- Carter's (NYSE:CRI) announces that it picked up children lifestyle brand Skip Hop Holdings from Fireman Capital Partners for $140M. A contingent future payment of $10M is also possible.
- “Skip Hop has built a strong reputation for innovative, essential core products for families with young children,” notes Carter's CEO Michael Casey.
- The company expects the acquisition of Skip Hop to be accretive to Carter’s FY17 EPS.
- Source: Press Release