Zumiez Inc. has inked a deal to acquire Austrian action sports retailer Blue Tomato for $75.3 million.
The Everett, Wash.-based action sports chain said the total purchase price of 59.5 million euros, or $75.3 million at current exchange, is subject to certain pre-closing and post-closing adjustments. The agreement also provides for an additional 22.1 million euros, or $28 million, in contingent future payments based on the achievement of certain performance objectives over the next three years.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)