Announced
Completed
Financials
Sources
Tags
Acquisition
Private
shoes
Cross Border
Poland
Private Equity
Friendly
Majority
Personal Products
Completed
Synopsis
B. Riley-backed cm.shoes, a Hanover-based shoe firm, completed the acquisition of Vögele Shoes, a shoe brand, from CCC Group, a Polish shoes seller. Financial terms were not disclosed. The changes in the ownership of Karl Vögele are the result of the restructuring plans. This decision eventuates directly from the GO.22 strategy announced by CCC at the beginning of 2020, which established CCC's focus on the Central and Eastern Europe region.
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