The brand founded by Roberta Freymann was sold to an unidentified group of private investors.
The Swiss company has inked a partnership agreement with Damian Ltd., of Hong Kong.
The deal follows Shiseido’s acquisition of MatchCo, a shade-matching technology and foundation business.
Hobbs will join the women’s clothing brands Phase Eight and Whistles.
The procedure postpones its decision on the 46 billion euro merger plans.
The sale of the inexpensive Spanish shoe brand fits into the French retailer’s ongoing restructuring program.
The billionaire British petrochemicals tycoon and motor head Jim Ratcliffe has agreed to purchase Belstaff for an undisclosed price.
General Atlantic’s investment helps ABG target acquisitions of brands having annual retail sales in the $500M to $1B range.