China's Anta to acquire Germany's Jack Wolfskin as U.S. trade war rages

China's Anta to acquire Germany's Jack Wolfskin as U.S. trade war rages

TOKYO -- Chinese apparel group Anta Sports Products is set to acquire German outdoor gear maker Jack Wolfskin, as it tacks into trade-war headwinds ri

Jack Wolfskin has changed ownership and the buyer hopes that his other brands will also benefit from the acquisition of the German outdoor manufacturer.

Jack Wolfskin has already changed owners. Currently, the clothing manufacturer belongs to an American company. However, this company wants to reorganize strategically. Therefore, Jack Wolfskin is now going to China.

Chinese multinational wants to diversify outdoor sports categories The post Anta buys German brand Jack Wolfskin for US$ 290 million appeared first on Monitor Mercantil.

German outdoor sports brand Jack Wolfskin is coming into the hands of Chinese concern Anta Sports. It is the second time in five years that the brand has changed owners.

Anta to acquire Jack Wolfskin for 290 million USD

On 10 April, Chinese sportswear giant Anta Sports announced that it had entered an agreement with Topgolf Callaway Brands to acquire 100% of its shares in the German outdoor brand Jack Wolfskin. The agreed price is 290 million USD, and the deal will be completed in late Q2 or early Q3 this year if all other closing conditions are met. Anta joins Nike and Adidas as a global Top 3 sportswear giant Jack Wolfskin is affectionately called “Wolf’s Pa…