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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"