Crocs, Inc. Acquires HEYDUDE for $2.5 Billion

December 23, 2021

Crocs, Inc. entered into a definitive agreement to acquire privately‑owned casual footwear brand HEYDUDE for $2.5 billion in a deal funded with cash and stock. HEYDUDE — founded in Italy and operating as a fast‑growing consumer footwear brand — will operate as a standalone division with founder Alessandro Rosano remaining in a creative/strategic role.

Buyers
Crocs, Inc.
Targets
HEYDUDE
Sellers
Alessandro Rosano, HEYDUDE shareholders
Location
Massachusetts, United States
Transaction Type
Buyout

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