Carter’s expands with acquisition of Skip Hop Holdings Inc., global lifestyle brand
In 2017, Carter's Inc. acquired Skip Hop Holdings Inc. (Skip Hop), a global lifestyle brands for families with young children, from Fireman Capital Partners for $140.0 million in 2017. Skip Hop specializes in essential products that combine functionality with design. Their product offerings include diaper bags, kid’s backpacks, travel accessories, home gear, toys and mealtime and bath time essentials. Skip Hop is sold in more than 60 countries and this acquisition has elevated the Carter’s brand globally and increased their product offerings across a variety of segments.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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