Who is Hey dudes owned by?

Who is Hey dudes owned by?

Hey Dude Shoes was acquired by Crocs for $2.5B on Dec 23, 2021 .

How much did Hey Dude shoes sell for?

The clog company is already seeing strong demand for Hey Dude products after it acquired the company for $2.5 billion last year, inching the new subsidiary toward its $1 billion annual revenue target by 2024, according to Crocs CEO Andrew Rees. To an average consumer, Hey Dude still isn’t a household name.

Did Hey dudes go out of business?

The closing is effective as of February 17, 2022. The company said in a statement that the acquisition of Hey Dude adds a second high-growth, highly profitable brand to the Crocs portfolio. The new brand is expected to be immediately accretive to the company’s revenue growth, operating margins and earnings.

Who is Crocs owned by?

Colorado natives Scott Seamans, Lyndon “Duke” Hanson, and George Boedecker, Jr. founded Crocs in 2001 after innovating on a foam clog by Canadian brand Foam Creations, which Crocs later acquired. The first model produced by Crocs, the Beach, was introduced at the 2002 Fort Lauderdale Boat Show in Florida.