Done Deals: Centric Brands and WHP Global to Acquire Joe’s Jeans From Bankrupt Sequential + More News

Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com. Nov. 5, 2021: Centric Brands LLC and WHP Global announced on Friday that they entered into a definitive agreement to acquire the Joe’s Jeans brand from the bankrupt Sequential. The deal, which has been approved by a court, is still subject to customary closing conditions. Under the new deal, WHP will own the brand’s worldwide intellectual property in all global territories except for China. Centric will exclusively license Joe’s Jeans for their core categories and geographies across retail, wholesale, and e-commerce. Nov. 1, 2021: Foot Locker Inc. announced that it has completed the acquisition of Atmos. The retail giant stated it has completed the acquisition for $360 million, subject to certain customary adjustments. According to Foot Locker, Atmos will maintain its brand name and will be part of the Foot Locker family of brands. “We deeply value Atmos’s unique brand, innovative, experiential stores, premium offerings, collaborations and understanding of sneakerhead culture. Atmos expands our global reach in the rapidly growing Asia-Pacific market, establishes a critical entry point in Japan and allows us to benefit from immediate scale. We

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