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Crocs mulls sale

25/11/2013
Clog brand Crocs has hired investment bank Moelis & Co to explore strategic alternatives, including a leveraged buyout.

The company has already held talks with a small group of private equity firms, including Blackstone Group and KKR, according to a report on Reuters.

Established in 2002, Crocs sells its shoes, made out of a proprietary closed-cell resin it calls Croslite, in 125 countries.

It posted a 2% decline in sales  for the third quarter, hurt by weakness in the Americas and Japan.



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