Blackstone (BX +3.7%) is expected to announce the acquisition of German outdoor clothing company...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone (BX +3.7%) is expected to announce the acquisition of German outdoor clothing company Jack Wolfskin in a €700M ($995M) deal that underlines the sector's transformation from local businesses to international brands. Wolfskin jackets bearing the yellow wolf's paw symbol have become ubiquitous in German cities, but its global presence is growing. (also)