Ares Management to acquire a majority stake in Redback Boots.

Ares Management, a private equity firm, agreed to acquire a majority stake in Redback Boots, an Australian footwear manufacturer. Financial terms are not disclosed. “This collaboration with Ares will enable us to take the next step in our growth journey while staying true to who we are – a proud Australian boot maker using high-quality materials and handcrafted production methods,” Matt Cloros, Redback Boots Managing Director.