US sports headwear supplier New Era Cap to acquire lifestyle brand '47 in a 2024 deal, creating a $2bn annual revenue company.
New Era Cap, a US sports headwear supplier, is set to acquire lifestyle brand '47 in a deal by the end of 2024, creating a combined company generating around $2bn in annual revenue. Both family-founded companies hold licensing partnerships with major global sports leagues. Post-acquisition, they will operate independently and continue to expand their partnerships. Financial terms have not been disclosed.
June 06, 2024
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