Target
    Lime
    Type
    Buyout

    Sunderstorm, the California-based maker of KANHA, has acquired Lime, a California pre‑roll brand founded in 2019 that is carried in hundreds of licensed dispensaries. Lime will continue to operate as a distinct brand while leveraging Sunderstorm's manufacturing, supply‑chain and operating infrastructure to scale distribution and expand into national markets.

  • Buyer
    Gordon Brothers
    Target
    Rachel Zoe, Inc.
    Type
    Buyout

    Gordon Brothers has made a majority investment in the intellectual property and related consumer business of the Rachel Zoe brand. Rachel Zoe remains a significant shareholder and will continue as Founder and Chief Creative Officer while Gordon Brothers will expand licensing, product categories, experiences and distribution to drive growth.

  • November 19, 2025
    Buyer
    Marquee Brands
    Target
    Stance
    Type
    Buyout

    Marquee Brands has acquired Stance, the San Clemente-based lifestyle and performance sock brand. The deal brings Stance into Marquee's global portfolio (backed by Neuberger Berman) and pairs the brand with United Legwear & Apparel Co. (ULAC) as its global licensee for most territories to drive product, retail and e-commerce expansion.

  • Buyer
    Designworks Collective
    Target
    Oré Originals
    Type
    Buyout

    Designworks Collective, a Nashville-based lifestyle design house, has acquired Oré Originals, the Long Beach, California company behind the Sugarbooger children's line and Speckle & Spot pet collection. The acquisition expands Designworks Collective's portfolio into children's and pet lifestyle categories and will leverage the buyer's retail and showroom channels to grow product distribution and international reach.

  • Buyer
    HARMAN International, Samsung Electronics Co., Ltd.
    Target
    Sound United
    Seller
    Masimo Corporation

    HARMAN International, a subsidiary of Samsung Electronics, has completed the acquisition of Sound United, the former consumer audio business of Masimo Corporation. The deal transfers Sound United's portfolio of premium audio brands — including Bowers & Wilkins, Denon, Marantz, Polk Audio, HEOS, Classé, Definitive Technology and Boston Acoustics — to HARMAN, expanding its product offerings across home, personal and automotive audio; media reports value the transaction at approximately $350 million.

  • Buyer
    Windsong Global
    Target
    KVD Beauty
    Seller
    Kendo (LVMH)
    Type
    Addon

    Windsong Global has acquired KVD Beauty from Kendo (an LVMH-owned incubator) and will fold the brand into its multi-brand platform Belle Brands. Terms were not disclosed; Windsong plans a rebrand, SKU rationalization and to lean into eye and lip categories while leveraging KVD's retail distribution and social following to revive growth.

  • September 12, 2025
    Buyer
    3G Capital
    Target
    Skechers U.S.A., Inc.
    Seller
    Skechers stockholders (selling shareholders; including Supporting Stockholders such as Robert Greenberg and members of the Greenberg Family)
    Type
    Buyout

    Skechers U.S.A., Inc. agreed to be acquired by 3G Capital in a cash deal valued at $63.00 per share, with an option for some shareholders to receive a mixed consideration alternative. The transaction has been completed, and Skechers will no longer trade on the NYSE under ticker SKX.

  • Buyer
    Nutrabolt
    Target
    Bloom Nutrition

    Nutrabolt has made a new, significant investment in Bloom Nutrition, expanding a strategic partnership that began with a minority stake in January 2024. The investment strengthens Nutrabolt's consumer wellness portfolio and supports Bloom's continued product and distribution expansion while Bloom's founders remain in control of the brand.

  • September 9, 2025
    Buyer
    BBQGuys
    Target
    Mont Alpi
    Type
    Buyout

    BBQGuys, the Baton Rouge–based e-commerce retailer owned by Brand Velocity Group, has acquired Mont Alpi, a premium manufacturer of modular outdoor kitchen islands and grills. The acquisition expands BBQGuys' portfolio of owned brands (joining Blaze and PCM), strengthens its turnkey outdoor kitchen capabilities, and aims to accelerate product innovation and go-to-market reach while keeping Mont Alpi's leadership and operations in place.

  • Buyer
    JustBrand Limited
    Target
    Venture Heat
    Type
    Buyout

    JustBrand Limited, the Philadelphia-based owner of multiple heated and cooling apparel brands, has acquired Venture Heat, a pioneer in battery-heated gear. The deal strengthens JustBrand's R&D, product lineup, and retail distribution in heated apparel across consumer, tactical and industrial end markets.

  • Buyer
    Freeman Spogli
    Target
    Philz Coffee
    Type
    Buyout

    Philz Coffee, the specialty coffee brand, has reached a definitive agreement to be acquired by Freeman Spogli, a strategic growth investor focused on the consumer and multi-unit industries. The deal is expected to close on August 6, 2025, with Mahesh Sadarangani continuing as CEO and the existing leadership team staying in place.

  • Buyer
    TeedUp DF, LLC, Dan Costa
    Target
    Linksoul
    Type
    Buyout

    Linksoul, the California-based golf lifestyle apparel brand, was acquired by serial entrepreneur Dan Costa through his newly formed entity TeedUp DF, LLC. Costa will invest in infrastructure and leverage his operational ecosystem to accelerate Linksoul's growth while promoting internal leadership (Jeff Ellis promoted to VP of Sales).

  • Buyer
    Better Being Co.
    Target
    Honey Gardens
    Type
    Addon

    Better Being Co is merging the Honey Gardens brand with its ZAND Immunity portfolio to create a unified apitherapy and immunity-focused product line called Honey Gardens by ZAND Bee Therapy. The move consolidates Honey Gardens' bee-based supplements (propolis, royal jelly, syrups) under ZAND’s whole-body wellness platform to expand product offerings and support growth.

  • Buyer
    Affiliates of CriticalPoint
    Target
    Pura Vida Bracelets
    Seller
    Vera Bradley, Inc.
    Type
    Buyout

    Affiliates of CriticalPoint have acquired consumer wearables brand Pura Vida Bracelets from Vera Bradley, Inc. CriticalPoint will install Ryan Heuser (co‑founder and former president of Paul Frank) as Pura Vida's CEO and intends to apply its operational expertise to accelerate the digitally native brand's growth.

  • Buyer
    ANTA Sports
    Target
    Jack Wolfskin
    Seller
    Topgolf Callaway Brands Corp.

    Topgolf Callaway Brands has completed the sale of its Jack Wolfskin business to ANTA Sports for $290 million, subject to customary closing adjustments. The transaction closed effective May 31, 2025, and Topgolf Callaway Brands said proceeds enhance financial flexibility ahead of its planned separation of Topgolf.

  • Buyer
    e.l.f. Beauty (e.l.f. Beauty, Inc.)
    Target
    rhode
    Type
    Buyout

    e.l.f. Beauty (e.l.f. Beauty, Inc.) signed a definitive agreement to acquire rhode, the multi-category lifestyle beauty brand founded by Hailey Bieber, in a $1 billion deal. The transaction includes $800 million at closing (cash and stock) plus up to $200 million in potential earnout consideration, and is expected to close in the second quarter of fiscal 2026.

  • Buyer
    KNS International, Centre Partners
    Target
    Birdies
    Type
    Addon

    KNS International, a Centre Partners‑backed e-commerce footwear platform, has acquired Birdies, a direct-to-consumer women's footwear brand founded by Bianca Gates and Marisa Sharkey. The deal brings Birdies into KNS's portfolio (which includes Journee, Taft and Vance) with Gates joining KNS as Brand President to help scale the brand's DTC and wholesale distribution.

  • February 25, 2025
    Buyer
    10Beauty
    Target
    Clockwork
    Type
    Buyout

    10Beauty, a Burlington, Massachusetts-based robotics company, has acquired Clockwork, the San Francisco startup behind an AI-powered, fully autonomous nail-painting robot. The acquisition brings Clockwork's IP, computer vision, and customer insights into 10Beauty's tech stack to accelerate the launch of 10Beauty's full automated manicure system.

  • Buyer
    Sky Marketing Corporation
    Target
    Prima
    Type
    Buyout

    Austin-based Sky Marketing Corporation has acquired Prima, the CBD-focused skincare, body care and supplements brand, for an undisclosed amount. The deal brings Prima back from a 2023 pause and adds high-quality CBD skincare and body care to Sky Marketing’s hemp-focused house of brands; Prima co-founder Jessica Assaf will remain involved as an advisor.

  • Buyer
    Peterson Partners
    Target
    Gloss Ventures

    Salt Lake City-based Peterson Partners has provided $15 million of growth capital to Gloss Ventures, the Los Angeles-based brand incubator and parent of viral beauty brand Sacheu Beauty. The funding will be used to expand product categories, build the team, scale direct-to-consumer operations and accelerate international and retail distribution.

  • Buyer
    USANA Health Sciences, Inc.
    Target
    Hiya Health Products, LLC
    Type
    Buyout

    USANA Health Sciences acquired a 78.8% controlling stake in Hiya Health Products, LLC for approximately $205 million in cash, closing December 23, 2024. The acquisition expands USANA's direct-to-consumer presence in the children's health and wellness market and is expected to be accretive to USANA's 2025 adjusted EBITDA.

  • Buyer
    Salt Creek Capital
    Target
    Eight One Int'l d/b/a Carrie Amber Intimates
    Type
    Buyout

    Salt Creek Capital has acquired Eight One Int'l d/b/a Carrie Amber Intimates, a designer, manufacturer and wholesaler of women’s intimate apparel headquartered in El Monte, California. The private equity firm will partner with CEO Vinh Luong and existing management to accelerate growth initiatives and expand the company’s market presence in the off-price and broader women's intimates channel; Caryn Lerner and Greg Shugar have joined the board as operating advisors.

  • Buyer
    Highlander Partners, L.P.
    Target
    The Ergo Baby Carrier, Inc. (Ergobaby)
    Seller
    Compass Diversified (NYSE: CODI)
    Type
    Buyout

    Highlander Partners, a Dallas-based private investment firm, has acquired The Ergo Baby Carrier, Inc. (Ergobaby) from Compass Diversified (NYSE: CODI). Ergobaby, a Los Angeles–based global leader in premium baby carriers with roughly 170 employees and distribution in over 75 countries, will be positioned for growth under Highlander's buy-and-build strategy; terms were not disclosed.

  • Buyer
    CurrentBody
    Target
    Tria Beauty
    Type
    Buyout

    CurrentBody has completed the acquisition of Tria Beauty, the pioneer in at‑home laser hair removal and skin rejuvenation devices. The purchase brings Tria into CurrentBody's Beauty Tech portfolio alongside CurrentBody Skin and ZIIP, expanding CurrentBody's capabilities in clinical-grade at‑home beauty technology.

  • Buyer
    Blo Blow Dry Bar
    Target
    LashBar
    Type
    Addon

    Blo Blow Dry Bar, North America’s leading blow dry bar franchise, has acquired California-based lash extension franchise LashBar. LashBar’s founders will merge the brand into Blo’s LashKind platform, expanding Blo’s franchise portfolio, product distribution and unit growth opportunities.

  • Buyer
    BRANDED
    Target
    Heyday
    Type
    Buyout

    BRANDED has acquired Heyday and combined the businesses to form Essor, a digitally-native consumer products (CPG) platform that will house a portfolio of challenger health & wellness and lifestyle brands. Essor will operate brands across DTC and major retailers, has approximately $400 million in annual revenue across the consolidated portfolio, secured new equity and a credit facility, and will be led by BRANDED and Heyday leadership.

  • Buyer
    Kaulig Capital, Kaulig Companies
    Target
    Wolf & Shepherd

    Kaulig Capital, the private investment arm of Kaulig Companies, has made an investment in Wolf & Shepherd, a direct-to-consumer premium footwear brand founded by Justin and Hope Schneider. The capital will support the brand’s continued retail and e‑commerce growth as Wolf & Shepherd expands its presence in stores and its flagship retail footprint.

  • Buyer
    Lolë Brands
    Target
    Sanuk
    Seller
    Deckers Brands

    Lolë Brands, a Montreal-based apparel company, has acquired outdoor lifestyle footwear brand Sanuk from Deckers Brands. Under the new ownership Sanuk will receive renewed investment, relocate operations with a new Los Angeles office, and be led by newly appointed VP, General Manager Katie Pruitt to prioritize direct-to-consumer and wholesale growth.

  • Buyer
    TSG Consumer Partners
    Target
    Summer Fridays
    Seller
    Prelude Growth Partners

    TSG Consumer Partners has made a strategic growth investment in Summer Fridays, the Los Angeles-based clean skincare and hybrid makeup brand. Co-founders Marianna Hewitt and Lauren Ireland retain a significant stake while Prelude Growth Partners exits its investment; the capital will support product development, brand-building, and global expansion.

  • Buyer
    West Lane Capital Partners LLC
    Target
    Beauty Bakerie
    Seller
    Cashmere Nicole (founder)
    Type
    Addon

    Los Angeles-based private equity firm West Lane Capital Partners has acquired Beauty Bakerie, the cosmetics brand founded by Cashmere Nicole. The deal adds Beauty Bakerie to West Lane’s beauty and wellness platform to support product innovation, distribution expansion and continued brand growth; terms were not disclosed.

  • Buyer
    L Catterton, Naomi Watts
    Target
    Stripes Beauty
    Type
    Buyout

    L Catterton, a consumer-focused investment firm, has partnered with actress and founder Naomi Watts to acquire Stripes Beauty, a DTC women's beauty and menopause wellness brand launched in 2022. The partnership will provide capital and operational support to accelerate product innovation, scale marketing and team growth, and expand domestically and into international channels such as QVC and Canada.

  • Buyer
    2.0 Ventures
    Target
    Feat Clothing, Inc.
    Seller
    Taylor Offer (through his holding company)
    Type
    Buyout

    Salt Lake City-based private equity firm 2.0 Ventures has acquired a majority stake in DTC athleisure brand Feat Clothing, Inc.; financial terms were not disclosed. Feat co-founder and CEO Taylor Offer will step down from day-to-day duties and join the company's board while the brand's seven-person team, product assortment and distribution channels remain in place.

  • Buyer
    ARCHIMED
    Target
    Cellese
    Type
    Buyout

    Global healthcare private equity firm ARCHIMED has acquired a majority stake in Cellese, the Irvine, California–based developer of growth factor- and exosome-based dermo-cosmetic products sold under the AnteAGE brand. ARCHIMED will support Cellese's commercialization and international expansion while founder Ian Sanderson and his family roll a meaningful portion of proceeds into a minority stake.

  • Buyer
    LVMH
    Target
    Chrome Hearts
    Type
    Buyout

    LVMH has acquired Chrome Hearts, the U.S.-based luxury lifestyle and apparel brand known for its edgy, street-inspired designs. The deal expands LVMH’s portfolio into a younger, streetwear-oriented luxury segment while leveraging Chrome Hearts’ U.S. manufacturing and retail footprint.

  • Buyer
    Turtle Beach Corporation
    Target
    Performance Designed Products (PDP)
    Seller
    Diversis Capital
    Type
    Buyout

    Turtle Beach Corporation has acquired Performance Designed Products (PDP) from private equity owner Diversis Capital. The purchase expands Turtle Beach's product portfolio into PDP's controller and peripherals business, strengthening its position in the console controller market and broadening its retail offerings.

  • Buyer
    Society Brands
    Target
    Clarifion, Cleanomic
    Type
    Addon

    Society Brands, a tech-enabled consumer products platform, acquired two Orange County, California direct-to-consumer brands — Clarifion (air ionizers/purifiers) and Cleanomic (sustainable household products). The deals expand Society Brands' portfolio to 11 brands (surpassing $100M in annual topline) and add more than 30 team members, aligning with its Shopify-focused DTC strategy and Cleanomic's subscription offerings.

  • Buyer
    HEPCO Capital Management, LLC, Daniel Levine
    Target
    Original Watermen, Inc.
    Seller
    Jen Miller, Ken Miller
    Type
    Buyout

    HEPCO Capital Management, a family investment firm founded by Jonathan and Edward Cohen, has acquired a majority stake in Original Watermen, a leading supplier of lifeguard uniforms. Daniel Levine, a seasoned surf/outdoor/apparel executive, is joining the business as an investor and CEO while founders Jen and Ken Miller remain shareholders and advisors; HEPCO and Levine plan to grow the core B2B uniform business and expand the brand into consumer lifestyle channels.

  • February 8, 2024
    Buyer
    BRITA SE
    Target
    LARQ, Inc.
    Type
    Buyout

    Germany-based BRITA SE has acquired LARQ, Inc., the San Francisco–area consumer brand known for self‑cleaning UV-C water bottles and reusable drinkware. The acquisition is intended to accelerate BRITA's North American consumer and e-commerce growth while preserving LARQ's independent brand and leadership team.

  • Buyer
    Unilever
    Target
    K18
    Type
    Buyout

    Unilever has agreed to acquire premium biotechnology haircare brand K18, with the deal expected to close in the current quarter (targeted Q1 2024). K18 — known for its proprietary K18Peptide and sold through salons, retail and e-commerce — will join Unilever’s Prestige unit as part of the company’s strategy to grow its premium beauty portfolio and add differentiated biotech haircare capabilities.

  • Buyer
    Hildred Capital Management
    Target
    Hello Bello
    Type
    Addon

    Hildred Capital Management has agreed to acquire Hello Bello, a premium yet affordable baby and family care brand, through a Chapter 11 sale process. Hildred will transition Hello Bello into its portfolio under Hyland's Naturals to build a larger pediatric consumer health platform and accelerate manufacturing, distribution, and growth.

  • Buyer
    WITHit
    Target
    Mighty Bright
    Seller
    Roger Edgar (retiring CEO)
    Type
    Buyout

    WITHit, a U.S. wearable tech and reading accessory maker, has acquired Mighty Bright, a Santa Barbara–based maker of portable LED reading lights and related accessories. The deal expands WITHit's reading accessory product lineup and preserves Mighty Bright's brand as founder/CEO Roger Edgar retires.

  • Buyer
    Thélios (LVMH eyewear unit), LVMH Moët Hennessy Louis Vuitton
    Target
    Barton Perreira
    Seller
    Barton Perreira
    Type
    Buyout

    Thélios, the eyewear division of LVMH, has acquired Barton Perreira, a luxury eyewear brand based in Irvine, California. The acquisition expands Thélios’ luxury eyewear portfolio and will support Barton Perreira's geographic expansion into Europe and Asia while the brand's founders remain in leadership roles.

  • Buyer
    Norwest Equity Partners
    Target
    United Sports Brands
    Seller
    Bregal Partners
    Type
    Buyout

    Norwest Equity Partners (NEP) has acquired United Sports Brands (USB), a portfolio of sporting goods and active lifestyle brands including Shock Doctor, McDavid, Cutters, Nathan, PEARL iZUMi, and Glukos. The transaction closed on November 20, 2023; financial terms were not disclosed. NEP said it will invest capital and resources to strengthen USB’s core business and expand its international presence; USB was previously owned by Bregal Partners.

  • Buyer
    General Mills, Inc., Gold Medal Ventures (General Mills growth equity fund)
    Target
    Fera Pets, Inc.
    Type
    Buyout

    General Mills, through its growth equity arm Gold Medal Ventures, has acquired Fera Pets, a veterinarian-founded pet supplement brand. The deal is the first acquisition by General Mills' new growth equity fund and expands the company's pet portfolio into the pet supplement category.

  • Buyer
    Vivify Specialty Ingredients, Gryphon Investors (Gryphon Heritage Fund)
    Target
    Access Ingredients
    Seller
    Trudi Leung
    Type
    Addon

    Vivify Specialty Ingredients, a portfolio company backed by Gryphon Investors' Heritage Fund, acquired Access Ingredients, a distributor of specialty surfactants and active ingredients for the personal care industry. Access owner Trudi Leung will remain as Managing Director and roll over a meaningful stake; the deal expands Vivify's personal care and cosmetics offerings, adds a West Coast distribution facility, and represents an add-on to Vivify's Sandream Specialties division. Financial terms were not disclosed.

  • Buyer
    FitLife Brands, Inc.
    Target
    MusclePharm Corporation
    Seller
    MusclePharm Corporation
    Type
    Buyout

    FitLife Brands, Inc. (Nasdaq: FTLF) closed on October 10, 2023 the acquisition of substantially all of the assets of MusclePharm Corporation via a Section 363 bankruptcy asset purchase for approximately $18.5 million in cash. The purchase — financed with a $10.0 million term loan from First Citizens Bank and FitLife’s cash — transferred MusclePharm’s brands and assets to FitLife while FitLife assumed none of MusclePharm’s liabilities except de minimis cure costs.

  • Buyer
    e.l.f. Beauty
    Target
    Naturium
    Type
    Buyout

    e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing high-performance skin care brand, for approximately $355 million in a combination of cash and stock. The transaction is expected to close around September 30, 2023, subject to customary closing conditions.

  • Buyer
    Veritas Farms, Inc.
    Target
    ASYSTEM, ASYSTEM Labs
    Seller
    Oli Walsh, Henry Simonds
    Type
    Buyout

    Veritas Farms, Inc. (OTCQB: VFRM) has completed the acquisition of ASYSTEM, a Los Angeles–based science-forward supplements brand, and its product development arm ASYSTEM Labs. The deal is part of Veritas' roll-up growth strategy to expand beyond CBD into the broader wellness market, leveraging ASYSTEM's DTC, retail partnerships, and product-development capabilities to accelerate revenue and portfolio expansion.

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Frequently Asked Questions

Which kinds of consumer products are most represented in these California acquisitions?

The deals here cover a mix of skincare and sun protection, beauty and wellness, lifestyle and performance apparel, premium audio brands, and outdoor/premium consumer goods—depending on the specific transaction.

Do these acquisitions usually keep the acquired brand as a standalone business?

Often, yes. For example, Lime is expected to continue operating as a distinct brand after Sunderstorm’s acquisition, and Rachel Zoe remains led by Founder and Chief Creative Officer Rachel Zoe after Gordon Brothers’ majority investment.

What growth strategies show up across these transactions?

Common strategies include accelerating channel penetration, expanding brand awareness, broadening product portfolios, and using buyer resources such as manufacturing, supply chain, retail/showroom channels, licensing, and distribution.

Are there any examples of take-privates or majority ownership changes?

Yes. 3G Capital completed its acquisition of Skechers U.S.A., Inc., taking the company private and resulting in Skechers’ delisting from the NYSE. Gordon Brothers also made a majority investment in the intellectual property and related consumer business of the Rachel Zoe brand.

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