Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank van Wezel's son, Ed van Wezel, said the group has been holding talks with Cherokee a while back for a potential partnership on apparel development. He added that Hi-Tec was growing and investing, for example with the opening of store adjacent to its French office in Les Houches, near Chamonix, and another on a central location near the Vondelpark in Amsterdam, focusing on walking products.
Related articles
-
ArticlePomoca opens new HQ
The ski touring skins specialist opened a cutting-edge facility in Switzerland, combining sustainability, technology and regional collaboration to boost production capacity.
-
News briefsSpinnova and Suzano’s factory project faces delay
Technical challenges push back the pre-engineering phase for the wood-based fiber facility.
-
News briefsVF faces S&P downgrade due to weak financial performance
Financial challenges lead to a credit downgrade, highlighting the problems of large brand portfolios and operational setbacks.