Crocs Said to Explore Buyout Alternatives

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Nov. 14 (Bloomberg) -- Crocs held buyout talks that are unlikely to lead to a sale, leaving it to consider other options to boost value, people with knowledge of the matter said. Cristina Alesci reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)


At this point it seems like blackstone is the front runner.

We should not count the other private equity firms out.

We should say the clogs went out of style a long time ago.

Sales in asia account for 31% of the revenue.

That has been growing.

Product diversity, only -- 48% of the revenue does come from clogs but they do have other products.

Those are the things the private equity guys do find attractive.

As you know, very hard to find growth assets, especially when you look outside north america.

They try to branch out into other types of shoes.

The biggest stumbling block to get a deal done?

Right now it looks like price.

Part of it comes down to the fact that private equity investors do not have enough confidence in management and the view into the future.

They have hit stumbling walks -- blocks.

Growth has been slowing down.

That is definitely a concern.

They have to get together on price.

You have a sprawling empire of stores around the world, over 500 stores.

You have to get them under control.

That is an opportunity because they see a chance to institute operational efficiencies.

We could definitely see a deal.

Lex we will watch out for this.

Risky nonetheless she, the deals reporter.

-- we will watch out for

This text has been automatically generated. It may not be 100% accurate.


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