Crocs Get a Multi-Million Dollar Investment
Posted Monday January 6, 2014 9:00 AM GMT
It’s no secret that most shoe enthusiasts are less-than-thrilled about the preponderance of Crocs in the world, however it doesn’t seem they’ll be going away anytime soon.
According to Forbes, the Crocs company just received a cash influx of $200 million from the Blackstone Group, giving them a 13 percent stake.
Senior Managing Director Prakash Melwani noted, “Blackstone sees tremendous opportunity in the Crocs brand and global franchise.”
“The company has the infrastructure and products to enable continued growth across the wide range of geographies and channels through which it operates.”