The Italian cosmetic company will be relaunched and further expanded internationally under the new owner.

The brand was founded in Hawaii in 1979 and now offers gear for surf, snow and bike.

Callaway will pay 418 million euros, or $476 million at current exchange, for the premium outdoor brand.

The company bought the Mexican private equity firm’s position after nine years.

The acquisition follows the closures of two second-hand apparel sites in France while Vestiaire Collective gears up for a push abroad.

The Italian firm has been controlled by the Traglio family since 2001.

The designer company’s owners might not be looking to sell, but sources said they’re open to listening and that Kering has made overtures.

Designers Jack McCollough and Lazaro Hernandez brought in new backers to help buy back their company and move it into the future.

Designers Jack McCollough and Lazaro Hernandez said they have switched out their investor base and bought back their company.

SAP announced its acquisition of Qualtrics International Inc. today in a deal for $8 billion in cash.

Cornell Capital plans to grow Knowlton Development Corp. internationally.

The transaction is subject to better offers at an auction.

The French retailers plans to separately sell Minelli, San Marina and Cosmoparis, leaving it with just La Halle and Caroll.

The retailer has entered negotiations with Groupe Royer, Stéphane Collaert and Thierry Le Guénic to off-load the company.

The new $2.3 billion company will be traded on the Nasdaq exchange.