Year: 2021

Crocs to acquire Heydude for 2.5 billion dollars

US company Crocs (based in Broomfield, Colorado) decided to acquire Italian casual footwear brand Heydude for 2.5 billion dollars. The purchase will be fund with 2.05 billion dollars in cash and 450 million dollars in Crocs shares issued to Alessandro Rosano, founder and CEO of the Italian brand.   “We founded Heydude in Italy in 2008, to develop comfortable, versatile and accessible footwear. We are […]

Pinduoduo is now China’s top e-commerce platform

On March 17, the Chinese company Pinduoduo released its fourth-quarter financial results for 2020, confirming itself as the largest e-commerce in terms of active users, even overtaking the giant Alibaba Group Holdings.  “Pinduoduo was founded in 2015 with a focus on agriculture and has grown to become China’s largest agriculture platform, handling more […]